Back to Search
13987 Foothill Blvd
For Sale $1,575,000 ($233.78 per Sq Ft)
$1,575,000 ($233.78 per Sq Ft)
- 10 Units
- 6,737 Sq Ft
- 23,318 Sq Ft
- Unknown Cap Rate
Description
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.
Loading map...
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,575,000 |
| Property Type | Multi-Family |
| Usable Sqft | 6,737 |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1961 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 2504020018 |
| MLS # | 26834941 |
| Property ID | 292425119 |
| Lot Sqft | 23,318 |
| Zoning | LAR3 |
| Total Units | 10 |
| Days on Market | 56 |
| Original List Price | $1,800,000 |
| Date Updated | June 09, 2026 |
| Date Created | May 15, 2026 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 2 | 1.00 | $1,662 | $2,200 |
| Unit #2 | 1 | 1.00 | $1,263 | $15,255 |
| Gross Income (Yr) | $ 157,117 |
| Operating Expenses | $ 79,944 |
| Net Income (Yr) | $ 77,173 |
| Cap Rate | 4.90% |
Listing Provided By
Jeffrey Louks an agent of . Lic #00908473
© 2026 CARETS and TheMLS. All rights reserved. Based on information from CARETS as of June 09, 2026 The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Robert Crawford
REAL ESTATE AGENT