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$3,700,000
38 Days On Site
10028 San Fernando Road 34Pacoima, CA 91331
For Sale|Land|Active
County:
Los Angeles
Listed by Julio Ruiz of Global Platinum Properties, Inc. [email protected]
Call Now: (714) 536-5377
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(714) 536-5377
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Huge 500k Price Reduction! 14 existing Renovated units + plans for 20 new units cash flowing at an amazing current Cap Rate of 7% from day 1. Attractive 2.6M assumable loan at an incredibly low rate of 3.9% fixed through 09/01/2027 yielding a remarkable 10% cash-on-cash return. Preliminary plans to add 20 new units to achieve an unheard of 12.7% Cap Rate, 6.2 GRM, and only 159k/unit after taking into account all the construction costs (~1.7M assuming $250/SF). The plans call for 8 detached ADUs in the back + 5 attached ADUs in the front + 7 new units in the front for a total of 20 new units. The 14 existing units have undergone many capital improvements including updated roof, electrical, plumbing, windows, interiors, exteriors, etc.
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Listing Snapshot
Price
$3,700,000
Days On Site
38 Days
Bedrooms
N/A
Inside Area (SqFt)
N/A
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.2067 Acres
Year Built
N/A
MLS® Number
25568133
Status
Active
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| 2 days ago | Listing updated with changes from the MLS® | |
| 7 days ago | Price changed to $3,700,000 | |
| a month ago | Listing first seen on site |
General Features
Acres
0.2067
Special Circumstances
Standard
Zoning
LAC2
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Exterior Features
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Community Features
MLS Area
PAC - Pacoima
This information 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. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Neighborhood & Commute
Source: Walkscore
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