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.
Property Type(s):
Residential Income
|
Last Updated
|
5/15/2026
|
Year Built
|
1961
|
|
Community
|
SYL - Sylmar
|
County
|
Los Angeles
|
Additional Details
| AIR |
Wall/Window Unit(s) |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Microwave |
| AREA |
SYL - Sylmar |
| HEAT |
Wall Furnace |
| LOT |
0.5353 acre(s) |
| LOT DIMENSIONS |
23318 |
| PARKING |
Assigned |
| POOL DESCRIPTION |
In Ground |
| STORIES |
2 |
Location
Listed with Marcus & Millichap
Based on information from CRMLS as of 5/23/26 4:26 AM PDT. The information being provided by CRMLS 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, 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 CRMLS. 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.
This IDX solution is (c) Diverse Solutions 2026.
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