USACAPacoima12600 Correnti St
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$3,075,000

For Sale

2 months ago

12600 Correnti St, Pacoima, CA

House

MLS® 26866525

13 Bed

14 Bath

5334 sqft

14 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 5334 sqft
Garage 
Taxes 
Days Active 69
Lot Size 0.2066 Acres
Approx. Age 
Avg. Price Per Sqft $576
MLS® Number 26866525

Property Address: 12600 Correnti St, Pacoima, CA, 91331

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number26866525
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age
Basement
DrivewayGated, Uncovered
Garage Spaces
HeatWall Furnace
A/CWall Window Units

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Oct 2, 2026List Date
$3,075,000List Price
-End Date
Not Sold YetSold Price

For Sale

Jul 30, 2026List Date
$3,075,000List Price
-End Date
Not Sold YetSold Price

For Sale

Jul 30, 2026List Date
$3,075,000List Price
  • Commute

Commute

Starting Address
Destination Address
12600 Correnti St, Pacoima, CA

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