12600 Correnti Street, Pacoima, CA 91331

Pacoima
Local realty services provided by:Better Homes and Gardens Real Estate Everything Real Estate
12600 Correnti Street,Pacoima, CA 91331
$3,300,000
  • 13 Beds
  • 14 Baths
  • 5,334 sq. ft.
  • Multi-family
  • Active
Listed by: kelly morgan
Office: houze real estate management323-852-1372
MLS#:26831629
Source:CRMLS

Price summary

  • Price:$3,300,000
  • Price per sq. ft.:$618.67

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.

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Home facts

  • Listing ID #:26831629
  • Added:3 day(s) ago
  • Updated:May 12, 2026 at 07:31 PM

Rooms and interior

  • Bedrooms:13
  • Total bathrooms:14
  • Living area:5,334 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Wall Furnance

Structure and exterior

  • Building area:5,334 sq. ft.
  • Lot area:0.21 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$3,300,000
  • Price per sq. ft.:$618.67

Parking

  • Total parking spaces:14
  • Parking description:Gated, Uncovered
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