For Sale

Listed by Jeffrey Louks from Marcus & Millichap

Source: Combined LA Westside Multiple Listing Service, Inc #26834941

13987 Foothill Boulevard, Los Angeles, CA, 91342

$1,800,000

11
10
24
6737 sq. ft.
23318 sq. ft.

Other

5 days on the market

What's around 13987 Foothill Boulevard

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.

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