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10028 San Fernando Rd
Pacoima, CA 91331

$3,550,000 USD

Apartments For Sale  •  5,334 SF

Property Details

  • Property Type Apartments
  • Total Building Size 5,334 SF
  • Lot Size 0.21 AC
  • Building Class C
  • Year Built 1950
  • Cap Rate 7.25 %
  • Zoning [Q]C2-1VL-CUGU
47 Transit Score
51 Walk Score

Highlights

14 renovated units with a current Cap Rate of 7.25% provides immediate cash flow
Assumable 2.6M loan at only 3.9% interest rate yielding a remarkable 11.3% cash-on-cash return
Potential to add 20 new units, increasing Cap Rate to an unheard of 13.9%
After construction costs, each unit will only cost an average of $154k, providing value for money
Plans for an additional 8 detached ADUs in the back and 5 attached ADUs + 7 new units in front.

Property Flyers

Cap Rate: 7.25 %

Amenities

  • Gated
  • Refrigerator

Public Transportation

Commuter RailDriveWalkDistance
Sun Valley (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink)) 5 min - 3.2 mi
Sylmar/San Fernando (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink)) 7 min - 3.9 mi
AirportDriveWalkDistance
Bob Hope 9 min - 5.1 mi
Los Angeles International 39 min - 27.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 14
Type: Surface
Included in Rent: Yes
Armin Soleimani 310-666-2246 Global Platinum Properties
Armin Soleimani 310-666-2246 Global Platinum Properties