This exceptional 12-unit apartment building presents a compelling investment opportunity in Los Angeles, CA. Situated on a 0.39-acre lot at 9325 Sylmar Ave, 91402, this two-story building boasts 8,156 square feet and offers a mix of one-bedroom, one-bathroom and two-bedroom, one-bathroom units. The property includes 24 parking spaces, a significant advantage in this location. Built in 1950, this property offers substantial upside potential given its location within a rapidly developing area. The property is strategically positioned just three blocks from the upcoming San Fernando Valley Light Rail Transit project and less than two miles from the planned Panorama City Center, a massive 5,000,000 square foot mixed-use development. This development will include multi-family housing, retail, restaurants, entertainment, fitness centers, office space, and medical facilities, transforming the neighborhood and driving increased demand for rental properties. The current asking price is $2,800,000, representing a price per unit of $233,333.33 and a price per square foot of $343.31. Significant potential exists to increase rental income, with estimates suggesting a 62% upside. Furthermore, the large parking lot offers the possibility of adding two detached accessory dwelling units (ADUs), further enhancing the property's value and return on investment. This property represents a rare chance to capitalize on the transformative growth projected for this area of Los Angeles.
Highlights
4.09% Cap Rate, 12.37 GRM, with 62% potential rent increase.
Potential to add two 3+2 detached ADUs, increasing cap rate to 5.63% and GRM to 10.54.
Three blocks from the upcoming San Fernando Valley Light Rail Transit project.
Less than two miles from the future Panorama City Center, a 5,000,000 sq ft mixed-use development.
Additional significant developments planned in the area by major developers.
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Kelly Morgan
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9325 Sylmar Ave, Los Angeles, California, 91402
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
9325 Sylmar Ave
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