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13987 Foothill Blvd. 13987 Foothill Blvd 10 Unit Apartment Building $2,476,944 CAD ($247,694 CAD/Unit) 4.14% Cap Rate Sylmar, CA 91342
Investment Highlights
- 10-unit Multifamily Asset in Sylmar, CA
- Attractive Unit Mix: 9(1+1) and 1 (2+1)
- Ideal Land Bank for Future Redevelopemnt
- Large 23,318 SF lot with R3 Zoning
- Significant Value-Add Opportunity with Rental Upside
- Long-Term Ownership of 40+ Years
Executive Summary
13987 Foothill Blvd presents a compelling value-add multifamily investment opportunity in the heart of Sylmar. The property consists of 10 units situated on an expansive 23,318 square foot R3-zoned lot, offering investors multiple avenues to unlock additional value. With a unit mix of nine 1-bedroom/1-bath units and one 2-bedroom/1-bath unit, the asset is well-positioned to benefit from strong rental demand in the San Fernando Valley. Having been under the same ownership for over four decades, the property reflects significant rental upside through interior renovations and repositioning to market rents. Additionally, the large lot and favorable zoning provide potential for the development of ADUs or future ground-up redevelopment, making this an attractive long-term hold or land bank play. Recent capital improvements further reduce immediate maintenance concerns, allowing a new owner to focus on maximizing income and strategic growth.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$215,081
|
$31.93
|
| Other Income |
$7,811
|
$1.16
|
| Vacancy Loss |
$6,686
|
$0.99
|
| Effective Gross Income |
$216,206
|
$32.09
|
| Taxes |
$29,723
|
$4.41
|
| Operating Expenses |
$83,825
|
$12.44
|
| Total Expenses |
$113,549
|
$16.85
|
| Net Operating Income |
$102,657
|
$15.24
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $215,081 |
| Annual Per SF | $31.93 |
| Other Income (CAD) | |
|---|---|
| Annual | $7,811 |
| Annual Per SF | $1.16 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $6,686 |
| Annual Per SF | $0.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $216,206 |
| Annual Per SF | $32.09 |
| Taxes (CAD) | |
|---|---|
| Annual | $29,723 |
| Annual Per SF | $4.41 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $83,825 |
| Annual Per SF | $12.44 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $113,549 |
| Annual Per SF | $16.85 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $102,657 |
| Annual Per SF | $15.24 |
Property Facts
| Price | $2,476,944 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $247,694 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.53 AC |
| Cap Rate | 4.14% | Building Size | 6,737 SF |
| Gross Rent Multiplier | 11.11 | No. Stories | 2 |
| No. Units | 10 | Year Built | 1961 |
| Property Type | Multifamily | Parking Ratio | 1.1/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R3 - Residential | ||
| Price | $2,476,944 CAD |
| Price Per Unit | $247,694 CAD |
| Sale Type | Investment |
| Cap Rate | 4.14% |
| Gross Rent Multiplier | 11.11 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.53 AC |
| Building Size | 6,737 SF |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1.1/1,000 SF |
| Zoning | R3 - Residential |
Amenities
Unit Amenities
- Kitchen
Site Amenities
- 24 Hour Access
- Pool
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | $2,332 CAD | - |
| 2+1 | 1 | $3,027 CAD | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 2504-020-018 | Total Assessment | $310,296 CAD |
| Land Assessment | $97,790 CAD | Annual Taxes | $29,723 CAD ($4.41 CAD/SF) |
| Improvements Assessment | $212,507 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
2504-020-018
Land Assessment
$97,790 CAD
Improvements Assessment
$212,507 CAD
Total Assessment
$310,296 CAD
Annual Taxes
$29,723 CAD ($4.41 CAD/SF)
Tax Year
2025
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