$3,998,000
$502K PRICE DROP

Estimated payment $22,045/month

Total Views 6,900
1 Bed
1 Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • 0.67 Acre Lot
  • Laundry Room
  • Heating Available
  • Cooling Available
  • Fenced

About This Home

Discover a rare opportunity to own 11 rental units across two parcels in the heart of Sylmar. This well-positioned property offers strong existing income with significant upside potential, including space for additional units or large ADUs. With two detached garages and expansive lot space, the setup is ideal for investors looking to grow their portfolio or explore redevelopment opportunities. Located on a quiet residential street near parks, schools, and freeway access, this is a value-add gem you don't want to miss.

Listing Agent

Trey Ballard

eXp Realty of Greater Los Angeles Brokerage Email: trey@andersonballard.com License #02215641 Listed on: 05/21/2025

eXp Realty of Greater Los Angeles

Co-Listing Agent

Brent Ballard

eXp Realty of Greater Los Angeles Brokerage Email: trey@andersonballard.com License #01297151

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,133

Year Built

  • Built in 1940

Lot Details

  • 0.67 Acre Lot
  • Two or More Common Walls
  • Fenced

Parking

  • 2 Car Garage
  • Parking Available

Home Design

  • Property Attached

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Laundry

  • Laundry Room

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Tax Lot 76
  • Assessor Parcel Number 2507003040

Community Details

Overview

  • 5 Buildings
  • Valley

Building Details

  • Rent Control
  • 11 Separate Electric Meters
  • 11 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $1,200
  • Insurance Expense $12,000
  • Water Sewer Expense $6,000
  • Operating Expense $80,673
  • Gross Income $198,156
  • Net Operating Income $11,538

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,133

Year Built

Built in 1940

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • Subdivision Name Other: Not Applicable
  • View: No
  • Water Sewer Expenses: 6000.00
  • Property Type: Residential Income
  • Parcel Number: 2507003040
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Levels: One

Exterior Features

  • Fence: Yes
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Total Parking Spaces: 11.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Valley

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 29307.00
  • Lot Size Acres: 0.6728

Multi Family

  • Fuel Expense: 1200.00
  • Gross Income: 198156.00
  • Gross Scheduled Income: 198156.00
  • Insurance Expense: 12000.00
  • Lot Size Area: 29307.0000 Square Feet
  • Net Operating Income: 11537.59
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 1
  • Operating Expense: 80673.00
  • Rent Control: Yes
  • Total Expenses: 80673.00

Tax Info

  • Tax Lot: 76

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,133 $211,280 $46,407 $164,873
2024 $3,133 $207,139 $45,498 $161,641
2023 $3,083 $203,078 $44,606 $158,472
2022 $2,960 $199,097 $43,732 $155,365
2021 $2,910 $195,194 $42,875 $152,319
2020 $2,930 $193,194 $42,436 $150,758
2019 $2,835 $189,406 $41,604 $147,802
2018 $2,656 $185,693 $40,789 $144,904
2016 $2,511 $178,484 $39,206 $139,278
2015 $2,480 $175,804 $38,618 $137,186
2014 $2,512 $172,361 $37,862 $134,499
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2025 06/26/25 Price Changed $3,998,000 -11.2% --
05/21/2025 05/21/25 For Sale $4,500,000 -- --
Source: Pasadena-Foothills Association of REALTORS®

Source: Pasadena-Foothills Association of REALTORS®

MLS Number: P1-22376

Pasadena-Foothills Association of REALTORS®

APN: 2507-003-040