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Key Details
Sold Price $1,425,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID P1-22074
Sold Date 07/22/25
Bedrooms 1
Property Sub-Type Res Income 2-4 Units
Type of Financing Cash
Property Type Res Income 2-4 Units
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
Zoning Assessor
Direction Located on Sutter Avenue and Van Nuys Boulevard
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 2535009019
Acceptable Financing Cash
Listing Terms Cash
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Glen Henderson
Broker Associate | CA BRE #01384181
Broker Associate CA BRE #01384181
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