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Listed by Casey Picard • Keller Williams Realty
$ 1,500,000
Est. payment | /mo
8,864 Sqft Lot
$ 1,500,000
Est. payment | /mo
8,864 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRP1-22074
Year Built 1962
Lot Size 8,864 Sqft
Source California Regional MLS
Property Description
Offered at an attractive price of just $150,000 per unit, 10960 Sutter Avenue is a well-located 10-unit apartment building in the high-demand rental market of Pacoima. Built in 1962, the property is comprised of (10) one-bedroom, one-bathroom units totaling approximately +/-5,856 square feet on a +/-8,864 square foot lot. It is subject to the Los Angeles Rent Stabilization Ordinance (RSO), offering long-term stability and strong upside potential.With an estimated +/-60% rental upside, this asset provides an excellent value-add opportunity for investors looking to increase cash flow through unit turnover and operational improvements. The property also features secure gated entry and parking, offering enhanced safety and privacy for tenants. All parking is open surface, and the building is not subject to mandatory soft-story seismic retrofit requirements--reducing future capital improvement obligations.Situated near major retailers such as Costco, Lowe's, and Best Buy, and with easy access to the 118, 5, and 210 Freeways, the property enjoys a central and convenient location that supports ongoing tenant demand.
Location
State CA
County Los Angeles
Area Pac - Pacoima
Rooms
Kitchen None
Interior
Laundry Laundry Area
Exterior
Garage Spaces 10.0
Pool 31, None
View None
Others
Tax ID 2535009019
Special Listing Condition Not Applicable
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