10028 San Fernando Road, Pacoima, CA 91331

Pacoima
Local realty services provided by:Better Homes and Gardens Real Estate Champions
10028 San Fernando Road,Pacoima, CA 91331
$3,300,000
  • 0.21 Acres
  • Lots / Land
  • Active
Listed by: kelly morgan
Office: houze real estate management323-852-1372
MLS#:26832677
Source:CRMLS

Price summary

  • Price:$3,300,000

About this home

14 existing renovated units and plans for 20 new units cash flowing at an amazing cap rate of 7.5% from day one. Attractive $2,500,000 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 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 projected to deliver over $2,700,000 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 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. Contact us today to request the OM or schedule a private tour. **Contact Kelly Morgan...

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Home facts

  • Listing ID #:26832677
  • Added:1 day(s) ago
  • Updated:May 12, 2026 at 10:23 AM

Structure and exterior

  • Lot area:0.21 Acres

Finances and disclosures

  • Price:$3,300,000
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