8
See all 8 photos
$1,500,000
Est. payment /mo
5,856 SqFt
New
10960 Sutter Avenue Pacoima (los Angeles), CA 91331
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,856 sqft
Price per Sqft $256
MLS Listing ID CRP1-22074
HOA Y/N No
Year Built 1962
Lot Size 8,864 Sqft
Acres 0.2
Property Sub-Type Other
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
Interior
Fireplace No
Laundry Other
Exterior
View Y/N false
View None
Building
Lot Description Other
New Construction No
Others
Tax ID 2535009019
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Listed by Casey Picard • Keller Williams Realty
A FEW WORDS FROM PAST CLIENTS
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Mike & Jules Guzzardo Team With Jenny Biczkow
Realtor | r01066846,01955798,02086289