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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 1,800,000

Est. payment | -/mo

11 Beds

10 Baths

6,737 SqFt

Save

$ 1,800,000

Est. payment | -/mo

Save

11 Beds

10 Baths

6,737 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 6,737 sqft

Price per Sqft $267

MLS Listing ID 26834941

Bedrooms 11

HOA Y/N No

Year Built 1961

Lot Size 0.535 Acres

Property Description

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.

Location

State CA

County Los Angeles

Area Syl - Sylmar

Zoning LAR3

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Appliance Microwave

Exterior

Parking Features Assigned

Pool In Ground

Total Parking Spaces 24

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 2504020018

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Jeffrey Louks Marcus & Millichap #00908473

NEARBY SCHOOL & BUSINESS

+1(619) 302-3010

matt@homecrave.com

San Diego, CA, 92124

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13987 Foothill BLVD Sylmar, CA 91342