Pacoima, CA 91331 10028 San Fernando Road
$3,950,000
12 more
Presented By: Armin Soleimani with Global Platinum Properties, Inc.;
Beds • 14
Baths • 14
SQFT • 5,334
Year Built • 1950
Home Details
Price Reduction! 14 existing Renovated units + plans for 20 new units cash flowing at an amazing current Cap Rate of 6.5% from day 1. Attractive 2.6M assumable loan at an incredibly low rate of 3.9% fixed through 09/01/2027. Preliminary plans to add 20 new units to achieve an unheard 12% Cap Rate, 6.5 GRM, and only 166k/unit after taking into account all the construction costs (~1.7M assuming $250/SF). The preliminary 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.
Presented By: Armin Soleimani with Global Platinum Properties, Inc.;
Interior Features for 10028 San Fernando Road
Bedrooms
Total Bedrooms14
Bathrooms
Half Baths0
Total Baths14
1/4 Baths
3/4 Baths
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
Total Stories2
General for 10028 San Fernando Road
Additional Parcels Y/NNo
AppliancesMicrowave
Attached Garage No
Cap Rate6.5
Carport Y/NNo
CityPacoima
CoolingNone
CountyLos Angeles
DirectionsLocated just East of Osborne; on the North Side of the Train Tracks.
Electric On Property Y/NNo
Full Baths
Garage Y/NNo
Gross Income349006.0
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet9005.0
Lot Size UnitsSquareFeet
MLS AreaPAC - Pacoima
MobileHomeRemainsYNNo
Net Operating Income256594.0
New ConstructionNo
Number Of Units Total14
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Year Built1950
ZoningLAC2
Exterior for 10028 San Fernando Road
Building Area Total5334.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.2067
Lot Size Area9005.0
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesGated, Unassigned
Private PoolNo
SpaNo
Total Parking14.0
WaterfrontY/NNo
Additional Details
Price History
Keegan Cin
Team Lead
