Mike Watson, Realtor

Mike Watson

Call or Text(661) 733-2196
ActiveSingleFamilyResidence

11020 Herrick Avenue

Pacoima, CA, 91331

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$1,350,000

MLS: 26643087

Beds

6

Baths

7

Sq Ft

2,800

Lot

0.19 ac

Year Built

1951

MLS #

26643087

Days on Market

23

Listed

Jan 26, 2026

Description

Turnkey Income Property in the Heart of Pacoima Live in One and Collect Rent! Fantastic opportunity to own a versatile income-producing property in the heart of Pacoima, close to all amenities. The main house features 3 bedrooms and 3 bathrooms and is currently rented, generating $3,800 per month in steady income. Just completed, the property includes a brand-new back house (ADU) with 3 bedrooms and 3 bathrooms and modern finishes, along with a separate newly built recreation room. There may be potential to utilize SB9 to further improve the lot and possibly convert the recreation room into an additional income-producing unit; buyer to verify all uses, permits, and zoning with the City of Los Angeles. This layout offers income potential while maintaining excellent owner-occupant flexibility. Situated on a wide street in a great area, the property includes a gated side yard with separate gated access for the main house and the back house/recreation area, enhancing privacy and providing ample space for parking. Perfect for an investor or owner-user. Enjoy a brand-new home while collecting rental income in a prime Pacoima location close to shopping, dining, schools, and transportation. A must-see property with strong upside. Also for lease $4500 for ADU. Section 8 Welcome!

Location

Pacoima, Los Angeles County, CA 91331

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Listed by: F Eslamieh · Realty E Group, Inc

Payment estimate

$9,678

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $135,000 · Loan: $1,215,000

%
Principal & Interest
$7,465
Property tax (1.25%)
$1,406
Homeowners insurance
$300
Mortgage insurance
$506
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Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.

Today's Rates

As of Apr 23, 2026

30-year fixed
6.23%
15-year fixed
5.58%

Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.

Financing Options

FHA Financing — 3.5% Down

First-time and repeat buyers can purchase this Pacoima home with as little as 3.5% down using an FHA loan — roughly $47,250 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.

Local Market Stats

See Pacoima, CA 91331 market trends →

Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.

#1 Producing Individual Realtor — Antelope Valley

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