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Listed by: Armin Soleimani (310) 666-2246 DRE #01846872, Julio Ruiz DRE #01911261 | Global Platinum Properties, Inc. (424) 394-1030
$3,450,000
-- Bed
-- Bath
9,005sqft lot
10028 San Fernando Rd #34, Pacoima, CA 91331
$3,450,000
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Land
Built in -
$-- HOA
9,005 sqft lot
$383/sq.ft
Description
Huge 750k Price Reduction! 14 existing Renovated units + plans for 20 new units cash flowing at an amazing current Cap Rate of 7.5% from day 1. Attractive 2.6M assumable loan at an incredibly low rate of 3.9% fixed through 09/01/2027 yielding a remarkable 12.8% cash-on-cash return. Preliminary plans to add 20 new units to achieve an unheard of 14.2% Cap Rate, 5.6 GRM, and only 151k/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 upda...
Continue Reading- Houzeo last checked: 44 Minutes ago
- Listing updated: February 13, 2026 at 8:18 am
- Source: California Regional MLS-CA | MLS#: 26648053
Property Details
Status
Active
Type
Land
No. of Stories
-
County
City
Neighborhood
Year Built
-
HOA Fees
-
Finished Area
- sqft
Lot Size
9,005 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
26648053
MLS Status
Active
Days on Market
25
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