14700 Hubbard Street

Sylmar, CA 91342

$1,175,000
Last Sold Price
13
Beds
7
Baths
6,452 Sq. Ft.
$182 / Sq. Ft.
6,452
Sq. Ft.
$182
per Sq. Ft.

Description

See marketing package in docs. Major Value Add Opportunity. Approximately 109% rental upside. Priced at under $210 per square foot. 14700 Hubbard Street is a seven (7) unit apartment building constructed in 1955. The unit mix consists of one (1) 1bed+1bath unit and six (6) 2bed+1bath units. The property is a two-story, 6,452 square foot garden-style walk-up building with frame and stucco construction situated on a 10,243 square foot lot. All the units have large open floor plans that provide an investor...See marketing package in docs. Major Value Add Opportunity. Approximately 109% rental upside. Priced at under $210 per square foot. 14700 Hubbard Street is a seven (7) unit apartment building constructed in 1955. The unit mix consists of one (1) 1bed+1bath unit and six (6) 2bed+1bath units. The property is a two-story, 6,452 square foot garden-style walk-up building with frame and stucco construction situated on a 10,243 square foot lot. All the units have large open floor plans that provide an investor the opportunity to complete their own renovation plan and significantly increase rents. Unit features include large bedrooms, spacious living room areas, separate dining areas adjacent to the kitchens, and ample storage and closet space. Some of the units have updated laminate flooring in the living areas and stainless appliances in the kitchens. Downstairs units feature front patios and upstairs units feature large balconies. All units have individual hot water heaters. The utility costs at the property are uniquely low as units are separately metered for water and sewer, in addition to the standard separately metered gas and electricity. The landlord does pay for trash. Parking is provided onsite with seven (7) spaces, including six (6) tuck-under spaces. The property is also surrounded by ample street parking, which could allow an investor to consider converting a portion the tuck-under parking area into accessory dwelling units. The laundry room adjacent to the parking area is not currently in use but an investor can re-open if desired. The soft story retrofit requirement has also been completed at the property.
  1. Listed by Josh Kaplan • DRE #01934177 • Brokerage DRE #01026368 • Transwestern Property Company West, Inc.

Property Details for 14700 Hubbard Street

Zoning
LAR3
Parcel Number
2612013005
Total Units
7.0
Living Area
6452
Source Living Area
Vendor Enhanced
Area
Sylmar (SYL)
Vacancy Rate
0%
Lot Size Area
10243

Location

Listing Courtesy of Transwestern Property Company West, Inc., Josh Kaplan, DRE #01934177

Sold By Transwestern Property Company West, Inc., Josh Kaplan, DRE #01934177

Add your commute
LISTING UPDATED: 09/06/2023 02:15 PM

Property Details for 14700 Hubbard Street

StatusSold
MLS #23-272741
Days on Market44
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1955
Lot Size0.24 AC / 10,243 SF
CountyLos Angeles County

Location

Listing Courtesy of Transwestern Property Company West, Inc., Josh Kaplan, DRE #01934177

Sold By Transwestern Property Company West, Inc., Josh Kaplan, DRE #01934177

Add your commute

Building Information for 14700 Hubbard Street

Stories2Residences-Year Built1955Building Size-Lot Size0.24 AC / 10,243 SF

Payment Calculator

$6,874 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,412

Property Taxes

$462

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 14700 Hubbard Street

Community / Development
Community / Development
  • Number Of Units: 7
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Multifamily
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $89,430
  • Net Operating Income: $54,434.00
  • Gross Income: $89,430
  • Cap Rate: 4.03%
  • Gross Rent Multiplier: $14.60
  • Total Annual Expense: 34997
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2351
  • Lot Size Square Feet: 10243
Parking Details
Parking Details
  • Parking Garage: Carport Attached
  • Total Parking: 7
  • Parking Features: Attached Carport
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-22-2023
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $873.00
  • Unit Actual Rent: $873.00
  • Unit Projected Rent: $1,975.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,135.00
  • Unit Actual Rent: $6,810.00
  • Unit Projected Rent: $2,350.00
  • Like Units: 6
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $253,157.00
  • Assessed Improvement Percent: 73.49
  • Assessed Land Value: $91,328.00
  • Assessed Land Percent: 26.51
  • Assessed Total Value: $344,485.00

Property History for 14700 Hubbard Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 14700 Hubbard Street

Taxable ValueLand$93,154Additions$260,320Total$353,474
Tax Record2023$5,547 ($462 / month)
Home Facts
Total Finished SqFt6,452 SqFtAbove Grade Finished SqFt6,452 SqFtLot Size10,243 SqFtStyleMulti-Family Res (5+ Units)Year Built1955ZoningLAR3CountyLOS ANGELESAPN2612-013-005

Schools near 14700 Hubbard Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Osceola Street Elementary School
PublicK to 5

San Fernando Middle School
Public6 to 8

Valley Academy Of Arts And Sciences
Public9 to 12

Northridge Academy High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Transwestern Property Company West, Inc., Josh Kaplan, DRE #01934177

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided 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 CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.