13987 Foothill Blvd presents a compelling value-add multifamily investment opportunity in the heart of Sylmar. The property consists of 10 units situated on an expansive 23,318 square foot R3-zoned lot, offering investors multiple avenues to unlock additional value. With a unit mix of nine 1-bedroom/1-bath units and one 2-bedroom/1-bath unit, the asset is well-positioned to benefit from strong rental demand in the San Fernando Valley. Having been under the same ownership for over four decades, the property reflects significant rental upside through interior renovations and repositioning to market rents. Additionally, the large lot and favorable zoning provide potential for the development of ADUs or future ground-up redevelopment, making this an attractive long-term hold or land bank play. Recent capital improvements further reduce immediate maintenance concerns, allowing a new owner to focus on maximizing income and strategic growth.
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 6.17% current CAP Rate and 9.93 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.
STANDARD SALE.....Don't missed this great opportunity to own a Beautiful 3 Houses on 11,000 sqft Lot. The units are divided with privacy for each of them with their own patio and entrance. located in the heart of Sylmar this property has a great location in a wonderful neighborhood and should NOT be missed close to FWYS 210,5,405 and 118fwy, shops, schools, parks located. these units each have their private yard, perfect for investor who is looking for good income, ALL 3 units have 2 Bedrooms and 1 bathroom each.. unit has own Gas meter, Electric meter and the most important 2 WATER Meters and the tenants pay water bill, 2 units was remodeled 5 years ago and the third unit (ADU) was built 3 years ago with great laminate flooring, New kitchen with granite counter tops and HVAC central. Don't miss this great opportunity.
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.
