13987 Foothill Boulevard, Sylmar, CA 91342
List Price: $1.8M
Listing Status: Active
0Days on Market: 9
11 Bedrooms · 10 Bathrooms · 6,737 sq ft
Property Type: ResidentialIncome
Year Built: 1961
Lot Size: 23,318 sq ft
Private Pool: Yes
MLS Number: 26834941
About This Property
13987 Foothill Blvd presents a compelling value-add multifamily investment opportunity in the heart of Sylmar. The property consists of 10 units situated on an expansive 23,318 square foot R3-zoned lot, offering investors multiple avenues to unlock additional value. With a unit mix of nine 1-bedroom/1-bath units and one 2-bedroom/1-bath unit, the asset is well-positioned to benefit from strong rental demand in the San Fernando Valley. Having been under the same ownership for over four decades, the property reflects significant rental upside through interior renovations and repositioning to market rents. Additionally, the large lot and favorable zoning provide potential for the development of ADUs or future ground-up redevelopment, making this an attractive long-term hold or land bank play. Recent capital improvements further reduce immediate maintenance concerns, allowing a new owner to focus on maximizing income and strategic growth.
Listing provided by: Jeffrey Louks DRE #00908473 818-212-2700 jeff.louks@marcusmillichap.com, Marcus & Millichap
Source: CRMLS, MLS #: 26834941
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.