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Listed price in listed location currency (USD).
$3,300,000

131414

MLS® 26831629

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 5334 sqft
Garage 
Taxes 
Days Active 10
Lot Size 
Approx. Age 
Avg. Price Per Sqft $618
MLS® Number 26831629

Property Address: 12600 Correnti St, Pacoima, CA, 91331

Average square foot calculated using Size range provided by listing agent.

Description

14 Existing Renovated units + plans for 20 New market-rate units cash flowing at an amazing Current Cap Rate of 7.5% from day 1! Attractive 2.5M assumable loan (requiring only ~25% down) at an incredibly low rate of 3.9% fixed through 09/01/2027 yielding a remarkable 12.2% cash-on-cash return. Preliminary plans to add 20 new market-rate units to achieve an unheard of 13.9% Cap Rate, 5.7 GRM, and only 146k/unit after taking into account all the construction costs (~1.7M assuming $250/SF). The project is anticipated to deliver over $2.7M in net profit after all construction and resale costs, yielding an exceptional 117% return on levered equity. The plans call for 8 detached ADUs in the back + 5 attached ADUs in the front + 7 new units by right 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.
MLS® Number26831629
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age
Basement
DrivewayGated, Uncovered
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 8, 2026List Date
$3,300,000List Price
  • Commute

Commute

Starting Address
Destination Address
12600 Correnti St, Pacoima, CA

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