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$3,150,000
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 2.5M 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.

12600 Correnti Street, Pacoima
$1,199,000
2 Beds ⋅ 2 Baths ⋅ SR26071072 MLS ⋅ Active Status
Incredible income-producing opportunity in Pacoima! This fully upgraded property features a beautifully remodeled front home (2 bed / 2 bath) completed in 2020, along with a brand-new 1,200 sqft ADU offering 3 bedrooms and 2 bathrooms with high ceilings, skylights, and modern finishes throughout. The property also includes a converted garage currently utilized as a third unit, generating additional rental income. Front House 10359 Telfair. ADU 10361. Both homes feature granite countertops, laminate flooring, stackable washer/dryer setups, and separate outdoor patio spaces. The ADU includes a 2-car attached garage with direct access. The entire property is secured with a wrought iron gate and offers ample concrete parking, storm drains, a new roof, and new AC units. Ideal for owner-occupants looking to offset their mortgage or investors seeking a strong cash-flowing asset. Currently configured to generate three rental incomes.

10359 Telfair, 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.