13987 Foothill Boulevard, Sylmar, CA 91342
- $1,575,000
- 11
- BD
- 10
- BA
- 6,737
- SqFt
- List Price
- $1,575,000
- Price Change
- ▼ $225,000 1781092475
- Status
- ACTIVE
- MLS#
- 26834941
- Year Built
- 1961
- Bedrooms
- 11
- Bathrooms
- 10
- Living Sq. Ft
- 6,737
- Lot Size
- 23,318
- Acres
- 0.54
- Days on Market
- 75
- Property Type
- Multifamily
- Stories
- Two Levels
Property Description
13987 Foothill Blvd presents a compelling value-add multifamily investment opportunity in the heart of Sylmar. The property consists of 10 units situated on an expansive 23,318 square foot R3-zoned lot, offering investors multiple avenues to unlock additional value. With a unit mix of nine 1-bedroom/1-bath units and one 2-bedroom/1-bath unit, the asset is well-positioned to benefit from strong rental demand in the San Fernando Valley. Having been under the same ownership for over four decades, the property reflects significant rental upside through interior renovations and repositioning to market rents. Additionally, the large lot and favorable zoning provide potential for the development of ADUs or future ground-up redevelopment, making this an attractive long-term hold or land bank play. Recent capital improvements further reduce immediate maintenance concerns, allowing a new owner to focus on maximizing income and strategic growth.
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Additional Information
- Appliances
- Microwave
- Pool Description
- In Ground
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- Attached Structure
- Detached
- Number Of Units Total
- 10
Listing courtesy of Listing Agent: Jeffrey Louks (jeff.louks@marcusmillichap.com) from Listing Office: Marcus & Millichap.
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