Pacoima (los Angeles), CA 91331,10960 Sutter Avenue

$1,425,000

$1,500,000

5.0%
Est.Price: ?

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Est. payment /mo

5,856 SqFt


SOLD DATE : 07/22/2025

Key Details

Sold Price $1,425,000

Property Type Commercial

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 5,856 sqft

Price per Sqft $243

MLS Listing ID CRP1-22074

Sold Date 07/22/25

HOA Y/N No

Year Built 1962

Lot Size 8,864 Sqft

Acres 0.2

Property Sub-Type Other

Property Description

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.

Location

State CA

County Los Angeles

Interior

Fireplace No

Laundry Other

Exterior

View Y/N false

View None

Building

Lot Description Other

New Construction No

Others

Tax ID 2535009019

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Bridge MLS
Listed by Casey Picard • Keller Williams Realty
Bought with AndyAguilar
Houstir Inc

+1(888) 897-9667

support@houstir.com

1300 Eastman Ave, Ventura, California, 93003

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