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.
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.
Note* Price Improvement: We are proud to present an exceptional and rare investment opportunity: a 20-unit gated multifamily community situated on approximately a one acre parcel. The property offers ample space and potential for future enhancements. Its location lends direct access to the 5, 210, and 405 freeways as well as Metrolink's Antelope Valley Line which makes getting around from Sylmar easy & attractive to a broad tenant base. Huge Upside in Rent +- 67%. Copper Plumbing throughout and All electrical sub-panels were replaced last year. Contact us for more information. This is a stellar value - add opportunity.
