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Key Details
Sold Price $4,225,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 15,790 sqft
Price per Sqft $267
MLS Listing ID 24385487
Sold Date 06/26/24
Bedrooms 12
HOA Y/N No
Year Built 1986
Lot Size 0.551 Acres
Property Description
The 15,790 square foot property was built in 1986 and is on the market for the first time. It consists of two buildings, each with thirteen units, so no on-site manager is needed. Comprised of thirteen singles and thirteen one bedroom/ one bath units, it sits on a large lot totaling 24,003 square feet. Amenities include on-site laundry and 37 parking spaces.The property is not subject to Los Angeles rent control (RSO) and offers a rare investment opportunity to add value by renovating the existing units to recognize 40% upside in rents as well as using some of the parking lot to potentially add up to five ADU's (buyer to do their own investigation and verify).13073 San Fernando Rd is in Sylmar, CA just off the 5 freeway and gives easy access to the entire San Fernando Valley.
Location
State CA
County Los Angeles
Area Syl - Sylmar
Zoning LAC2
Interior
Fireplace No
Exterior
Parking Features Assigned, Carport
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 2604011003
Special Listing Condition Standard
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Bought with Roderick 'Rick' Raymundo • Marcus & Millichap