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About the Listing CLW-X82397 - CLW-C120232,CLW-C131070
Huge 500k Price Reduction! 14 existing Renovated units + plans for 20 new units cash flowing at an amazing current Cap Rate of 7% from day 1. Attractive 2.6M assumable loan at an incredibly low rate of 3.9% fixed through 09/01/2027 yielding a remarkable 10% cash-on-cash return. Preliminary plans to add 20 new units to achieve an unheard of 12.7% Cap Rate, 6.2 GRM, and only 159k/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.
Listing Highlights for 10028 San Fernando Rd
Status
Active
Days on Site
29
Property Type
Multi-Family
MLS ®
25565655
Year Built
1950
Total Square Footage
5,334
Lot/Acreage
0.21
County
Los Angeles
Area
PAC - Pacoima
Interior Details
- Bedrooms: 6
- Bathrooms: 6 Full
- Appliances: Microwave
- Air Cond:
- Heating: Wall Furnace
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 14
- Zoning: LAC2
- Roof:
- Others: 2+ Total Units
- Sewer:
- Parking Features: Unassigned,Gated
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 2537012024
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
Years
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Listing Location
Questions About..
10028 San Fernando Rd Pacoima, CA 91331
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