28-Unit Multifamily Property in
13266 Foothill Blvd Sylmar, CA 91342
13266 Foothill Blvd, Sylmar, CA, 91342
$7,650,000
For Sale
$7,650,000
28-unit multifamily property in Sylmar, CA, built in 1985.
Days on Market105
Property Features for 13266 Foothill Blvd
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Listing agency
Encino Office
(213) 943-1815
Listed by
Ben Savoy · License #License(s): CA: 02185544
(213) 943-1815
Source
Marcusmillichap
Added: Apr 9 Updated: Jul 10 at 1:16PM Checked: Jul 21 at 3:08AM
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Investment Insights
Based on property information with market context.
This 28-unit multifamily property, constructed in 1985, is located in Sylmar, CA, within the San Fernando Valley. The property is not subject to restrictive Los Angeles rent control, allowing for higher annual rent increases under California AB 1482. The property has a 6.17% current CAP Rate and 9.93 GRM. Income growth potential exists through rent upside and expansion of existing RUBS collections. The unit mix consists primarily of two-bedroom apartments, with amenities such as central air/heat, stainless steel appliances, and ample garage parking. The on-site garage parking area accommodates 48 vehicles, with street parking also available. The building is not on the Los Angeles Department of Building and Safety’s seismic retrofit list. Located on a corner lot along a major street, the property offers visibility. Residents have access to the 210 Freeway and public transportation. The upcoming East San Fernando Valley Light Rail Transit Project is planned to start in Sylmar and extend south to the Metro Orange Line.
Key Highlights
- Not subject to restrictive Los Angeles rent control, allowing for higher annual rent increases.
- Attractive 6.17% current CAP Rate and 9.93 GRM with income growth potential.
- Excellent unit mix consisting primarily of two‑bedroom apartments with amenities like central air/heat and stainless steel appliances.
Property Analytics
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FAQs
What type of property is this?
Apartment building - 28-unit multifamily property in Sylmar, CA, built in 1985.
Where is this apartment building located?
The property is located at 13266 Foothill Blvd Sylmar, CA.
What is the asking price?
The asking price for this property is $7,650,000.
What are key features of this property?
This property features: Not subject to restrictive Los Angeles rent control, allowing for higher annual rent increases.; Attractive 6.17% current CAP Rate and 9.93 GRM with income growth potential.; Excellent unit mix consisting primarily of two‑bedroom apartments with amenities like central air/heat and stainless steel appliances.
