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12602 Correnti Street, Pacoima, CA 91331

Pacoima
Local realty services provided by:CENTURY 21 Wildwood Properties, Inc.
12602 Correnti Street,Pacoima (los Angeles), CA 91331
$3,075,000
  • 0.21 Acres
  • Lots / Land
  • Active
Listed by: kelly morgan
Office: houze real estate management
MLS#:CL26866533
Source:Bay East, CCAR, bridgeMLS

Price summary

  • Price:$3,075,000

About this home

PRICE REDUCTION! 14 Existing Renovated units + plans for 20 new market-rate units cash flowing at an amazing Current Cap Rate of 8% from day 1! Attractive 2.48M assumable loan (requiring only ~19% down) at an incredibly low rate of 3.98% fixed through 09/01/2027 yielding a remarkable 16.2% cash-on-cash return. Preliminary plans to add 20 new market-rate units to achieve an unheard of 13.9% Cap Rate, 5.52 GRM, and only 139k/unit after taking into account all the construction costs (~1.67M assuming $250/SF). The project is anticipated to deliver over $3.2MM in net profit after all construction and resale costs, yielding an exceptional 146.52% 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.

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Home facts

  • Listing ID #:CL26866533
  • Added:45 day(s) ago
  • Updated:September 14, 2026 at 02:39 PM

Structure and exterior

  • Lot area:0.21 Acres
  • Architectural Style:Unimproved Land

Finances and disclosures

  • Price:$3,075,000
MLS LogoBay East 2026. CCAR 2026 bridgeMLS 2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at September 14, 2026 CA_BRIDGEMLS Member Broker: Alison Daniels

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