$3,150,000
About this home
Price Reduction! 14 Existing Renovated units + plans for 20 new market-rate units cash flowing at an amazing Current Cap Rate of 8% from day 1! Attractive 2.5M assumable loan (requiring only ~17% down) at an incredibly low rate of 3.9% fixed through 09/01/2027 yielding a remarkable 15.79% cash-on-cash return. Preliminary plans to add 20 new market-rate units to achieve an unheard of 14.49% Cap Rate, 5.6 GRM, and only 141k/unit after taking into account all the construction costs (~1.7M assuming $250/SF). The project is anticipated to deliver over $2.79MM in net profit after all construction and resale costs, yielding an exceptional 125.99% 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.
Facts & features
- Bedrooms
- 13
- Bathrooms
- 0 full, 0 half
- Living area
- 5,334 sq ft
- Heating
- Wall Furnace
- Cooling
- Wall Window Units
- Levels
- Two
- Lot size
- 0.207 acres (9,001 sq ft)
- Parking
- Gated, Uncovered
- Parking spaces
- 14
- Area
- PAC - Pacoima
- County
- Los Angeles
- Status
- Active
- Property type
- Residential Income
- Days on market
- 68
- Listed
- 2026-05-08
- Original price
- $3,300,000
- Parcel #
- UNAVAILABLE
- MLS #
- 26831629
