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Listed by: Kelly Morgan (310) 836-3638 DRE #01898026 | Houze Real Estate Management (323) 852-1372
$3,075,000
Monthly Est:$15,305
13 Beds
14 Baths
5,334sqft
12600 Correnti St, Pacoima, CA 91331
$3,075,000
$15,305/moEst:
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Multi Family
Built in -
$-- HOA
9,001 sqft lot
$576/sq.ft
Description
PRICE REDUCTION! 14 Existing Renovated units + plans for 20 new market-rate units cash flowing at an amazing Current Cap Rate of 8.0% from day 1! Attractive 2.48M assumable loan (requiring only ~19% down) at an incredibly low rate of 3.98% fixed through 09/01/2027 yielding a remarkable 16.2% cash-on-cash return. Preliminary plans to add 20 new market-rate units to achieve an unheard of 13.9% Cap Rate, 5.52 GRM, and only 139k/unit after taking into account all the construction costs (~1.67M assuming $250/SF). The project is anticipated to deliver over $3.2MM in net profit after all construction and resale costs, yielding an exceptional 146.5% 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.
- Houzeo last checked: 11 hours ago
- Listing updated: October 10, 2026 at 7:14 am
- Source: California Regional MLS-CA | MLS#: 26996097
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
-
HOA Fees
-
Finished Area
5,334 sqft
Lot Size
9,001 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
26996097
MLS Status
Active
Days on Market
10
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 13
Bathrooms: 14
Interior
Heating
Wall Furnace
Utilities & Energy
Parking Features
Gated, Uncovered
Price History
| Date | Event | Price |
|---|---|---|
09/01/2026 Source: | Off Market | $3,075,000 -6.82% $576/sqft |
05/08/2026 Source: | Listed for Sale | $3,300,000 +4.76% $619/sqft |
05/08/2026 Source: | Off Market | $3,150,000 $591/sqft |
Pacoima Ranks #185 in Los Angeles, CA
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Based on information from California Regional Multiple Listing Service, Inc. as of Oct 12, 2026, 10:30AM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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