13987 Foothill Boulevard, Sylmar, CA 91342

• 11 beds |
• 10 baths |
• 6,737 sqft

Property Description

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.

Listing Status:

Active

Date Added:

May 15, 2026

Data Last Updated:

May 20, 2026 at 1:16PM

Listing Office:

Marcus & Millichap : 818-212-2700

Listing Agent:

Jeffrey Louks : 818-212-2780

MLS ID:

26834941

Interior

• Appliances: Microwave
• A/C: Wall/Window Unit(s)
• Heating: Wall Furnace

Exterior

• Pool: In Ground
• Parking: AssignedParking spaces: 24

Construction

• General: 2

Location

• Originating MLS: CRMLS_CL
• County: Los Angeles

Lot

• Zoning: LAR32504020018

Financial

• Source: CRMLS_CL