$1,175,000
$1,350,000
13.0%For more information regarding the value of a property, please contact us for a free consultation.
14700 Hubbard ST Sylmar, CA 91342
13 Beds
7 Baths
6,452 SqFt
Key Details
Sold Price $1,175,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,452 sqft
Price per Sqft $182
MLS Listing ID 23272741
Sold Date 09/06/23
Bedrooms 13
HOA Y/N No
Year Built 1955
Lot Size 10,240 Sqft
Property 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.
Location
State CA
County Los Angeles
Area Syl - Sylmar
Zoning LAR3
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Garage Attached Carport
Parking Type Attached Carport
Attached Garage Yes
Total Parking Spaces 7
Building
Story 2
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 2612013005
Special Listing Condition Standard
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Bought with Josh Kaplan • Transwestern Property Company West, Inc.