14020-14022 Foothill Blvd - Apartments FOR SALE


Sylmar, CA 91342
$1,499,000 USD
14020-14022 Foothill Blvd, Sylmar, CA for Sale
$1,499,000 USD
Apartments - FOR SALE
1/10
null | 5.94% Cap Rate

14020-14022 Foothill Blvd
Sylmar, CA 91342


HIGHLIGHTS

  • 6 unit apartment building with a detached house.
  • Large vacant land at the rear of the property ideal for feature development.
  • New roof installed 2024.

OVERVIEW

Fully rented being offered at approximately a 6% cap with value add opportunity. 7-unit multi-family property featuring a 6-unit apartment building alongside a detached house, all set on a spacious lot with significant vacant land at the rear ideal for future development. This property has been a reliable long-term investment, with a new roof installed in late 2024 and recent retrofitting of the carport to meet updated earthquake safety codes. Currently, rents are below market value, presenting multiple avenues for growth. Investors can capitalize on opportunities to increase rental income, add additional units including AB 1211 ADUs, or explore redevelopment options.

FOR SALE DETAILS

PRICE

$1,499,000 USD

PRICE/SF

$279 USD /SF

# OF UNITS

7

PRICE/UNIT

$214,143

CAP RATE

5.94%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1952

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

R3

APN/PARCEL ID

2504-022-002

ASK ABOUT THIS PROPERTY

Jeff BrandolinoBrandolino Group, IncMore Info

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Jeff BrandolinoBrandolino Group, IncMore Info

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