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    13266 Foothill Blvd

    Sylmar, CA 91342
    • $7,500,000
    • STATUS: Active Under Contract
    • ON SITE: 23 days
    • ID#: 21-707088
    Under Contract
    $7,500,000
    • 50
      BEDS
    • 0.55
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 28,285
      SQFT
    • $265
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1985
    County:
    Area:

    School Ratings & Info

    Description

    We are pleased to present this 28-unit value-add apartment building located at 13266 Foothill Boulevard, in the 91342 zip code of Sylmar, CA. This pocket of Sylmar is one of the most rapidly improving areas of the East San Fernando Valley and is home to a number of new exciting developments. The most exciting of which being the new East San Fernando Valley LRT (Light Rail Transit) project which will include 14 on-grade stations arranged to easily connect the East and West Valley, and allowing easy connections to Westside cities and DTLA. The subject property also resides within close proximity to numerous retail centers and restaurants, making life easy for tenants to accomplish all of their day-to-day tasks. The vast majority of units have recently undergone significant interior upgrades as well. These upgrades include new A/C units, Kitchen Ranges, Dishwashers, as well as new kitchen countertops in a few. Built in 1985, the subject property offers the new investor a great opportunity to add value by increasing rents 5% + CPI year-over-year per the new California law AB-1482. Additionally, the implementation of the RUBS program would increase the NOI in the future as it would help to minimize the costs associated with LADWP, city trash, and utilities.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-04-10T23:42:37.08. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.cgluxuryhomesla.com/homes/115224300
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    13266 Foothill Blvd Sylmar, CA 91342

    • Price: $7,500,000
    • Status: Active Under Contract
    • ID#: 21-707088
    50
    Beds
    0
    Baths
    0
    ½ Baths
    0.55
    Acres
    28,285
    SQFT
    $265
    $/SQFT
    1985
    Built
    Neighborhood:
    Sylmar
    County:
    Los Angeles
    Area:
    Sylmar
    Property Description
    We are pleased to present this 28-unit value-add apartment building located at 13266 Foothill Boulevard, in the 91342 zip code of Sylmar, CA. This pocket of Sylmar is one of the most rapidly improving areas of the East San Fernando Valley and is home to a number of new exciting developments. The most exciting of which being the new East San Fernando Valley LRT (Light Rail Transit) project which will include 14 on-grade stations arranged to easily connect the East and West Valley, and allowing easy connections to Westside cities and DTLA. The subject property also resides within close proximity to numerous retail centers and restaurants, making life easy for tenants to accomplish all of their day-to-day tasks. The vast majority of units have recently undergone significant interior upgrades as well. These upgrades include new A/C units, Kitchen Ranges, Dishwashers, as well as new kitchen countertops in a few. Built in 1985, the subject property offers the new investor a great opportunity to add value by increasing rents 5% + CPI year-over-year per the new California law AB-1482. Additionally, the implementation of the RUBS program would increase the NOI in the future as it would help to minimize the costs associated with LADWP, city trash, and utilities.
    Exterior Features

    Covered Parking 48 Direction Faces North Garage Structures Total 1 Levels Multi/Split Lot Description 2-4 LotsCurbsCorners EstablishedLawnLandscapedStreet PavedStreet ConcreteLot-Level/Flat Lot Location CityNear Public Transit Lot Size Area 23921 Other Structures Other Parking Garage CarportCarport AttachedDirect EntranceAttachedCovered Parking Paved YN No Sprinklers Front Style A-Frame Total Parking 48 View Description Any View YN Yes Water Frontage None

    Interior Features

    Baths Total 50.00 Common Walls Attached Cooling Other Den No Dining Room No Equipment Other Family Room No Fireplace Rooms None Foundation Details Slab Heating Other Rooms Other Water Heater Features Other Windows Tinted WindowsVertical BlindsWindow BlindsWindow ShuttersScreensMini BlindsDouble Pane WindowsDrapes/CurtainsBay Window

    Property Features

    ADACompliance No Alley YN No Assessed Total Value 5604586 Gross Income 530179 Gross Operating Income 541380 Land Lease Type Other Like Units1 6 Like Units2 21 Like Units3 1 Net Operating Income 307497.00 Number Of Buildings 1 Number Of Units 28 Property Condition No Additions/Alter Sale Type Standard Security Features None Sewer In Street Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 222681 Type Of Units Standard Water District Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lard1.5

    Listing provided courtesy of Filip Niculete DRE#01905352 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-04-10T23:42:37.08. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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