12937 Van Nuys Blvd - Multi-Family FOR SALE


Pacoima, CA 91331
$1,200,000 USD
818-219-6146
12937 Van Nuys Blvd, Pacoima, CA for Sale
$1,200,000 USD
Multi-Family - FOR SALE
1/21
null | 4.14% Cap Rate

12937 Van Nuys Blvd
Pacoima, CA 91331


HIGHLIGHTS

  • Two Houses and One Quadruplex on a Large Corner Lot
  • New Roof Installed in Recent Years
  • Mostly Copper Plumbing
  • Blocks from Upcoming East San Fernando Valley Light Rail Transit Station
  • Excellent Opportunity to Add Value – Current Rents Approximately 41% Below Market
  • Close to Major Retailers, Including Costco Wholesale, Best Buy, Lowe’s Home Improvement, Smart & Final

OVERVIEW

Marcus & Millichap is pleased to announce the opportunity to purchase 12937 Van Nuys Boulevard, a six-unit multifamily asset located in Pacoima, one of the fastest-growing and most affordable rental markets in Los Angeles. Featuring two houses and a quadruplex on a large, 13,711 square foot corner lot, the property offers excellent visibility along the high-traffic Van Nuys Boulevard thoroughfare. The property sits mere blocks from the upcoming East San Fernando Valley Light Rail Project, a major infrastructure development that will enhance connectivity and increase property values along this key transit corridor. Pacoima is undergoing significant revitalization and economic growth, fueled by infrastructure investments, new retail developments, and its proximity to major employment centers. Nearby attractions include Pacoima Plaza, Hansen Dam Recreation Center, and The Plant Shopping Center, all adding to the neighborhood’s appeal. The property allows tenants convenient access to the 5, 118, and 210 Freeways, providing a connection to employment centers and entertainment destinations throughout the vast Los Angeles metro area. The property itself is well-maintained, featuring a newer roof, mostly copper plumbing, and assigned parking for all tenants. The three separate buildings provide a charming, low-density living experience, which remains highly desirable among tenants seeking a more residential feel. With strong rental demand, a prime location near transit, and an attractive unit mix, 12937 Van Nuys Boulevard represents an excellent opportunity for investors seeking value-add potential and long-term appreciation.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$255 USD /SF

# OF UNITS

6

PRICE/UNIT

$200,000

CAP RATE

4.14%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New Roof, Mostly Copper | Approx. 41% Upside

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,711 SF

ZONING

LARD2

APN/PARCEL ID

2533-011-022

ASK ABOUT THIS PROPERTY

Rick RaymundoMarcus and MillichapMore Info
818-219-6146

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Rick RaymundoMarcus and MillichapMore Info
818-219-6146

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.