13266 Foothill Blvd - Apartments FOR SALE


Sylmar, CA 91342
$7,600,000 USD
909-418-2071
13266 Foothill Blvd, Sylmar, CA for Sale
$7,600,000 USD
Apartments - FOR SALE
1/45
null | 5.69% Cap Rate

13266 Foothill Blvd
Sylmar, CA 91342


HIGHLIGHTS

  • Rare Opportunity to Acquire a Well-Maintained, 28-Unit Property in Sylmar
  • ±28,285 SF Building Sitting on a ±23,921 SF Lot
  • Attractive Unit Mix Featuring One-Bedroom and Two-Bedroom Units — Average Unit Size of ±1,010 Square Feet
  • 75% of the Units Have Already Been Renovated
  • Potential for Rental Upside – Strong Rental Income with the Opportunity to Achieve an Additional 15% in Rental Income
  • Gated Community with Controlled Access, Secured Covered and Surface Parking, Laundry Facilities, Mature Lush Landscaping

OVERVIEW

CBRE, Inc., as exclusive advisor, is proud to offer a rare opportunity to acquire the Foothill Vista Apartments, a well-maintained 28-unit property located at the corner of Foothill Boulevard and Harding Street at 13266 Foothill Boulevard. This ±28,285 sq ft building sits on a ±23,921 sq ft lot, boasting excellent visibility and convenient access to the 210 Freeway. Nestled against the majestic backdrop of the Foothill Mountains, Foothill Vista Apartments is located in the suburban neighborhood of Sylmar, which is the northernmost city of Los Angeles at the edge of the San Fernando Valley. The property features mature lush landscaping, controlled access, laundry facilities, and a mix of covered and surface parking stalls along with a dedicated on-site management and maintenance team. The Foothill Vista Apartments boasts spacious units with stainless steel dishwashers, electric cooking systems, vinyl wood plank or carpet flooring, Central A/C and heating systems, ceiling fans, vertical blinds, private balconies and high speed Internet access.* Strategic Location, Diverse Market: Foothill Vista Apartments occupy a prime spot in Sylmar, offering access to a dynamic tenant pool. Neighboring cities like San Fernando, Mission Hills, Granada Hills, Pacoima, Burbank, and Northridge boast distinct demographics, ensuring a broad range of potential renters. This strategic positioning extends beyond Sylmar. Within a 25-mile radius, residents enjoy convenient access to major landmarks like Downtown LA, Universal Studios Hollywood, Griffith Observatory, Burbank Airport, Cal State Northridge, and the Burbank Town Center. This proximity to employment hubs, entertainment centers, and educational institutions translates to high renter demand and stable occupancy rates. Foothill Vista Apartments is in a prime location that ensures residents are surrounded by an abundance of shopping centers, restaurants, retailers, and parks, all just a short distance away. This is an attractive San Fernando Valley income-producing property and a great long-term investment. The property offers stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or those seeking a 1031 exchange opportunity. *Approximately 75% units have been renovated

FOR SALE DETAILS

PRICE

$7,600,000 USD

PRICE/SF

$269 USD /SF

# OF UNITS

28

PRICE/UNIT

$271,429

CAP RATE

5.69%

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Foothill Vista

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

47

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,921 SF

ZONING

R3-1, Los Angeles

APN/PARCEL ID

2513-026-028

ASK ABOUT THIS PROPERTY

Eric ChenCBRE, Inc.More Info
909-418-2071

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Eric ChenCBRE, Inc.More Info
909-418-2071

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