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10960 Sutter AVE Pacoima, CA 91331
8,864 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID P1-22074
HOA Y/N No
Year Built 1962
Lot Size 8,864 Sqft
Property Description
Offered at an attractive price of just $150,000 per unit, 10960 Sutter Avenue is a well-located 10-unit apartment building in the high-demand rental market of Pacoima. Built in 1962, the property is comprised of (10) one-bedroom, one-bathroom units totaling approximately +/-5,856 square feet on a +/-8,864 square foot lot. It is subject to the Los Angeles Rent Stabilization Ordinance (RSO), offering long-term stability and strong upside potential.With an estimated +/-60% rental upside, this asset provides an excellent value-add opportunity for investors looking to increase cash flow through unit turnover and operational improvements. The property also features secure gated entry and parking, offering enhanced safety and privacy for tenants. All parking is open surface, and the building is not subject to mandatory soft-story seismic retrofit requirements--reducing future capital improvement obligations.Situated near major retailers such as Costco, Lowe's, and Best Buy, and with easy access to the 118, 5, and 210 Freeways, the property enjoys a central and convenient location that supports ongoing tenant demand.
Location
State CA
County Los Angeles
Area Pac - Pacoima
Interior
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Fence Wrought Iron
Pool None
Community Features Sidewalks
View Y/N No
View None
Total Parking Spaces 10
Private Pool No
Building
Lot Description Sprinklers None
Story 2
Entry Level Two
Level or Stories Two
Others
Senior Community No
Tax ID 2535009019
Energy Description 4306.0
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Listed by Casey Picard • Keller Williams Realty