Rare opportunity to own a fully reimagined multi-unit property in the heart of Lakeview Terrace, offering 5 bedrooms and 3.5 bathrooms across three distinct living spaces — ideal for multi-generational living or generating strong rental income. The front home features 3 bedrooms and 1.5 bathrooms with comfortable, functional living space and a yard dotted with mature fruit trees, while an attached second unit (1 bed / 1 bath) — a thoughtfully converted patio area — adds flexibility for extended family, or guests. The true standout is the fully permitted, ground-up new construction ADU — this is NOT a garage conversion. Built from the foundation up, this detached 1 bed / 1 bath unit showcases modern design and premium finishes throughout, including a brand-new custom kitchen, soaring tall ceilings, recessed lighting, a built-in speaker system in every room, elegant gold accents, an open-concept closet design, new gutters, and top-to-bottom new construction details that must be seen in person. The ADU is also equipped with fully paid-off solar, adding long-term energy savings to an already exceptional package. Three units, one incredible Lakeview Terrace investment — live in one and rent the others, or house the whole family in style. Properties with a true legal, newly built ADU rarely come to market at this level.
Because the property was constructed in 1985, it is not subject to restrictive Los Angeles rent control. Instead, an owner is allowed to implement higher annual rent increases under California AB 1482. This could allow the investment's income to maintain pace with future rent growth, ensuring that the asset's cash flow is maximized. Available at an already attractive 6.69% current CAP Rate and 9.28 GRM, the property offers income growth through both rent upside and expansion of the existing RUBS collections. The building's excellent unit mix, consisting primarily of two- bedroom apartments, coupled with amenities such as central air/heat, stainless steel appliances, and ample garage parking, makes it a desirable asset for tenants and landlords alike. The building is not on the Los Angeles Department of Building and Safety's seismic retrofit list (Buyer to verify), allowing an investor to avoid an otherwise burdensome capital expense. The on- site garage parking area can accommodate 48 vehicles, while street parking is more readily available because the building is surrounded primarily by single-family residences. Located on a large corner lot along one of the San Fernando Valley's major streets, the property provides excellent visibility when attracting prospective tenants. Residents enjoy convenient access to the 210 Freeway, as well as numerous public transportation depots in the immediate area. The upcoming East San Fernando Valley Light Rail Transit Project is planned to start in Sylmar and extend the entire distance south to the Metro Orange Line, connecting the neighborhood to the majority of the Los Angeles metro area.
This commercial building at 14690 Hubbard Street, Sylmar, CA 91342 features a total of 11 bedrooms and 8 bathrooms across 7 units: Unit 1 is 2b/1b, Unit 2 is 1b/1b, Unit 3 is 2b/2b, Unit 4 is 2b/1b, Unit 5 is 1b/1b, Unit 6 is 1b/1b, and Unit 7 is 2b/1b. The property is currently tenant-occupied, generating immediate rental income. The roof is less than 5 years old, and most galvanized pipes have been upgraded to copper, reducing future maintenance costs.Located in the fast-growing Sylmar area of Los Angeles, this property offers investors long-term stability and strong rental demand. Hubbard Street is minutes from the 210, 5, and 118 freeways, providing excellent commuter access to Burbank, Pasadena, and downtown Los Angeles. The neighborhood is close to shopping centers, schools, parks, and employment hubs, making it attractive to tenants seeking convenience and affordability compared to neighboring San Fernando Valley markets. With low vacancy rates and continued appreciation in the Sylmar rental market, this is an exceptional opportunity for investors looking to secure consistent cash flow and future property value growth.
