6 Units in Sunland 10438 Scoville Ave 6 Unit Apartment Building $2,467,211 CAD ($411,202 CAD/Unit) 2.17% Cap Rate Sunland, CA 91040

Chris Chasin at Partners CRE and Susan Smith are proud to exclusively present for sale a unique 6 Unit Apartment complex in the heart of Sunland. Five of the units are studios and the sixth unit is a two-story house consisting of two bedrooms and one bath. All the units including the two-bedroom house are paying below market rent, allowing an investor room to raise the rents in the future. The two-bedroom house has access to a patio with a beautiful garden with nice landscaping. The property sits on a large 10,561 square foot lot zoned LAR3 which allows for favorable zoning. There are four detached garages for parking on site. Sunland is a quiet neighborhood that is nestled between the Verdugo Mountains and the San Gabriel Mountains. The property is within walking distance to Foothill Blvd, which is the main thoroughfare through Sunland and Tujunga. According to Costar, only two multi family properties have traded in Sunland over the past year. This is a rare offering and allows a buyer to acquire an investment property in a market with limited inventory.
Please contact Chris Chasin for setup and showing instructions