15500 Foothill Blvd, Sylmar, CA 91342

Property Description

KW Commercial is pleased to represent this 36 unit apartment complex on 15500 Foothill Blvd. in the equestrian district of Sylmar, CA. The building was constructed in 1985 and is not subject to rent control and sits on a huge ¾ Acre double lot. Just blocks from the Glen Oaks exit of the 210 Freeway, Olive View-UCLA Medical Center, and Stetson Ranch Equestrian Park. The property has a newer roof and copper plumbing. T-Mobile is current paying $500.00 a month for a cell site on the roof and will pay $2,000 a month once the site is completed which is scheduled for January. There is also an existing Chase first trust deed that can be assumed for 1 point. It is currently at 2.553 percent interest and has an approximate balance of $2,530,000. The 3 story structure has a total of 18,652 rentable SQFT and is situated on a huge 32,670 Lot. The building consist of (1) 2 Bedroom/2 Bath unit approximately 800 SQFT, (1) 2 bedroom/1 Bath unit, and (34) 1 Bedroom/1Bath units and a recreation room which is currently occupied by the on-site manager. There is a sparkling pool area, on-site laundry facilities, a recreation room, and 52 secured parking spots.