Sylmar, CA 91342,14700 Hubbard ST
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Sylmar, CA 91342,14700 Hubbard ST
Sylmar, CA 91342,14700 Hubbard ST
Sylmar, CA 91342,14700 Hubbard ST
Sylmar, CA 91342,14700 Hubbard ST

$1,175,000

Est. payment /mo

$1,350,000

13.0%
Est.Price: ?

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14700 Hubbard ST Sylmar, CA 91342

13 Beds

7 Baths

6,452 SqFt

SOLD DATE : 09/06/2023

Key Details

Sold Price $1,175,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 6,452 sqft

Price per Sqft $182

MLS Listing ID 23272741

Sold Date 09/06/23

Bedrooms 13

HOA Y/N No

Year Built 1955

Lot Size 10,240 Sqft

Property Description

SEE MARKETING PACKAGE IN DOCS. Major Value Add Opportunity. Approximately 109% rental upside. Priced at under $210 per square foot. 14700 Hubbard Street is a seven (7) unit apartment building constructed in 1955. The unit mix consists of one (1) 1bed+1bath unit and six (6) 2bed+1bath units. The property is a two-story, 6,452 square foot garden-style walk-up building with frame and stucco construction situated on a 10,243 square foot lot. All the units have large open floor plans that provide an investor the opportunity to complete their own renovation plan and significantly increase rents. Unit features include large bedrooms, spacious living room areas, separate dining areas adjacent to the kitchens, and ample storage and closet space. Some of the units have updated laminate flooring in the living areas and stainless appliances in the kitchens. Downstairs units feature front patios and upstairs units feature large balconies. All units have individual hot water heaters. The utility costs at the property are uniquely low as units are separately metered for water and sewer, in addition to the standard separately metered gas and electricity. The landlord does pay for trash. Parking is provided onsite with seven (7) spaces, including six (6) tuck-under spaces. The property is also surrounded by ample street parking, which could allow an investor to consider converting a portion the tuck-under parking area into accessory dwelling units. The laundry room adjacent to the parking area is not currently in use but an investor can re-open if desired. The soft story retrofit requirement has also been completed at the property.

Location

State CA

County Los Angeles

Area Syl - Sylmar

Zoning LAR3

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Parking Features Attached Carport

Attached Garage Yes

Total Parking Spaces 7

Building

Story 2

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 2612013005

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Josh Kaplan • Transwestern Property Company West, Inc.
Bought with Josh Kaplan • Transwestern Property Company West, Inc.

John Vogel

Real Estate Advisor | License ID: DRE 01445571

+1(760) 712-2437

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