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Listed by: Julio Ruiz (818) 524-0706 DRE #01911261, Armin Soleimani DRE #01846872 | Global Platinum Properties, Inc. (424) 394-1030
$3,550,000
14 Beds
14 Baths
5,334sqft
10028 San Fernando Rd, Pacoima, CA 91331
$3,550,000
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Multi Family
Built in 1950
$-- HOA
9,005 sqft lot
$666/sq.ft
Description
Huge 650k Price Reduction! 14 existing Renovated units + plans for 20 new units cash flowing at an amazing current Cap Rate of 7.25% from day 1. Attractive 2.6M assumable loan at an incredibly low rate of 3.9% fixed through 09/01/2027 yielding a remarkable 11.3% cash-on-cash return. Preliminary plans to add 20 new units to achieve an unheard of 13.9% Cap Rate, 5.7 GRM, and only 149k/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 upd...
Continue Reading- Houzeo last checked: 51 Minutes ago
- Listing updated: December 11, 2025 at 8:20 am
- Source: California Regional MLS-CA | MLS#: 25625419
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1950
HOA Fees
-
Finished Area
5,334 sqft
Lot Size
9,005 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
25625419
MLS Status
Active
Days on Market
14
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