11767 Peoria Street

Sun Valley, CA 91352
$2,150,000
0.81 acres | #SR24119937
Courtesy of Pinnacle Estate Properties, Inc.

Description

Income producing GEM in Sun Valley with tons of other potential! Property is very deceiving from the exterior frontage but once you enter via the automatic gate you will understand the uniqueness of this 35,460 sqft lot. Property is completely gated with well manicured yards offering tons of charm. There are 4 original dwellings plus 3 garage conversions & additions creating the 7 units that are currently leased for an income of $14,000 per month. In addition at the rear of the lot you will find approx. 9,000 sqft open space area, ideal for car & boat storage or RV parking. This area is perfect for a car collector or just someone with a hobby that requires an open-air outdoor space. LAR-1 zoning with non-confirming lot with 4 residences on the property that have been "Grandfathered In". Garage conversations as well as the additions are legally permitted with C of O's with exception of the gas line to the stoves. Each unit offers off-street parking behind the gated community. There is also a bonus room with 3/4 bathroom and an office room with 3/4 bathroom, currently being used by the Seller for personal use. These rooms can also bring in extra income in the future.There may also be possibilities for a 6 parcel subdivision, Buyer to further investigate future land improvements or requirements. 100% leased!
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  • Property Details
      • View:Neighborhood
      • Stories:1
      • Lot description:NearPublicTransit
      • Acres:0.814
      • Parking spaces:2
      • Property type:Multi-Family
      • Year built:1952
      • Foundation:Combination
      • Sewer information:PublicSewer
      • Utility source:Public
      • County:Los Angeles
      • Original List Price:$2, 299, 000
      • MLS #:SR24119937
      • Cost:2150000
      • Property subtype:Quadruplex
      • MLS #:SR24119937

Location

The Alcantara GroupReal Estate Group
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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