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$825,000
4 Beds ⋅ 3 Baths ⋅ SR26191774 MLS ⋅ Active Status
Welcome to 11848 Chadron Avenue, a versatile Pacoima property offering a main residence plus a permitted ADU, providing excellent flexibility for extended living arrangements, rental potential, or additional space. The main home features 3 bedrooms and 2 bathrooms, offering a practical layout with plenty of room to accommodate a variety of needs. The property also includes a permitted ADU built in 2021, featuring 1 bedroom and 1 bathroom, along with its own separate meters for electricity, gas, and trash. The ADU also offers a small private patio, making it an excellent option for additional living space, guests, or rental income. Recent improvements add further value to the property, including new electrical wiring throughout the main house and a new 400-amp electrical panel. The exterior has also been upgraded with new concrete throughout, creating a clean and refreshed outdoor setting. Conveniently located near shopping, dining, schools, parks, and major transportation routes, this property presents an excellent opportunity for homeowners and investors alike. Don’t miss the chance to own a property with a permitted ADU, separate utilities, substantial electrical upgrades, and updated exterior improvements in Pacoima.

11848 Chadron, Pacoima
$3,075,000
13 Beds ⋅ 14 Baths ⋅ 26866525 MLS ⋅ Active Status
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.

12600 Correnti Street, Pacoima

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.