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14375 Polk St 24 Unit Apartment Building $4,200,000 ($175,000/Unit) 4.48% Cap Rate Sylmar, CA 91342
Investment Highlights
- 23 units built in 1964
- 24 parking spaces
- Strong value-add opportunity
- Unit mix: 13 one-bedroom/one-bath, 9 two-bedroom/one-bath, 2 two-bedroom/two-bath
- 32% rental upside
- Well-located Sylmar asset with steady tenant demand
Executive Summary
14375 Polk Street is a 23-unit multifamily investment opportunity located in Sylmar, CA. Built in 1964, the property features a desirable unit mix with strong in-place cash flow and meaningful value-add potential through rental upside. The asset is well-parked, offering 24 on-site parking spaces, and sits on a quiet residential street with solid tenant demand. Current rents are approximately 32% below market, creating a clear path to increased NOI.
Property Facts
| Price | $4,200,000 | Property Subtype | Apartment |
| Price Per Unit | $175,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 4.48% | Lot Size | 0.46 AC |
| Gross Rent Multiplier | 10.08 | Building Size | 15,848 SF |
| No. Units | 24 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1964 |
| Zoning | RD6 | ||
| Price | $4,200,000 |
| Price Per Unit | $175,000 |
| Sale Type | Investment |
| Cap Rate | 4.48% |
| Gross Rent Multiplier | 10.08 |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 15,848 SF |
| No. Stories | 2 |
| Year Built | 1964 |
| Zoning | RD6 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 13 | - | - |
| 2+1 | 9 | - | - |
| 2+2 | 2 | - | - |
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Property Taxes
| Parcel Number | 2504-015-010 | Improvements Assessment | $2,130,833 |
| Land Assessment | $1,420,552 | Total Assessment | $3,551,385 |
Property Taxes
Parcel Number
2504-015-010
Land Assessment
$1,420,552
Improvements Assessment
$2,130,833
Total Assessment
$3,551,385
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14375 Polk St
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