Pacoima, CA 91331,10028 San Fernando Rd
Pacoima, CA 91331,10028 San Fernando Rd
Pacoima, CA 91331,10028 San Fernando Rd
Pacoima, CA 91331,10028 San Fernando Rd
Pacoima, CA 91331,10028 San Fernando Rd
Pacoima, CA 91331,10028 San Fernando Rd
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Ju-Yao Yang

Ju-Yao Yang

eXp Realty

+1(626) 272-4465
$ 3,550,000
Est. payment | /mo

14 Beds

14 Baths

5,334 SqFt


Save
$ 3,550,000
Est. payment | /mo
Save

14 Beds

14 Baths

5,334 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,334 sqft

Price per Sqft $665

MLS Listing ID 25565655

Bedrooms 14

Year Built 1950

Lot Size 9,005 Sqft

Acres 0.2067

Property Sub-Type Multi-Family

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

Rooms

Other Rooms None

Interior

Heating Wall

Cooling None

Equipment Microwave, Hood Fan

Exterior

Parking Features Unassigned, Gated

Garage Spaces 14.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
Listed by Global Platinum Properties, Inc.
Ju-Yao Yang

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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10028 San Fernando Rd