10960 Sutter Ave Pacoima, CA 91331
Pacoima NeighborhoodEstimated payment $9,460/month
1
Bed
1
Bath
5,856
Sq Ft
$256
Price per Sq Ft
Highlights
- Cooling Available
- Wrought Iron Fence
- Heating Available
- Laundry Room
About This Home
Offered at an attractive price of just $150,000 per unit, 10960 Sutter Avenue is a well-located 10-unit apartment building in the high-demand rental market of Pacoima. Built in 1962, the property is comprised of (10) one-bedroom, one-bathroom units totaling approximately +/-5,856 square feet on a +/-8,864 square foot lot. It is subject to the Los Angeles Rent Stabilization Ordinance (RSO), offering long-term stability and strong upside potential.With an estimated +/-60% rental upside, this asset provides an excellent value-add opportunity for investors looking to increase cash flow through unit turnover and operational improvements. The property also features secure gated entry and parking, offering enhanced safety and privacy for tenants. All parking is open surface, and the building is not subject to mandatory soft-story seismic retrofit requirements--reducing future capital improvement obligations.Situated near major retailers such as Costco, Lowe's, and Best Buy, and with easy access to the 118, 5, and 210 Freeways, the property enjoys a central and convenient location that supports ongoing tenant demand.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1962
Lot Details
- 8,864 Sq Ft Lot
- No Common Walls
- Wrought Iron Fence
- No Sprinklers
Interior Spaces
- 5,856 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Bathroom
Parking
- 10 Parking Spaces
- Parking Available
Utilities
- Cooling Available
- Heating Available
Listing and Financial Details
- Tax Lot 19
- Tax Tract Number 104
- Assessor Parcel Number 2535009019
Community Details
Building Details
- Rent Control
- 11 Separate Electric Meters
- 11 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,154
- Fuel Expense $4,306
- Gardener Expense $900
- Insurance Expense $10,000
- Maintenance Expense $6,000
- Pest Control $900
- Professional Management Expense $5,283
- Trash Expense $6,087
- Water Sewer Expense $16,176
- New Taxes Expense $19,244
- Operating Expense $68,835
- Gross Income $134,710
- Net Operating Income $63,251
Additional Features
- 10 Units
- Laundry Facilities
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/05/2025 05/05/25 | For Sale | $1,500,000 | +102.7% | $256 / Sq Ft |
| 02/16/2012 02/16/12 | Sold | $740,000 | +2.1% | $126 / Sq Ft |
| 12/09/2011 12/09/11 | Pending | -- | -- | -- |
| 11/21/2011 11/21/11 | For Sale | $725,000 | -- | $124 / Sq Ft |
Source: Pasadena-Foothills Association of REALTORS®
Similar Home in Pacoima, CA
Source: Pasadena-Foothills Association of REALTORS®
MLS Number: P1-22074
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