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12600 Correnti St
Pacoima, CA 91331

$3,300,000 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 B
Year Built 1950
Cap Rate 7.50 %
Zoning [Q]C2-1VL-CUGU

40 Transit Score

40 Walk Score

                
                    Highlights
                
                                *Property Features* - 14 Renovated units cash flowing at amazing 7.5% Cap Rate & 9.8 GRM from Day 1
                            
                                *Assumable Loan* - Attractive assumable $2.5M loan at 3.9% interest rate through 9/1/2027
                            
                                *Covered Land Play* - Potential to add 20 additional units consisting of: 7 by right and 13 ADUs.
                            
                                *Financial Metrics* - Demand-driven unit mix consisting primarily of 1+1 units.

Property Flyers

San Fernando 10028 Correnti 12600 14U w 20 ADUs copy

Financial Summary (Actual)

Net Operating Income: $247,535 USD (2025)

Cap Rate:	7.50 %
Total Expenses:	$76,218 USD

Public Transportation

Commuter Rail	Drive	Walk	Distance
Sun Valley (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink))	7 min	-	3.0 mi
Sylmar/San Fernando (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink))	9 min	-	3.9 mi
Airport	Drive	Walk	Distance
Bob Hope	12 min	-	4.8 mi
Los Angeles International	41 min	-	29.7 mi
Long Beach (Daugherty Field)	56 min	-	42.2 mi

Kelly Morgan 310-836-3638 Kelly Morgan Multifamily Group

12600 Correnti St Pacoima, CA 91331