Price Reduction! 14 existing Renovated units + plans for 20 new units cash flowing at an amazing current Cap Rate of 6.5% 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 12% Cap Rate, 6.5 GRM, and only 166k/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:
$3,950,000
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
See this Listing
Mortgage Calculator
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
Similar Listings Nearby
- 12528 Bradley Avenue
Los Angeles, CA$4,500,000
3.97 miles away
- 6819 Laurel Canyon Boulevard
North Hollywood, CA$4,500,000
4.08 miles away
- 9001 Orion Avenue
North Hills, CA$4,450,000
3.95 miles away
- 6803 Matilija Avenue
Van Nuys, CA$4,250,000
4.33 miles away
- 15240 Nordhoff Street
North Hills, CA$3,995,000
3.51 miles away
- 6830 Hazeltine Avenue
Van Nuys, CA$3,795,000
4.42 miles away
- 6606 Hazeltine Avenue
Van Nuys, CA$3,750,000
4.66 miles away
- 13253 Vanowen Street
Los Angeles, CA$3,675,000
4.14 miles away
- 11329 Sherman Way
Sun Valley, CA$3,500,000
3.92 miles away

10028 San Fernando Road
Pacoima, CA
LIGHTBOX-IMAGES