Foothill Vista Apartments

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Address: 13266 Foothill Blvd, Sylmar, CA 91342, USA

California & West + Apartment Buildings

Created date: January 7, 2025

Date last updated: January 7, 2025

Rare Opportunity to Acquire a Well-Maintained, 28-Unit Property in Sylmar
±28,285 SF Building Sitting on a ±23,921 SF Lot
Attractive Unit Mix Featuring One-Bedroom and Two-Bedroom Units — Average Unit Size of ±1,010 Square Feet
75% of the Units Have Already Been Renovated
Potential for Rental Upside – Strong Rental Income with the Opportunity to Achieve an Additional 11% in Rental Income
Gated Community with Controlled Access, Secured Covered and Surface Parking, Laundry Facilities, Mature Lush Landscaping, On-Site Management and Maintenance
Spacious Units with Stainless Steel Dishwashers, Electric Cooking Systems, Vinyl Wood Plank and Carpet Flooring, Central A/C and Heating Systems, Ceiling Fans, Vertical Blinds, Private Balconies and High Speed Internet Access
Close Proximity to the 210 Freeway, Sylmar High School, and a Vibrant Network of Shopping Centers, Restaurants, Retailers, and Parks – All Just a Short Distance Away
Ideally Located Within Southern California Offering Easy Access to the 210, 5, 110, 405 and 101 Freeways Connecting to All of Ventura County, Los Angeles County, San Bernardino County and Beyond
Convenient Access to Neighboring Cities: San Fernando, Granada Hills, Pacoima, Burbank, Northridge, and Mission Hills
Significant Local Landmarks Within a 25-Mile Radius Include: Downtown LA, Universal Studios Hollywood, Griffith Observatory, Burbank Airport, Cal State Northridge, and the Burbank Town Center

Property Description

CBRE, Inc., as exclusive advisor, is proud to offer a rare opportunity to acquire the Foothill Vista Apartments, a well-maintained 28-unit property located at the corner of Foothill Boulevard and Harding Street at 13266 Foothill Boulevard. This ±28,285 sq ft building sits on a ±23,921 sq ft lot, boasting excellent visibility and convenient access to the 210 Freeway. Nestled against the majestic backdrop of the Foothill Mountains, Foothill Vista Apartments is located in the suburban neighborhood of Sylmar, which is the northernmost city of Los Angeles at the edge of the San Fernando Valley. The property features mature lush landscaping, controlled access, laundry facilities, and a mix of covered and surface parking stalls along with a dedicated on-site management and maintenance team. The Foothill Vista Apartments boasts spacious units with stainless steel dishwashers, electric cooking systems, vinyl wood plank or carpet flooring, central AC and heating systems, ceiling fans, vertical blinds, private balconies and high speed Internet access.* Strategic Location, Diverse Market: Foothill Vista Apartments occupy a prime spot in Sylmar, offering access to a dynamic tenant pool. Neighboring cities like San Fernando, Mission Hills, Granada Hills, Pacoima, Burbank, and Northridge boast distinct demographics, ensuring a broad range of potential renters. This strategic positioning extends beyond Sylmar. Within a 25-mile radius, residents enjoy convenient access to major landmarks like Downtown LA, Universal Studios Hollywood, Griffith Observatory, Burbank Airport, Cal State Northridge, and the Burbank Town Center. This proximity to employment hubs, entertainment centers, and educational institutions translates to high renter demand and stable occupancy rates. Foothill Vista Apartments is in a prime location that ensures residents are surrounded by an abundance of shopping centers, restaurants, retailers, and parks, all just a short distance away. This is an attractive San Fernando Valley income-producing property and a great long-term investment. The property offers stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or those seeking a 1031 exchange opportunity. *Approximately 75% units have been renovated

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Key Property Information

Listing Status:	Available
Listing Type:	Highest & best offer
Property Types:	Apartment Buildings
Price:	$7,600,000
No. of Units:	28
Year Built:	1985
Building Size:	28,285 Sq ft
Lot Size:	23,921.00 Sq ft
No. of Stories:	3
Opportunity Zone:	No
Price per unit:	$271,429