14 Renovated units cash flowing at an amazing current Cap Rate of 6% from day 1. Attractive 2.6M assumable loan at an incredibly low rate of 3.9% fixed through 09/01/2027. Preliminary plans to add 20 new units to achieve an unheard 11.5% Cap Rate, 6.8 GRM, and only 173k/unit after taking into account all the construction costs (~1.7M assuming $250/SF). The preliminary 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.
Property Details
Price:
$4,195,000
MLS #:
25519955
Status:
Active
Baths:
0
Address:
10028 San Fernando Road
Type:
Residential Income
Neighborhood:
pacpacoima
City:
Pacoima
Listed Date:
Apr 2, 2025
State:
CA
ZIP:
91331
Lot Size:
9,005 sqft / 0.21 acres (approx)
Year Built:
1950
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Schools
Interior
Appliances
Microwave
Cooling
None
Heating
Wall Furnace
Exterior
Parking Features
Unassigned, Gated
Parking Spots
14.00
Stories Total
2
Financial
Map
Community
- Address10028 San Fernando Road Pacoima CA
- AreaPAC – Pacoima
- CityPacoima
- CountyLos Angeles
- Zip Code91331
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Courtesy of Global Platinum Properties, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved.10028 San Fernando Road
Pacoima, CA
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