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About the Listing X82397 - C120232
Huge 900k Price Reduction! 14 existing Renovated units + plans for 20 new units cash flowing at an amazing Current Cap Rate of 7.75% from day 1. Attractive 2.6M assumable loan (Need only ~20% Down) at an incredibly low rate of 3.9% fixed through 09/01/2027 yielding a remarkable 14.9% cash-on-cash return. Preliminary plans to add 20 new units to achieve an unheard of 14.6% Cap Rate, 5.5 GRM, and only 148k/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.
Listing Highlights
Status
Active
Days on Site
45
Property Type
Multi-Family
MLS ®
26648039
Year Built
1950
Total Square Footage
5,334
Lot/Acreage
0.21
County
Los Angeles
Interior Details
- Bedrooms: 14
- Bathrooms: 14 Full
- Appliances:
- Air Cond:
- Heating: Wall
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 14
- Zoning: LAC2
- Roof:
- Others:
- Sewer:
- Parking Features: Unassigned,Gated
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
10028 San Fernando Rd Pacoima, CA 91331
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