Property Type Residential Income
Status Active Under Contract
Price Type
Distressed
Year Built 2014
Neighborhood
Days on Website 40

Property Map

$15,500,000 – 12455 San Fernando Rd, Sylmar, CA 91342

Street View

Listing courtesy of Eric Sackler (CalBRE #01057377), Coldwell Banker Residential Brokerage.

Description

Built in 2014 with attention to quality and detail, this fully leased 61 unit Sylmar apartment building is the only one of its kind in the area. Beautifully constructed and tastefully designed with three stories of luxury units over an on-grade parking garage with 101 parking spaces, the building is set around an expansive courtyard. Amenities include a large and fully equipped gym with yoga room and bathroom as well as rec room with a fully equipped kitchen, billiards area, and a large seating/social area set around a large-screen TV. Laundry rooms are in unit and the building has controlled access entry. Units are separately metered for gas and electric and have full heating and air.Conveniently located and in walking distance to restaurants, shopping and public transportation the property also offers easy access to the I-210, I-5, I-405 freeways and the State Highway 118. Property being sold by court-appointed receiver and maybe subject to court confirmation & overbid hearing.

Property Details and Features

Listing

  • Listed on 2019-10-29
  • $240 per square foot

Bedrooms

  • Unit 1 has 1 bedroom
  • Unit 2 has 2 bedrooms
  • Unit 3 has 3 bedrooms

Bathrooms

  • Unit 1 has 1 bathroom
  • Unit 2 has 2 bathrooms
  • Unit 3 has 2 bathrooms

Location

  • County: Los Angeles
  • ZIP code: 91342
  • Area: Sylmar (SYL)

House

  • Built in 2014
  • Building is 64650.0 square feet
  • 61 total units in complex
  • 1 building

Interior Features

  • Other

Property

  • Zoning: LARAS3

Lot

  • Lot size source: Public Records

Parking

  • 101 total parking spaces
  • Other

Cooling

  • Central A/C

Heating

  • Central Furnace

Miscellaneous

  • $1,250,562 gross operating income
  • [value} net operating income
  • $470,037 total annual expense
  • $24,039 electric expense
  • $3,576 gardener expense
  • $115 gas expense
  • $8,666 insurance expense
  • $3,856 licenses expense
  • $31,030 maintenance expense
  • 48522.00 management expense
  • $11,330 operating expense
  • $20,857 other expense
  • $1,260 pest expense
  • $193,750 tax expense
  • $10,850 trash expense
  • $30,215 water expense
  • Unit 9 is furnished
  • Unit 10 is furnished
  • Unit 11 is furnished
  • Unit 12 is furnished
  • Unit 13 is furnished

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