12600 Correnti Street, Pacoima, CA 91331 (MLS # 26866525)

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PRICE $3,150,000 dsIDX morgage calculator
BEDS 13
BATHS 14
HOME SIZE 5,334 sqft
LOT SIZE 9,000 sqft

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 2.5M assumable loan (requiring only ~17% down) at an incredibly low rate of 3.9% fixed through 09/01/2027 yielding a remarkable 15.7% cash-on-cash return. Preliminary plans to add 20 new market-rate units to achieve an unheard of 14.3% Cap Rate, 5.6 GRM, and only 141k/unit after taking into account all the construction costs (~1.7M assuming $250/SF). The project is anticipated to deliver over $2.7MM in net profit after all construction and resale costs, yielding an exceptional 125.9% 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.

DAYS ON MARKET 2 LAST UPDATED 7/30/2026
YEAR BUILT 0 COMMUNITY PAC - Pacoima
COUNTY Los Angeles STATUS Active
PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AIR Wall/Window Unit(s)
AIR CONDITIONING Yes
AREA PAC - Pacoima
HEAT Wall Furnace
LOT 8999 sq ft
LOT DIMENSIONS 9001
PARKING Gated
STORIES 2
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed with Houze Real Estate Management

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