The median home value in Sylmar, CA is $725,000.
This is
lower than
the county median home value of $790,000.
The national median home value is $308,980.
The average price of homes sold in Sylmar, CA is $725,000.
Approximately 45.51% of Sylmar homes are owned,
compared to 47.38% rented, while
5.3% are vacant.
Sylmar real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
If you like to see a property, contact Sylmar real estate agent to arrange a tour today! Learn more about Sylmar.
We are excited to present 14008 Foothill Blvd, a 100% affordable development project in Sylmar, California. The 21,549 square foot (0.49 acres) site, zoned R3-1 does not currently hold any entitlements or permits which allows a developer many options. If going the 100% affordable route, a developer has the option to build unlimited units on the lot. Our analysis for 100% affordable development shows a 4-story apartment building over 1 level of on-grade parking and features a great unit mix 1 and 2 bedroom units. There is the opportunity to build even more by constructing 6+ floors and scrapping the parking. Being an ED1 eligible site allows an expedited approval process for 100% affordable developments which enables project approval within months. Current improvements include an occupied duplex on a month-to-month basis paying $3,775 per month. This allows a buyer to obtain a loan while working to get their entitlements and permits in place.This development site benefits from strategic positioning within Sylmar, CA. Boasting proximity to essential amenities, including schools, shopping centers, and recreational facilities, the site offers residents convenient access to daily necessities and leisure pursuits. Additionally, its favorable locale within the greater Los Angeles area ensures connectivity to major transportation routes, enhancing accessibility for residents commuting to neighboring districts. Such attributes underscore the desirability and viability of this investment opportunity within a burgeoning market for affordable housing. Moreover, the site's surroundings encompass a burgeoning community characterized by ongoing urban development and economic growth initiatives. As part of a dynamic neighborhood fabric, this investment holds promise for contributing to the local socio-economic landscape while addressing the pressing need for affordable housing solutions. In summary, this development site presents a compelling proposition for investors seeking to engage in socially impactful ventures within a burgeoning real estate market.
The sale includes two lots on the same lot. They are contiguous and are approximately identical in size. Drive by and view. Great potential with incredible views from this lot in an up and coming area. Many existing homes are in the area, so the community is only going to improve. Dexter Park is 0.2 miles away, Hansen Dam Golf Course is ten minute drive and very near the 210, 118, 110 and 405 freeway access is excellent. The shopping is very close and the Kagel Canyon experience includes horseback riding, hiking and outdoor sports.
