12600 Correnti St, Pacoima, CA 91331
12600 Correnti St, Pacoima, CA 91331
12600 Correnti St, Pacoima, CA 91331
12600 Correnti St, Pacoima, CA 91331
12600 Correnti St, Pacoima, CA 91331
12600 Correnti St, Pacoima, CA 91331
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Armand Martin

Armand Martin

+1(661) 221-5011
$ 3,300,000
Est. payment | /mo

13 Beds

14 Baths

5,334 SqFt

Save
$ 3,300,000
Est. payment | /mo
Save

13 Beds

14 Baths

5,334 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,334 sqft

Price per Sqft $618

MLS Listing ID 26831629

Bedrooms 13

Lot Size 9,001 Sqft

Property Sub-Type Multi-Family

Property Description

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.

Location

State CA

County Los Angeles

Area Pacoima

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall/Window

Equipment None

Exterior

Parking Features Gated, Uncovered

Garage Spaces 14.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information 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. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Houze Real Estate Management

Nearby Locations

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Armand Martin

+1(661) 221-5011

armand.martin@exprealty.com

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12600 Correnti St