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$3,075,000
 $16,507 est/mo Sourced by Back At You

12600 Correnti Street,Pacoima, CA 91331

Pacoima, CA 91331

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Description

PRICE REDUCTION! 14 Existing Renovated units + plans for 20 new market-rate units cash flowing at an amazing Current Cap Rate of 8% from day 1! Attractive 2.48M assumable loan (requiring only ~19% down) at an incredibly low rate of 3.98% fixed through 09/01/2027 yielding a remarkable 16.2% cash-on-cash return. Preliminary plans to add 20 new market-rate units to achieve an unheard of 13.9% Cap Rate, 5.52 GRM, and only 139k/unit after taking into account all the construction costs (~1.67M assuming $250/SF). The project is anticipated to deliver over $3.2MM in net profit after all construction and resale costs, yielding an exceptional 146.52% 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.

Details

MLS #26866525
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site56
Listing Provided ByHouze Real Estate Management | Kelly Morgan

Features

Bed(s)13
Bath(s)14
SQ Feet5,334
Story(s)2
Units14
Building(s)1
Acreage0.21

Interior

CoolingWall Window Units
HeatingWall Furnace
Heating Yes / NoYes
Cooling Yes / NoYes

Parking

Parking FeaturesGated, Uncovered

Area Information

StateCA
CountyLos Angeles
CityPacoima
Zip Code91331
AreaPAC Pacoima
Listing VS Median (in 91331)
Price:
$3,075,000
low | high
Med:
$720,000
100% of Average
sqft:
5,334
low | high
Med:
1,500
100% of Average
$ / sqft:
$576
low | high
Med:
$480
66.73756097561% of Average
On site:
56
low | high
Med:
92
60.869565217391% of Average
Sourced by Back At You

Market Activity 91331

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Learn More About This Property

Desert Lifestyle Properties

Desert Lifestyle Properties

 (760) 818-7518info@desertlifestyleproperties.com
StateCA
CountyLos Angeles
CityPacoima
Zip Code91331
AreaPAC Pacoima
Listing VS Median (in 91331)
Price:
$3,075,000
low | high
Med:
$720,000
100% of Average
sqft:
5,334
low | high
Med:
1,500
100% of Average
$ / sqft:
$576
low | high
Med:
$480
66.73756097561% of Average
On site:
56
low | high
Med:
92
60.869565217391% of Average
Sourced by Back At You
Listing Updated: September 1, 2026 at 8:18:07 AM PDT
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