Report Listing

Home For Sale

Picture of Home For Sale in Sylmar, California, United States

$1,350,000

14700 Hubbard St
Sylmar, California, United States

13bd 7ba

Listed By: Realtyww Info

Listed On: 05/25/2023

Listing ID: GL10399146 View More Details

Description

SEE MARKETING PACKAGE IN DOCS. Major Value Add Opportunity. Approximately 109% rental upside. Priced at under $210 per square foot. 14700 Hubbard Street is a seven (7) unit apartment building constructed in 1955. The unit mix consists of one (1) 1bed+1bath unit and six (6) 2bed+1bath units. The property is a two-story, 6, 452 square foot garden-style walk-up building with frame and stucco construction situated on a 10, 243 square foot lot. All the units have large open floor plans that provide an investor the opportunity to complete their own renovation plan and significantly increase rents. Unit features include large bedrooms, spacious living room areas, separate dining areas adjacent to the kitchens, and ample storage and closet space. Some of the units have updated laminate flooring in the living areas and stainless appliances in the kitchens. Downstairs units feature front patios and upstairs units feature large balconies. All units have individual hot water heaters. The utility costs at the property are uniquely low as units are separately metered for water and sewer, in addition to the standard separately metered gas and electricity. The landlord does pay for trash. Parking is provided onsite with seven (7) spaces, including six (6) tuck-under spaces. The property is also surrounded by ample street parking, which could allow an investor to consider converting a portion the tuck-under parking area into accessory dwelling units. The laundry room adjacent to the parking area is not currently in use but an investor can re-open if desired. The soft story retrofit requirement has also been completed at the property.

For more details:

Listed by: Transwestern Property Company West, Inc.
Source: The World Property Journal

Advertisement

Other Properties Near Sylmar