10028 san fernando road
$3,450,000
Pacoima, CA 91331
| 5,334 SQFT
Huge 750k Price Reduction! 14 existing Renovated units + plans for 20 new units cash flowing at an amazing current Cap Rate of 7.5% from day 1. Attractive 2.6M assumable loan at an incredibly low rate of 3.9% fixed through 09/01/2027 yielding a remarkable 12.8% cash-on-cash return. Preliminary plans to add 20 new units to achieve an unheard of 14.2% Cap Rate, 5.6 GRM, and only 151k/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 updated roof, electrical, plumbing, windows, interiors, exteriors, etc.
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We offer the highest level of service, integrity, and unsurpassed area knowledge to our clients. We provide discreet, personal and professional attention to you and your transaction, and will work diligently to ensure you have a positive and rewarding experience. We have helped hundreds of families find their dream homes and we look forward to working with you.