CA > Pacoima
Pacoima, CA 91331,10028 San Fernando RD
Pacoima, CA 91331,10028 San Fernando RD
Pacoima, CA 91331,10028 San Fernando RD
Pacoima, CA 91331,10028 San Fernando RD
Pacoima, CA 91331,10028 San Fernando RD
Pacoima, CA 91331,10028 San Fernando RD
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Randy Plaice

Randy Plaice

+1(818) 294-0414
$ 4,195,000
Est. payment | /mo

14 Beds

14 Baths

5,334 SqFt

Save
$ 4,195,000
Est. payment | /mo
Save

14 Beds

14 Baths

5,334 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,334 sqft

Price per Sqft $786

MLS Listing ID 25519955

Bedrooms 14

HOA Y/N No

Year Built 1950

Lot Size 9,003 Sqft

Property Description

14 Renovated units cash flowing at an amazing current Cap Rate of 6% from day 1. Attractive 2.6M assumable loan at an incredibly low rate of 3.9% fixed through 09/01/2027. Preliminary plans to add 20 new units to achieve an unheard 11.5% Cap Rate, 6.8 GRM, and only 173k/unit after taking into account all the construction costs (~1.7M assuming $250/SF). The preliminary 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.

Location

State CA

County Los Angeles

Area Pac - Pacoima

Zoning LAC2

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Appliance Microwave

Exterior

Parking Features Gated, Unassigned

Total Parking Spaces 14

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 2537012024

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Armin Soleimani • Global Platinum Properties, Inc.
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(818) 294-0414

randy@randyplaice.com

25101 The Old Road Suite 240, Ranch, Ca, 91381, United States

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10028 San Fernando RD