Property
Listing Agent: Jeffrey Louks (DRE #00908473) · Listing Office: Marcus & Millichap · Contact: 818-212-2700 · Bought with: Andreas Kramer · Compass · MLS #26834941 · Source: CRMLS
13987 Foothill Boulevard sold for $1,430,000 in August 2026, 9.2% under its $1,575,000 list price, after 87 days on the market. It was first listed at $1,800,000. That works out to $212 per square foot on 6,737 square feet. Across 246 closed sales in 91342 over the last 12 months, the median sold price is $717,500 and the median is $457 per square foot, 116% above this sale's $212.
| Quarter | Closed sales in 91342 | Median sold price |
|---|---|---|
| Q1 2026 | 31 | $800,000 |
| Q2 2026 | 99 | $730,000 |
| Q3 2026 | 95 | $710,000 |
| Q4 2026 | 21 | $594,900 |
Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Sylmar · Homes for sale in 91342
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 description from the August 2026 sale, as reported to CRMLS.
Closed sales reported in 91342, nearest first, last 12 months. All recent sales in Sylmar →