Pacoima, CA 91331,10028 San Fernando Rd #34
Pacoima, CA 91331,10028 San Fernando Rd #34
Pacoima, CA 91331,10028 San Fernando Rd #34
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$3,550,000
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9,005 Sqft Lot
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Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 25597775

Lot Size 9,005 Sqft

Acres 0.2067

Property Description

Huge 650k Price Reduction! 14 existing Renovated units + plans for 20 new units cash flowing at an amazing current Cap Rate of 7.25% from day 1. Attractive 2.6M assumable loan at an incredibly low rate of 3.9% fixed through 09/01/2027 yielding a remarkable 11.3% cash-on-cash return. Preliminary plans to add 20 new units to achieve an unheard of 13.9% Cap Rate, 5.7 GRM, and only 149k/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.

Location

State CA

County Los Angeles

Area Pacoima

Zoning LAC2

Exterior

View Y/N No

View None

Others

Special Listing Condition Standard


Read Less Info
TheMLS (CLAW)
Listed by Global Platinum Properties, Inc.

Nearby Locations

SCHOOLS PROPERTIES
Elementary Schools 20
  • 8

    Vena Avenue Elementary

    Public | KG - 5

  • 8

    Brainard Elementary School

    Public | KG - 5

  • 7

    Valor Academy Charter

    Public | 5 - 8

  • 6

    O'Melveny Elementary School

    Public | PK - 5

  • 6

    Stonehurst Elementary School

    Public | PK - 5

  • 5

    Liggett Street Elementary School

    Public | KG - 5

  • 5

    Ranchito Avenue Elementary School

    Public | KG - 5

  • 5

    Morningside Elementary School

    Public | KG - 5

  • 5

    Sharp Avenue Elementary

    Public | KG - 5

  • 5

    Vaughn Next Century Learning Center

    Public | KG - 12

  • 5

    Montague Charter Academy

    Public | KG - 5

  • 5

    Strathern Elementary School

    Public | PK - 5

  • 5

    Roscoe Elementary

    Public | KG - 5

  • 4

    Chase Street Elementary

    Public | KG - 5

  • 4

    Canterbury Avenue Elementary School

    Public | KG - 5

  • 4

    Vista Del Valle Dual Language Academy

    Public | PK - 5

  • 4

    Pacoima Elementary

    Public | PK - 5

  • 4

    Broadous Elementary School

    Public | KG - 5

  • 4

    Arminta Elementary School

    Public | KG - 5

  • 3

    Bert Corona Charter

    Public | 5 - 8

Middle Schools 9
  • 6

    Puc Community Charter Middle School

    Public | 6 - 8

  • 5

    Puc Lakeview Charter Academy

    Public | 6 - 8

  • 4

    Richard E. Byrd Middle School

    Public | 6 - 8

  • 4

    Charles Maclay Middle School

    Public | 6 - 8

  • 3

    San Fernando Middle School

    Public | 6 - 8

  • 3

    Pacoima Middle School

    Public | 6 - 8

  • 1

    Phoenix Academy Residential Education Center

    Public | 7 - 12

  • 0

    Puc Nueva Esperanza Charter Academy

    Public | 6 - 8

  • 0

    San Fernando Institute of Applied Media

    Public | 6 - 8

High Schools 18
  • 8

    Puc Lakeview Charter High School

    Public | 9 - 12

  • 6

    Cesar E. Chavez Learning Academies - Social Justice Humanitas

    Public | 9 - 12

  • 6

    Discovery Charter Preparatory No. 2

    Public | 9 - 12

  • 5

    Valor Academy Charter High School

    Public | 9 - 12

  • 5

    Arleta High School

    Public | 9 - 12

  • 5

    San Fernando High School

    Public | 9 - 12

  • 5

    Cesar E. Chavez Learning Academies-Arts, Theatre, Entertatinment

    Public | 9 - 12

  • 4

    Cesar E. Chavez Learning Academies - Academy of Science Exploration

    Public | 9 - 12

  • 4

    Francis Polytechnic Senior High School

    Public | 9 - 12

  • 1

    Panorama High School

    Public | 9 - 12

  • 1

    Cesar E. Chavez Learning Academies - Technology Preparatory Academy

    Public | 9 - 12

  • 1

    Sun Valley High School

    Public | 9 - 12

  • 0

    Cal Burke High School

    Public | 9 - 12

  • 0

    Mission Continuation

    Public | 9 - 12

  • 0

    St Genevieve High School

    Private | 9 - 12

  • 0

    Robert H. Lewis Continuation

    Public | 9 - 12

  • 0

    Puc Triumph Charter High School

    Public | 9 - 12

  • 0

    Puc Community Charter Early College High School

    Public | 9 - 12

School and business data provided by Attom Data.

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Brandon Arlington

Brandon Arlington

+1(781) 385-0196

Real Estate Professional | License ID: 01956375

Real Estate Professional License ID: 01956375

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