Commercial For Sale | Multifamily | Apartment building / Low Rise / Garden Style / 1-3 stories high
13922 Sayre Street . Sylmar , CA 91342
For sale 31 unit apartment buildings in Sylmar, California. For additional information regarding this transaction , please contact the listing agent, Glen Scher 818-212-2808 Glen.Scher@marcusmillichap.com
Posted: 03/01/2022 5:52 pm
| On HOMEiZ: 793 days |
Updated: 2 years ago
| Views: 426
Location Map
Property Type
Sold
Property Price
$7550000
$7550000
03/01/2022
33,105.00
Sq. Ft.
$297
25442
Contact listing agent%
3.76%
$0
$283880
14.51
$0
1.25%
$94375
Property Location & Description
For sale 31 unit apartment buildings in Sylmar, California. For additional information regarding this transaction , please contact the listing agent, Glen Scher 818-212-2808 Glen.Scher@marcusmillichap.com
Rent Control
The two-story subject
property constructed in 1964 sits on a 33,214 square foot parcel (.76 acres), and consists of three 1 Bedroom / 1 Bathroom units, and twenty-eight 2 Bedroom / 1
Bathroom units. The property also includes a private swimming pool for the tenants’ use, which is an attractive amenity for tenants with children, especially in the Summertime when the weather in Sylmar gets warm.
The pocket of Sylmar in which the subject property resides is among one of the most rapidly growing and improving areas of the East San Fernando Valley. This area
is home to several new and exciting developments, the most exciting of which being the new East San Fernando Valley LRT (Light Rail Transit) project. This project
is set to include 14 on-grade stations arranged to easily connect the Eastern and Western neighborhoods of the San Fernando Valley. Once completed, commuters
will enjoy the ability to easily connect to West LA, Beach Cities, and DTLA as well. The proposed Sylmar / San Fernando Station will be located at the corner of Sayre
Street and San Fernando Road, a mere 6 blocks from the subject property. The subject property also resides within close proximity to the I-210 Freeway, as well as
numerous retail centers and restaurants, making it easy and convenient for tenants to accomplish all of their day-to-day tasks.
31
$243548
No.
Description
No. Units
Sq. Ft.
Avg. Mo. Rent
1.
1+1
3
2.
2+1
28
3.
4.
5.
2509-013-026
LAR3
100%
2
1964
Good
Many Recent Upgrades
New Roof - February 2021
Re-paved On-Site Parking Lots
Proximate to the new East San Fernando Valley Light Rail Transit
Property Features Private Swimming Pool
Huge Potential for ADUs
Property Information
Gated entry
Pool
Sewer
Sewer System (Public)
Parking
Off-street
On-street
Assigned Parking
No Data
Investment Overview
Investor
Energy Efficiency
No
No Data
N/A
N/A
No
No
No
Neighborhood lifestyle
Urban Core
More information
Listing Presented by
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