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EXCLUSIVE LISTING | 10u | Sylmar | Rental Upside Potential

Purchase Price: $1,375,000
Property Address: 13238 Maclay St, Sylmar, CA 91340

  • CAP Rate:
  • Units:
  • Zoning Type:
  • Lot Size (Sqft):

4.63%

10

LAC2

7,553

  • GRM:
  • Year Built:
  • Price Per Unit:
  • Price Per Sqft:

12.69

1959

$137,500

$361.08


Investment Highlights


  • Attractive cost per unit
  • Value add opportunity
  • Significant rental upside

  • Individually metered
  • Onsite parking for each unit
  • Strong rental market

Attachments

Download Marketing Package (PDF):

Building Description

Property: 13238 Maclay Street multifamily complex comprised of ten (10) apartment units, in one (2) story building. The building construction is of wood frame with a flat roof and painted stucco exterior.  Development was completed in 1959 with a total of 3,808 building square feet on a 7,553 square foot lot. Current zoning is LAC2.

 

Maclay Manor consists of 10 studio units, with common area amenities which include; gated access, parking, and laundry room. Unit amenities include air conditioning, stove and large closet space.

 

The building is accessible in the front of the property off of Maclay Street through the gated driveway and there is a total of 10 assigned parking spaces. The property is individually metered for electricity.

 

Aesthetically, the property has gone through major exterior capital improvements which include; new slurry-coat and restriping of the parking lot and driveway, complete exterior paint and trim of the building and resurfacing of common area walkways and stairs. All of which provide for a clean aesthetically pleasing property for both a new owner and current tenants.


Location: 13238 Maclay Street is located in Sylmar, a central San Fernando Valley location in the city of Los Angeles. The property is located just east of Glenoaks Boulevard and west of Foothill Boulevard, in between North Maclay Avenue and Hubbard Street.

 

The 13000 block of Maclay Street is two blocks from the historic San Fernando Road. The immediate vicinity consists of apartment buildings and single-family homes with an abundance of shopping and easy to access to public transportation. In addition, the property is only minutes from El Cariso Community Park, Whiteman Airport and Hansen Damn Golf Course, making it an ideal location for tenants to live.

 

The property is centered between three major freeways, the 210 Foothill Freeway to the west, 5 San Diego Freeway to the east and the 118 Ronald Reagan Freeway to the south.