Language and Region
Currency

Email*

Please enter a valid email address.

To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Message

941 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

12600 Correnti St - 12600 Correnti St 0.21 Acres of Commercial Land Offered at $4,538,820 CAD in Pacoima, CA 91331

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

Plans and zoning entitlement compatibility for 20 additional units.
Surrounded by established residential neighborhoods and service-oriented retail.

Existing cash-flowing asset with 14 renovated residential units.
Positioned in a dense urban corridor, ensuring strong rental demand and low vacancy trends.

Executive Summary

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.

San Fernando 10028 Correnti 12600 14U w 20 ADUs copy

Property Facts

Price	$4,538,820 CAD	Property Subtype	Commercial
Sale Type	Investment	Total Lot Size	0.21 AC
No. Lots	1	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Type	Land
Zoning	LAC2 - Commercial - C1.5 Uses; Retail w/ Limited Manufacturing, Service Stations and Garages, Retail Contr. Business, Churches, Schools, Auto Sales, R4 Uses

Price	$4,538,820 CAD
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Total Lot Size	0.21 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	LAC2 - Commercial - C1.5 Uses; Retail w/ Limited Manufacturing, Service Stations and Garages, Retail Contr. Business, Churches, Schools, Auto Sales, R4 Uses

1 Lot Available

Lot

Price	$4,538,820 CAD	Lot Size	0.21 AC
Price Per AC	$21,965,397.08 CAD

Price	$4,538,820 CAD
Price Per AC	$21,965,397.08 CAD
Lot Size	0.21 AC

This property offers a 9,001-square-foot parcel in a highly accessible Pacoima location along San Fernando Road. It currently includes 14 fully renovated rental units generating immediate cash flow, with permits and plans for an additional 20 units.

Description

The property comprises a 9,001-square-foot urban infill lot in Pacoima, Los Angeles County. It is situated near Correnti Street and San Fernando Road, north of Osborne Street and east of Laurel Canyon Boulevard. The parcel is zoned LAC2, and its location offers immediate access to major regional arteries including Interstate 5, SR-118, and SR-170. The surrounding area includes a mix of residential, commercial, and light industrial uses, supporting consistent connectivity and infrastructure availability.

1 1