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Listed by ERIC CHEN • CB RICHARD ELLIS
$ 7,400,000
Est. payment /mo
Active Under Contract
13266 Foothill Boulevard Sylmar, CA 91342
28,285 SqFt
UPDATED:
01/31/2025 03:38 AM
Key Details
Property Type Single Family Home
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 28,285 sqft
Price per Sqft $261
MLS Listing ID CV-25002980
Year Built 1985
Lot Size 0.549 Acres
Property Description
We are proud to offer a rare opportunity to acquire the Foothill Vista Apartments, a well-maintained 28-unit property located at the corner of Foothill Boulevard and Harding Street at 13266 Foothill Boulevard. This ?28,285 sq ft building sits on a ?23,921 sq ft lot, boasting excellent visibility and convenient access to the 210 Freeway. Nestled against the majestic backdrop of the Foothill Mountains, Foothill Vista Apartments is located in the suburban neighborhood of Sylmar, which is the northernmost city of Los Angeles at the edge of the San Fernando Valley. The property features mature lush landscaping, controlled access, laundry facilities, and a mix of covered and surface parking stalls along with a dedicated on-site management and maintenance team. The Foothill Vista Apartments boasts spacious units with stainless steel dishwashers, electric cooking systems, vinyl wood plank or carpet flooring, Central A/C and heating systems, ceiling fans, vertical blinds, private balconies and high speed Internet access.* Strategic Location, Diverse Market: Foothill Vista Apartments occupy a prime spot in Sylmar, offering access to a dynamic tenant pool. Neighboring cities like San Fernando, Mission Hills, Granada Hills, Pacoima, Burbank, and Northridge boast distinct demographics, ensuring a broad range of potential renters. This strategic positioning extends beyond Sylmar. Within a 25-mile radius, residents enjoy convenient access to major landmarks like Downtown LA, Universal Studios Hollywood, Griffith Observatory, Burbank Airport, Cal State Northridge, and the Burbank Town Center. This proximity to employment hubs, entertainment centers, and educational institutions translates to high renter demand and stable occupancy rates. Foothill Vista Apartments is in a prime location that ensures residents are surrounded by an abundance of shopping centers, restaurants, retailers, and parks, all just a short distance away. This is an attractive San Fernando Valley income-producing property and a great long-term investment. The property offers stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or those seeking a 1031 exchange opportunity. *Approximately 75% units have been renovated
Location
State CA
County Los Angeles
Zoning LARD1.5
Interior
Heating Central
Cooling Central Air
Laundry Common Area
Exterior
Parking Features Gated
Pool None
Community Features Curbs, Sidewalks
Building
Lot Description 26-30 Units/Acre
Sewer Public Sewer