Description

*PRICE REDUCED*Welcome to 11107 Herrick an extraordinary investment opportunity offering FIVE new construction, beautifully appointed, detached, turn-key 1200 SQFT vacant units consisting of two 4 bed / 3 bath and three 3 bed / 3 bath. Projected to produce $19,000 per month total rent. Each modern, all electric, separate addressed unit has its own power & water meters…tenants pay ALL their own utilities including trash! Four units equipped with cost efficient paid-off solar panels significantly reducing utility costs. Located walking distance to TWO charter schools and only 5-10 mins from major shopping….COSTCO etc. Up to eight secure off street parking spaces available on the side of the 20 X 220 foot deep gated driveway. With an impressive approx. 7% cap rate, this property is a prime opportunity for discerning investors. All units feature contemporary design and abundant natural light to enhancing their appeal and ensuring effortless rentals. Designed with privacy in mind, the individual outdoor areas balance seclusion with a generous 15,703 square foot lot. Nestled off Van Nuys Blvd, this prime location offers a variety of dining options and convenient freeway access. Seize this opportunity to enhance your real estate portfolio.