Welcome to 11107 Herrick Ave, a remarkable investment opportunity featuring five beautifully detached, newly constructed turn-key units. With a robust return on investment at a 7% cap rate, this property shines as an exceptionally attractive opportunity for savvy investors. Three units feature three bedrooms and three bathrooms, while two units enjoy four bedrooms and three bathrooms that offer a convenient downstairs bedroom—ideal for multi-generational living. Each unit offers 1,200 square feet of living space, providing ample room for comfort. They feature a modern design and are filled with an abundance of natural light, enhancing their rental appeal and ensuring an effortless rental process. The outdoor quarters are designed with an emphasis on privacy, allowing residents to enjoy both indoor and outdoor living. While each unit maintains its own personal space, the outdoor areas provide a perfect blend of privacy and openness, offering an ideal setting for relaxation or entertainment. Units are also equipped with paid-off solar panels that significantly reduce utility costs. The property boasts a spacious 15,703 square foot lot, with residents having access to 200 feet of dedicated parking space. Situated off Van Nuys Blvd, residents benefit from a variety of surrounding dining options and convenient freeway access. Don’t miss your chance to add this lucrative property to your real estate portfolio—schedule a viewing today!
Property Details
Property Features
Property Information:
Year Built: 2024
Stories: 2
Listing Office:
Office Name: Compass
Office Phone: (661) 803-2621
Listing Agent: James Webster
Exterior Features
Exterior Information:
Private Pool: No
View: Neighborhood
Exterior: Lighting
Lot Features
Lot Information:
Lot Size: 0.36 Acres
Utilities
Utilities Information:
Heating: Solar
Cooling: Central Air
Other
Directions Information:
Directions: Take exit 45 off 118 freeway, turn right on Paxton St, turn left onto Herrick Ave.
Price Information
Listing Price Info
Price Summary:
List Price: $2,550,000
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $1.5M more than the Median Sold Price in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #SR24216677
Listing Office:
Office Name: Compass
Office Phone: (661) 803-2621
Listing Agent: James Webster
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/21/2024, 5:21:00 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Pacoima Charter Elementary School
11016 Norris Ave
Distance between this listing and this school0.09 miles
Public Charter Grades KG-6
4
/10
Coughlin Elementary
11035 Borden Ave
Distance between this listing and this school0.74 miles
Public District Grades PK-5
4
/10
Broadous Elementary School
12561 Filmore St
Distance between this listing and this school0.92 miles
Public District Grades KG-5
Nearby Schools
3
/10
Charles Maclay Middle School
12540 Pierce St
Distance between this listing and this school0.58 miles
Public District Grades 6-8
4
/10
San Fernando Middle School
130 N Brand Blvd
Distance between this listing and this school1.46 miles
Public District Grades 6-8
5
/10
San Fernando Institute of Applied Media
130 N Brand Blvd
Distance between this listing and this school1.46 miles
Public District Grades 6-8
Nearby Schools
3
/10
Bert Corona Charter High School
12513 Gain St
Distance between this listing and this school0.64 miles
Public Charter Grades 9-12
5
/10
Vaughn Next Century Learning Center
13330 Vaughn St
Distance between this listing and this school0.73 miles
Public Charter Grades KG-12
5
/10
Cesar E. Chavez Learning Academies - Academy of Science Exploration
1001 Arroyo St
Distance between this listing and this school1.21 miles
The neighbors living near this home have an average income of $29,412. The most common annual income of people living in Los Angeles, CA is less than $35k. Most families are single, no kids. Typical level of education for residents in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 11107 Herrick Ave
What is the listing price of this property?
The listing price of 11107 Herrick Ave property is $2,550,000.
What type of property is this?
The property 11107 Herrick Ave is a house located in Pacoima, California, 91331.
Is this property for sale now?
Active Listing: 11107 Herrick Ave is For Sale (Active/New) which means the seller is accepting offers.
Which year was this property built?
The year of construction for 11107 Herrick Ave is 2024.
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This home is located at 11107 Herrick Ave in Pacoima, CA and zip code 91331 in the The San Fernando Valley neighborhood. This home, which was built in 2024, sits on a 0.36 acre lot. It has been listed on Rocket Homes since October 19, 2024 and is currently priced at $2,550,000.
Los Angeles, CA housing market in October 2024 saw over 598 listings sold above listed price, more than 191 sold at listed price and over 753 sold below. Between September 2024 and October 2024, Los Angeles, CA real estate market has seen increase in the number of listings by 11.2%. Listings spent 38 days on the market in October 2024, and had a median list price of $1,023,474 during the same period.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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