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10028 San Fernando Road, Pacoima, CA 91331
10028 San Fernando Road
Overview
Property ID: HZ25565657
- 14
- 14
- 5334
- 1950
Description
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.
Address
Open on Google Maps- Address San Fernando
- City Pacoima
- State/county Los Angeles
- Zip/Postal Code 91331
Details
Updated on August 23, 2025 at 9:06 am- Property ID: HZ25565657
- Price: $3,700,000
- Property Size: 5334 Sq Ft
- Bedrooms: 14
- Bathrooms: 14
- Year Built: 1950
- Property Status: ResidentialIncome
- Listed by: Armin Soleimani
- DRE #: 01846872
- Contact Mail: arminsoleimani@gmail.com
- Brokered by: Global Platinum Properties, Inc.
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