15050 Polk Street 15052 Polk St, Sylmar, California 91342

$849,995

Bedrooms

5

Bathrooms

3

Square Feet

2,000 sqft

City

Sylmar

Status

Active

Rare Sylmar legal duplex on an expansive 0.29 acre lot featuring two separately addressed units totaling approximately 2,000 square feet of combined living space. Unit 15050 offers an estimated 3 bedrooms and 2 bathrooms. Unit 15052 offers an estimated 2 bedrooms and 1 bathroom. Both units feature private entrances, dedicated parking, and separate outdoor space. The oversized lot is highlighted by mature fruit trees adding natural character and charm to this exceptional income property. Estimated gross rental income of $3,700 to $4,300 per month making this an outstanding opportunity for owner-occupants, full investors, and multi-generational families seeking a dual-income asset in the San Fernando Valley. The owner-occupant play is compelling: move into one unit, lease the other, and let the rental income offset a substantial portion of your monthly carrying costs. For the pure investor, the numbers reflect strong market fundamentals with an estimated cap rate of 4.5 to 5.5 percent and a gross rent multiplier of 13 to 16x based on current comparable Sylmar rental data. ADU potential on this generously sized lot provides meaningful long-term value-add upside, buyer to verify with City of Los Angeles Department of City Planning and Department of Building and Safety. FHA financing eligible with as little as 3.5 percent down for qualifying owner-occupants, significantly broadening the buyer pool beyond conventional cash or institutional investors. The property is situated minutes from the I-5, 210, and 118 freeways via Roxford Street, providing exceptional commuter access throughout the greater Los Angeles and San Fernando Valley markets. Nearby amenities include Olive View-UCLA Medical Center, El Cariso Regional Park, Veterans Memorial Community Regional Park, and Metrolink Antelope Valley Line, all of which contribute to strong structural tenant demand independent of seasonal market cycles. Only 7 active multi-family listings currently available in the 91342 zip code. Clean duplex inventory at this lot size is exceptionally rare on the Polk Street corridor.