858-525-5007

12600 Correnti, Pacoima CA 91331 | $3,300,000

  • 0 bedrooms
  • 0 bathrooms
  • 0 Sq Ft
  • 9001 Lot Sq Ft
  • Type:
  • Stories: 2
  • Year Built: 0
  • MLS#: 26831629
  • Community: PAC - Pacoima

Listing provided courtesy of Kelly Morgan of Houze Real Estate Management. Last updated 2026-06-25 08:11:41.000000. Listing information © 2025 SANDICOR.

14 Existing Renovated units + plans for 20 New market-rate units cash flowing at an amazing Current Cap Rate of 7.5% from day 1! Attractive 2.5M assumable loan (requiring only ~25% down) at an incredibly low rate of 3.9% fixed through 09/01/2027 yielding a remarkable 12.2% cash-on-cash return. Preliminary plans to add 20 new market-rate units to achieve an unheard of 13.9% Cap Rate, 5.7 GRM, and only 146k/unit after taking into account all the construction costs (~1.7M assuming $250/SF). The project is anticipated to deliver over $2.7M in net profit after all construction and resale costs, yielding an exceptional 117% return on levered equity. The plans call for 8 detached ADUs in the back + 5 attached ADUs in the front + 7 new units by right 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.

More Details

0.21 Acres
2 Stories

David Piper​

Call or Text: 858-525-5007

DRE# 02021985