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 2.5M assumable loan (requiring only ~17% down) at an incredibly low rate of 3.9% fixed through 09/01/2027 yielding a remarkable 15.7% cash-on-cash return. Preliminary plans to add 20 new market-rate units to achieve an unheard of 14.3% Cap Rate, 5.6 GRM, and only 141k/unit after taking into account all the construction costs (~1.7M assuming $250/SF). The project is anticipated to deliver over $2.7MM in net profit after all construction and resale costs, yielding an exceptional 125.9% 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.
Calling all investors, builders or developers. Here is your opportunity to buy a very desirable flat rectangular corner lot located directly on San Fernando Road in Pacoima. This lot is ready for development or keep it the way is right now and generate immediate income. Don’t miss this opportunity in a prime location of Pacoima. Buyer to verify all zoning information.
Ready to Build w/ Permits !! Builders and investors, Skip Building Department headaches and start digging immediately. This 50’ × 150’ flat, vacant lot comes with fully paid permits and approved plans to build two modern, 2-story homes. House-1: 2-Story Single-Family Residence (SFR) 4br +2 full ba 1,320 SF House-2: 2-Story (SB9) Dwelling 4ba +2 full ba 1,320 SF Records permit show Sewer Lateral in place, Electricity Available and Natural Gas available at street to be verified by buyer or buyer agent. "Ready to Build" (RTB) turnkey project in a high-demand market. Build both to sell, live in one and rent the other, or keep both as high-yield rental properties. Properties with paid permits don't last—bring your contractor today! 2 additional 800sf ADU at the rear can be built; plans and processing included.
We are excited to present 12335 Osborne Place, a 100% affordable development project located in Pacoima, California. This 46,035 square foot (1.06 acre) lot will be delivered with RTI (Ready to Issue) plans for a 5-story building that will include 293 affordable units. The project plans feature a great unit mix of 281 one-bedroom units, and 12 two-bedroom units. Additionally, zero parking is required per AB 2345. This offering is situated within a qualied Opportunity Zone, providing a range of benets for investors. Investors can take advantage of signicant tax incentives, including the deferral, reduction, and potential elimination of capital gains taxes, which can greatly enhance overall returns. Furthermore, the project will benet from ongoing and future developments in the area, leading to rent growth and gentrication. The city of Pacoima is undergoing revitalization by developing a pedestrian-friendly and community-oriented downtown along Van Nuys Blvd, stretching between Laurel Canyon Blvd and San Fernando Rd. Phase 1 of this initiative has already been implemented, which included measures to slow down trafc along Van Nuys Blvd. The city is collaborating with the County of Los Angeles to secure funding for the next stage of revitalization. This next phase aims to enhance the facades of existing structures in the area with the goal of establishing a vibrant city center focused on the arts, shopping, dining, and new nightlife opportunities.
Pacoima is located in California.
