Property Detail

Description

Beautiful brand new built 12 unit building on huge 1/2 acre lot in Sylmar CA . Unit mix is great for families as there are seven 3 bedroom units , two 4 bedroom units , two 2 bedroom units , and one 1 bedroom unit. Built with very nice finishes and private garages, these units feel like private townhomes. Very low maintenance cost and easy management make this a clear money maker. There is tons of upside to be made as there is ample room on this oversized lot to build Additional Dwelling Units ( ADU's). Sylmar is located in the North San Fernando Valley and offers an easy connect to Santa Clarity, Downtown LA, Burbank and the Antelope Valley. It has a very strong rental demand and offers more affordable housing compared to many other LA neighborhoods. Strong median household incomes of $95k and strong population of 80,000 creates a strong and sizable tenant base. The San Fernando Valley has experienced steady economic growth and job expansion.