12 days on rocket

14375 Polk St, Sylmar, CA, 91342

$4,580,000

33 Bedrooms
25 Baths
15,848 SqFt
$289/SqFt
House
Schools Nearby

Location

Image provided by Mapbox

Property Highlights

Home TypeOther
ParkingCovered
Year Built1964
MLS #24384961
Lot Size0.45 Acres
StatusActive

About 14375 Polk St

We are proud to present 14375 Polk St., a 23-unit apartment building located in Sylmar. Built in 1964, the subject property sits on a 19,797 square foot lot and offers a mix of unit types, including 13 one-bedroom/one-bathroom units, 7 two-bedroom/one-bathroom units, and 3 two-bedroom/two-bathroom units, totaling 15,848 square feet. Recent capital improvements made to the property include seismic retrot work, a repaired roof, and interior renovations to select units that include new counter-tops, cabinets, and sinks in the kitchen, new vinyl / carpet, and ooring, along with re-glazed bathtubs and new tile. The 23 apartment units bring in a combined $32,153 of rent per month, or $385,832 per year. A recent rent survey suggests full market-rent potential at $41,715 per month, or $500,580 per year, presenting an investor with approximately 30% upside potential. The property is secured by a gated, on-grade parking lot as well as a gated front entryway to the courtyard. Tenants enjoy on-site laundry, which creates $3,000 of additional income to the owner annually.The property is also being offered with an attractive assumable loan from Chase Bank with a $1,950,000 assumable balance at a 3.73% interest rate x ed through May 2027. Sylmar, located approximately 25 miles northwest of Downtown Los Angeles, is a picturesque neighborhood renowned for its cultural diversity, stunning mountain vistas, and historic olive trees. Residents enjoy easy access to amenities such as the Nethercutt Museum and Los Angeles Mission College. Outdoor enthusiasts appreciate the abundance of recreational options, including nearby parks like Veterans Memorial Community Regional Park and Hansen Dam Recreation Area. With convenient access to major freeways (5, 210, and 405) and public transportation options like Metrolink's Antelope Valley Line and the Van Nuys Station, commuting from Sylmar is hassle-free. Additionally, the property's proximity to Bob Hope Airport (10.2 miles) and Los Angeles International Airport (29.7 miles) further enhances its appeal. Another one of the property's key highlights is its proximity to several educational institutions and recreational facilities. The subject property is located just steps from Sylmar Elementary, Olive Vista Middle School, Sylmar High, and Sylmar Park, making it an ideal home for families with kids of all ages.

Property Details

Property Features

Property Information:

  • Year Built: 1964
  • Stories: 0
  • Living Area: 15,848 SqFt

Listing Office:

  • Office Name: Marcus & Millichap
  • Office Phone: (818) 212-2700
  • Listing Agent: Filip Niculete

Interior Features

Bedroom and Bathroom Information:

  • Total Bedroom Count: 33

Exterior Features

Parking Information:

  • Parking: Covered

Lot Features

Lot Information:

  • Lot Size: 0.45 Acres

School Info

Assigned Schools Information:

  • Sylmar Senior High School, Public Magnet Grades 9-12
  • Cesar E. Chavez Learning Acads-Soc Just Humanitas Academy, Public District Grades 9-12
  • Cesar E. Chavez Learning Academies-Arts, Theatre, Entertatinment, Public District Grades 9-12
  • Olive Vista Middle School, Public District Grades 6-8
  • Studio, Public District Grades 6-8
  • Sylmar Elementary School, Public District Grades KG-5
  • Academy For Enriched Sciences, Public Magnet Grades 1-5
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6

Other

Directions Information:

  • Directions: Polk & Borden

Price Information

Listing Price Info

Price Summary:

  • List Price: $4,580,000
  • Price Per SqFt: $289/SqFt

Tax Information:

  • Annual Amount: $41,192
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

Map thumbnail provided by MapBox

Los Angeles, CA

City

Med. Sold Price

$986.4K

Med. Price/SqFt

$631

Avg. Days On Market

34

# of Sold Homes

1534

14375 Polk St vs Los Angeles

12 DAYS ON ROCKET

-22 Days

$4,580,000

+$3.5M More

$289/SqFt

-$343 Less

KEY TAKEAWAY

This property is $3.5M more than the Median Sold Price and $343/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24384961

