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.
Property Details
Price:
$3,700,000
MLS #:
25565657
Status:
Active
Baths:
0
Address:
10028 San Fernando Road
Type:
Residential Income
Neighborhood:
pacpacoima
City:
Pacoima
Listed Date:
Jul 15, 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
Financial
Map
Community
- Address10028 San Fernando Road Pacoima CA
- AreaPAC – Pacoima
- CityPacoima
- CountyLos Angeles
- Zip Code91331
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10028 San Fernando Road
Pacoima, CA
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