10028 San Fernando Road
Pacoima, CA, 91331
$3,700,000
Beds
0 Baths
SqFt
0.21 Acres
Add
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
Ask a Question

See this Listing

Send
  

Mortgage Calculator

 

Schools

Interior

Appliances
Microwave
Cooling
None
Heating
Wall Furnace

Exterior

Parking Features
Unassigned, Gated
Parking Spots
14.00

Financial

Map

Community

Similar Listings Nearby

10028 San Fernando Road
Pacoima, CA