10218 Bradley Ave - Apartments FOR SALE


Pacoima, CA 91331
$2,050,000 USD
209-696-1342
10218 Bradley Ave, Pacoima, CA for Sale
$2,050,000 USD
Apartments - FOR SALE
1/16
null | Request Cap Rate

10218 Bradley Ave
Pacoima, CA 91331


HIGHLIGHTS

  • Diversified Unit Mix
  • Strong Cash Flow Potential
  • Substantial Land Value
  • Strong Income Potential
  • Impressive Tax Benefits

OVERVIEW

10218 Bradley Ave is a single-story 10-unit multi-family property in the neighborhood of Pacoima, CA. Built in 1952, the lot offers 48,439 SF of usable area and 7,326 SF of existing improvements. There are 8 separate structures with units consisting of (5) 2- bedroom & 1-bathroom; (4) 1-bedroom, one bathroom, & (1) studio, aligning with the strong rental demand in the area. Each unit has its own parking space, along with street parking available, which makes this a valued convenience for residents. Located on Bradley Ave, bringing a blend of commercial and residential properties, this property not only benefits from the connectivity to key parts of the San Fernando Valley, but is also ideally located right in the center of Pacoima with easy access and minutes away from the 5, 118, and 210 freeways and the Whiteman Airport. Tenants are in close proximity to Taco Llama, Queens Burgers, Lab Five Soccer, Inicio Coffee, Bobo’s Burgers, Lenchitas, El Pollo Loco, Starbucks, O’Reilly’s Auto Parts, Costco, Best Buy, Lowes, and so much more. Pacoima is also rapidly becoming an attractive hub for the movie industry, due to its affordable production costs, and diverse range of locations that provide everything from urban landscapes to mountain views. The area’s diversity has brought improved infrastructure and modern amenities, while its growing creative ecosystem supports local talent and independent filmmakers. Pacoima is an ideal, cost-effective choice for productions looking for a unique, versatile setting in close reach of the bustling film industry. With some production companies having already established themselves in this city, such as Artnet Studios, Quixote Film Studios (3 locations in Pacoima), XR Stage, and Brilliant Screen Studios. For Investors, this shows that Pacoima is a promising city with rapid and exceptional growth, and with the upcoming light rail that will run from Van Nuys Blvd in Van Nuys to San Fernando Road in Pacoima, investors will be looking at tremendous appreciation in the near future. The property offers a significant income upside. Long-Term tenants have kept rents 36% below market, allowing for potential rent growth as units turn over. Strategic improvements and rental adjustments can yield excellent returns!

FOR SALE DETAILS

PRICE

$2,050,000 USD

PRICE/SF

$280 USD /SF

# OF UNITS

10

PRICE/UNIT

$205,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

10218 Bradley Ave.

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1952

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,124 SF

ZONING

R1-1, Los Angeles

APN/PARCEL ID

2537-004-025

ASK ABOUT THIS PROPERTY

Abner LozanoCentennial AdvisersMore Info
209-696-1342

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Abner LozanoCentennial AdvisersMore Info
209-696-1342

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.