10028 San Fernando Road, Pacoima, CA 91331
  • MLS#: 25568133 ( )
  • Street Address: 10028 San Fernando Road
  • Viewed: 6
  • Price: $3,700,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: Not Available
  • Bldg sqft: 0
  • Days On Market: 98
  • Additional Information
  • County: LOS ANGELES
  • City: Pacoima
  • Zipcode: 91331
  • Provided by: Global Platinum Properties, Inc.
  • Contact: Julio Julio
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Huge 500k Price Reduction! 14 existing Renovated units + plans for 20 new units cash flowing at an amazing current Cap Rate of 7% from day 1. Attractive 2.6M assumable loan at an incredibly low rate of 3.9% fixed through 09/01/2027 yielding a remarkable 10% cash on cash return. Preliminary plans to add 20 new units to achieve an unheard of 12.7% Cap Rate, 6.2 GRM, and only 159k/unit after taking into account all the construction costs (~1.7M assuming $250/SF). The plans call for 8 detached ADUs in the back + 5 attached ADUs in the front + 7 new units 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.
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Features
Country
  1. US
Parcel Number
  1. 2537012024
View
  1. None
Zoning
  1. LAC2