Desert Lifestyle Properties Logo
$3,075,000
 $16,507 est/mo Sourced by Back At You

12602 Correnti Street,Pacoima, CA 91331

Pacoima, CA 91331

Share:

PreviousNext

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 #26866533
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site58
Listing Provided ByHouze Real Estate Management | Kelly Morgan

Features

Zoning[Q]C2-1VL-CUGU
Acreage0.21
Property ViewNone

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
On site:
58
low | high
Med:
286
20.27972027972% of Average
Sourced by Back At You

Market Activity 91331

Request a showing

Request a showing

Contact

Additional Information

Showing Information

Submit Form

Required Field
By submitting, you agree to receive promotional texts and/or calls from Desert Lifestyle Properties at the number provided. Message/data rates may apply. Consent is not a condition of purchase, and you can opt out anytime by replying STOP.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

Contact

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
On site:
58
low | high
Med:
286
20.27972027972% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $2.36M - $3.843M
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
12600 Correnti Street Property Photo 1
$3,075,000
12600 Correnti Street
Pacoima, CA 91331
10004 San Fernando Road Property Photo 1
$1,175,000
10004 San Fernando Road
Pacoima, CA 91331
10004 San Fernando Road Property Photo 1
$1,175,000
10004 San Fernando Road
Pacoima, CA 91331
Listing Updated: September 1, 2026 at 8:18:07 AM PDT
Real Estate Links Our Domains