Listing Office:

  • Office Name: Marcus & Millichap
  • Office Phone: (818) 212-2700
  • Listing Agent: Filip Niculete

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/8/2024, 7:20:40 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Dec 30, 2015Home Sold
$3,000,000

Tax History

YEARPROP. TAXASSESSMENT
2021$41,192$3,290,185
2020$40,003$3,247,294
2019$39,684$3,183,623
2018$38,803$3,121,200
2017$38,803$3,060,000

History based on county public records data.

Payment Calculator

$22.9K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$13.7K

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-8875425
4
/10

  • Sylmar Elementary School

  • 13291 Phillippi Ave

  • 0.10 miles

  • Public District Grades KG-5

school-card-donut-8875426
9
/10

  • Academy For Enriched Sciences

  • 6170 Lockhurst Dr

  • 14.46 miles

  • Public Magnet Grades 1-5

school-card-donut-8875427
8
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 16.69 miles

  • Public Magnet Grades KG-6

Middle School

school-card-donut-8875428
6
/10

  • Olive Vista Middle School

  • 14600 Tyler St

  • 0.24 miles

  • Public District Grades 6-8

school-card-donut-8875429
4
/10

  • Studio

  • 2211 W Avenue 30

  • 18.64 miles

  • Public District Grades 6-8

High School

school-card-donut-8875430
4
/10

  • Sylmar Senior High School

  • 13050 Borden Ave

  • 0.33 miles

  • Public Magnet Grades 9-12

school-card-donut-8875431
4
/10

  • Cesar E. Chavez Learning Acads-Soc Just Humanitas Academy

  • 1001 Arroyo St

  • 2.13 miles

  • Public District Grades 9-12

school-card-donut-8875432
4
/10

  • Cesar E. Chavez Learning Academies-Arts, Theatre, Entertatinment

  • 1001 Arroyo St

  • 2.13 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $48,214. Residents of Los Angeles, CA typically earn between $35k-100k each year. The most common type of family is married, with kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 14375 Polk St

What is the listing price of this property?

The listing price of 14375 Polk St property is $4,580,000.

What type of property is this?

The property 14375 Polk St is a house located in Sylmar, California, 91342.

Is this property for sale now?

Active Listing: 14375 Polk St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 14375 Polk St are:
Sylmar Elementary School: GreatSchools Rating 4/10
Academy For Enriched Sciences: GreatSchools Rating 9/10
Melrose Avenue Elementary School: GreatSchools Rating 8/10
Olive Vista Middle School: GreatSchools Rating 6/10
Studio: GreatSchools Rating 4/10
Sylmar Senior High School: GreatSchools Rating 4/10
Cesar E. Chavez Learning Acads-Soc Just Humanitas Academy: GreatSchools Rating 4/10
Cesar E. Chavez Learning Academies-Arts, Theatre, Entertatinment: GreatSchools Rating 4/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $41,192 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on December 30, 2015 for $3,000,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 14375 Polk St has 33 bedrooms and 25 bathrooms.

What is the square footage of this property?

The property 14375 Polk St is 15,848 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 14375 Polk St is 1964.
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Rocket Homes›California›Los Angeles County›Los Angeles›91342›14375 Polk St

This home is located at 14375 Polk St in Sylmar, CA and zip code 91342 in the Sylmar neighborhood. This 15,848 square foot home, which was built in 1964, sits on a 0.45 acre lot. Features: 33 bedrooms, 25 bathrooms. It has been listed on Rocket Homes since April 26, 2024 and is currently priced at $4,580,000.

In April 2024, from all listings sold in Los Angeles, CA there were more than 701 sold above asking price, over 629 sold below and more than 204 were sold right at the asked price. The number of listings in Los Angeles, CA increased by 14.9% between March 2024 and April 2024. While the average time on the market in April 2024 was 34 days, the median list price was $986,427.

From Rocket Homes Real Estate and based on county public records data.

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