10960 Sutter Ave - Apartments FOR SALE


Pacoima, CA 91331
$1,500,000 USD
626-376-9224
10960 Sutter Ave, Pacoima, CA for Sale
$1,500,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

10960 Sutter Ave
Pacoima, CA 91331


HIGHLIGHTS

  • (10) - 1 bed / 1 bath units with approximate rental upside of ±60%
  • No seismic retrofit required
  • ±5,856 square foot building on a ±8,864 square foot lot
  • Opportunity to add accessory dwelling units
  • Secure gate entry and parking for tenant security and safety
  • Very low price per unit of $150,000

OVERVIEW

Offered at an attractive price of just $150,000 per unit, 10960 Sutter Avenue is a well-located 10-unit apartment building in the high-demand rental market of Pacoima. Built in 1962, the property is comprised of (10) one-bedroom, one-bathroom units totaling approximately ±5,856 square feet on a ±8,864 square foot lot. It is subject to the Los Angeles Rent Stabilization Ordinance (RSO), offering long-term stability and strong upside potential. With an estimated ±60% rental upside, this asset provides an excellent value-add opportunity for investors looking to increase cash flow through unit turnover and operational improvements. The property also features secure gated entry and parking, offering enhanced safety and privacy for tenants. All parking is open surface, and the building is not subject to mandatory soft-story seismic retrofit requirements—reducing future capital improvement obligations. Situated near major retailers such as Costco, Lowe’s, and Best Buy, and with easy access to the 118, 5, and 210 Freeways, the property enjoys a central and convenient location that supports ongoing tenant demand.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$256 USD /SF

# OF UNITS

10

PRICE/UNIT

$150,000

CAP RATE

Request Cap Rate

% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sutter Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,869 SF

ZONING

RD1.5-1-O

APN/PARCEL ID

2535-009-019

ASK ABOUT THIS PROPERTY

Casey PicardKW CommercialMore Info
626-376-9224

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Casey PicardKW CommercialMore Info
626-376-9224

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