Pacoima, CA 91331,10028 San Fernando RD #34
Pacoima, CA 91331,10028 San Fernando RD #34
Pacoima, CA 91331,10028 San Fernando RD #34
16
See all 16 photos
$3,450,000
Est. payment /mo
Save
9,003 Sqft Lot
Price Dropped by $100K

10028 San Fernando RD #34 Pacoima, CA 91331

Save
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Fri
30
Jan
Sat
31
Jan
Sun
1
Feb
Frank Sottile

Frank Sottile

+1(760) 952-0019

UPDATED:

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 25625417

HOA Y/N No

Lot Size 9,003 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area Pac - Pacoima

Zoning LAC2

Interior

Fireplace No

Exterior

View Y/N No

View None

Building

New Construction No

Others

Senior Community No

Tax ID 2537012024

Special Listing Condition Standard

CRMLS – RECore
Listed by Armin Soleimani Global Platinum Properties, Inc.

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES
Elementary Schools 20
  • 8

    Vena Avenue Elementary

    Public | KG - 5

  • 8

    Brainard Elementary School

    Public | KG - 5

  • 7

    Valor Academy Charter

    Public | 5 - 8

  • 6

    O'Melveny Elementary School

    Public | PK - 5

  • 6

    Stonehurst Elementary School

    Public | PK - 5

  • 5

    Liggett Street Elementary School

    Public | KG - 5

  • 5

    Ranchito Avenue Elementary School

    Public | KG - 5

  • 5

    Morningside Elementary School

    Public | KG - 5

  • 5

    Sharp Avenue Elementary

    Public | KG - 5

  • 5

    Vaughn Next Century Learning Center

    Public | KG - 12

  • 5

    Montague Charter Academy

    Public | KG - 5

  • 5

    Strathern Elementary School

    Public | PK - 5

  • 5

    Roscoe Elementary

    Public | KG - 5

  • 4

    Chase Street Elementary

    Public | KG - 5

  • 4

    Canterbury Avenue Elementary School

    Public | KG - 5

  • 4

    Vista Del Valle Dual Language Academy

    Public | PK - 5

  • 4

    Pacoima Elementary

    Public | PK - 5

  • 4

    Broadous Elementary School

    Public | KG - 5

  • 4

    Arminta Elementary School

    Public | KG - 5

  • 3

    Bert Corona Charter

    Public | 5 - 8

Middle Schools 9
  • 6

    Puc Community Charter Middle School

    Public | 6 - 8

  • 5

    Puc Lakeview Charter Academy

    Public | 6 - 8

  • 4

    Richard E. Byrd Middle School

    Public | 6 - 8

  • 4

    Charles Maclay Middle School

    Public | 6 - 8

  • 3

    San Fernando Middle School

    Public | 6 - 8

  • 3

    Pacoima Middle School

    Public | 6 - 8

  • 1

    Phoenix Academy Residential Education Center

    Public | 7 - 12

  • 0

    Puc Nueva Esperanza Charter Academy

    Public | 6 - 8

  • 0

    San Fernando Institute of Applied Media

    Public | 6 - 8

High Schools 18
  • 8

    Puc Lakeview Charter High School

    Public | 9 - 12

  • 6

    Cesar E. Chavez Learning Academies - Social Justice Humanitas

    Public | 9 - 12

  • 6

    Discovery Charter Preparatory No. 2

    Public | 9 - 12

  • 5

    Valor Academy Charter High School

    Public | 9 - 12

  • 5

    Arleta High School

    Public | 9 - 12

  • 5

    San Fernando High School

    Public | 9 - 12

  • 5

    Cesar E. Chavez Learning Academies-Arts, Theatre, Entertatinment

    Public | 9 - 12

  • 4

    Cesar E. Chavez Learning Academies - Academy of Science Exploration

    Public | 9 - 12

  • 4

    Francis Polytechnic Senior High School

    Public | 9 - 12

  • 1

    Panorama High School

    Public | 9 - 12

  • 1

    Cesar E. Chavez Learning Academies - Technology Preparatory Academy

    Public | 9 - 12

  • 1

    Sun Valley High School

    Public | 9 - 12

  • 0

    Cal Burke High School

    Public | 9 - 12

  • 0

    Mission Continuation

    Public | 9 - 12

  • 0

    St Genevieve High School

    Private | 9 - 12

  • 0

    Robert H. Lewis Continuation

    Public | 9 - 12

  • 0

    Puc Triumph Charter High School

    Public | 9 - 12

  • 0

    Puc Community Charter Early College High School

    Public | 9 - 12

School and business data provided by Attom Data.

GET MORE INFORMATION

Frank Sottile

Frank Sottile

Broker Associate | License ID: 00900300

+1(760) 952-0019

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of RE/MAX Lakeside, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

10028 San Fernando RD #34

QUICK SEARCH