Foothill Vista | 13266 Foothill Blvd
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Foothill Vista 13266 Foothill Blvd
28 Unit Apartment Building $7,600,000 ($271,429/Unit) 5.69% Cap Rate Sylmar, CA 91342
Investment Highlights
- Rare Opportunity to Acquire a Well-Maintained, 28-Unit Property in Sylmar
- Attractive Unit Mix Featuring One-Bedroom and Two-Bedroom Units — Average Unit Size of ±1,010 Square Feet
- Potential for Rental Upside – Strong Rental Income with the Opportunity to Achieve an Additional 15% in Rental Income
- ±28,285 SF Building Sitting on a ±23,921 SF Lot
- 75% of the Units Have Already Been Renovated
- Gated Community with Controlled Access, Secured Covered and Surface Parking, Laundry Facilities, Mature Lush Landscaping
Executive Summary
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 A/C 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
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 A/C 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
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$702,732
|
$24.84
|
| Other Income |
$4,800
|
$0.17
|
| Vacancy Loss |
$21,226
|
$0.75
|
| Effective Gross Income |
$686,306
|
$24.26
|
| Taxes |
$94,885
|
$3.35
|
| Operating Expenses |
$158,910
|
$5.62
|
| Total Expenses |
$253,795
|
$8.97
|
| Net Operating Income |
$432,511
|
$15.29
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $702,732 |
| Annual Per SF | $24.84 |
| Other Income | |
|---|---|
| Annual | $4,800 |
| Annual Per SF | $0.17 |
| Vacancy Loss | |
|---|---|
| Annual | $21,226 |
| Annual Per SF | $0.75 |
| Effective Gross Income | |
|---|---|
| Annual | $686,306 |
| Annual Per SF | $24.26 |
| Taxes | |
|---|---|
| Annual | $94,885 |
| Annual Per SF | $3.35 |
| Operating Expenses | |
|---|---|
| Annual | $158,910 |
| Annual Per SF | $5.62 |
| Total Expenses | |
|---|---|
| Annual | $253,795 |
| Annual Per SF | $8.97 |
| Net Operating Income | |
|---|---|
| Annual | $432,511 |
| Annual Per SF | $15.29 |
Property Facts
| Price | $7,600,000 | Apartment Style | Low Rise |
| Price Per Unit | $271,429 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.55 AC |
| Cap Rate | 5.69% | Building Size | 28,285 SF |
| Gross Rent Multiplier | 10.74 | Average Occupancy | 96% |
| No. Units | 28 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1985 |
| Property Subtype | Apartment | Parking Ratio | 1.66/1,000 SF |
| Price | $7,600,000 |
| Price Per Unit | $271,429 |
| Sale Type | Investment |
| Cap Rate | 5.69% |
| Gross Rent Multiplier | 10.74 |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.55 AC |
| Building Size | 28,285 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built | 1985 |
| Parking Ratio | 1.66/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Carpet
- Deck
- Dining Room
- Patio
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Property Manager on Site
- Gated
- Laundry Service
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $1,895 | 725 |
| 2+2 | 22 | $2,173 | 1,088 |
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PROPERTY TAXES
| Parcel Number | 2513-026-028 | Total Assessment | $7,746,818 |
| Land Assessment | $3,098,727 | Annual Taxes | $94,885 ($3.35/SF) |
| Improvements Assessment | $4,648,091 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
2513-026-028
Land Assessment
$3,098,727
Improvements Assessment
$4,648,091
Total Assessment
$7,746,818
Annual Taxes
$94,885 ($3.35/SF)
Tax Year
2024
zoning
| Zoning Code | R3-1, Los Angeles |
| R3-1, Los Angeles |
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Foothill Vista | 13266 Foothill Blvd
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