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$1,360,000
Est. payment /mo
4,960 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,960 sqft
Price per Sqft $274
MLS Listing ID CRP1-22073
HOA Y/N No
Year Built 1961
Lot Size 7,102 Sqft
Acres 0.16
Property Sub-Type Other
Property Description
Located in the heart of Pacoima, 10714 Sutter Avenue is a well-positioned 8-unit apartment complex offering a strong value-add opportunity for investors. Built in 1961, the property consists entirely of (8) two-bedroom, one-bathroom units, totaling approximately +/-4,960 square feet of rentable space on a +/-7,102 square foot lot. The building is subject to Los Angeles' Rent Stabilization Ordinance (RSO), making it an ideal long-term hold in a supply-constrained rental market.With a significant rental upside of approximately +/-85%, the asset provides substantial income growth potential. Additionally, the property presents an opportunity to add an on-site laundry room, creating an additional income stream for ownership. Notably, the building is not subject to mandatory soft-story seismic retrofit requirements, reducing future capital improvement obligations.Tenants benefit from excellent proximity to major retailers such as Costco, Lowe's, and Best Buy, along with convenient access to Highway 118 and the 5 and 210 Freeways--ensuring strong rental demand and accessibility.
Location
State CA
County Los Angeles
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Laundry No Hookups
Exterior
View Y/N false
View None
Building
Lot Description Other
New Construction No
Others
Tax ID 2535025005
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Listed by Casey Picard • Keller Williams Realty