10913–10915 Tamarack Ave, Pacoima, CA 91331 Exceptional income-producing duplex opportunity featuring two separate residences on one lot in a strong rental-demand pocket of Pacoima. This well-positioned property offers an ideal setup for both investors and owner-users seeking stable cash flow with long-term upside. The front residence features 2 bedrooms and 1 bathroom and is currently leased at $2,698.75/month(could be vacant at close of Escrow). The rear residence offers a spacious 3-bedroom, 2-bathroom layout with a 1-car garage and is currently leased at $3,737/month. Combined gross scheduled income totals approximately $6,435.75 per month. The property offers an attractive unit mix, functional layouts, strong in-place rental income, and excellent long-term potential. Conveniently located near major freeways, shopping, schools, and employment corridors, this duplex benefits from continued demand for quality rental housing in the San Fernando Valley. Ideal for investors seeking immediate income or buyers looking to expand their real estate portfolio with a high-demand multi-unit asset. Buyer to independently verify all information including square footage, permits, zoning, rent amounts, and property condition.
*Property Features* - 14 Renovated units cash flowing at amazing 7.5% Cap Rate & 9.8 GRM from Day One. *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.
14 existing renovated units and plans for 20 new units cash flowing at an amazing cap rate of 7.5% from day one. Attractive $2,500,000 assumable loan (requiring only ~25% down) at an incredibly low rate of 3.9% fixed through 09/01/2027 yielding a remarkable 12.2% cash-on-cash return. Preliminary plans to add 20 new units to achieve an unheard of 13.9% cap rate, 5.7 GRM, and only 146k/unit after taking into account all the construction costs (~1.7M assuming $250/SF). The project is projected to deliver over $2,700,000 in net profit after all construction and resale costs, yielding an exceptional 117% return on levered equity. The 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.
Welcome to this great investment opportunity, TRIPLEX in Pacoima. Live in 1 and rent the other 2!!. Each unit is a 2+1 with 1 unit offering a jack and jill bathroom. 1 unit offers new kitchen and fresh paint. Each unit has its own water, electric, and gas meter. Entire property has privacy and security fencing. Property is Zoned Residential/ Commercial. Must come to see unless possibilities this property has to offer. Property is being SOLD AS IS!!!!
Exceptional Investment Opportunity in Prime Pacoima Location. Unlock the potential of this rare 4733 square foot mixed use property, designed for both commercial and residential purposes. This multi unit asset, set across two well constructed two story buildings, includes four distinct units featuring a combination of one bedroom one bath, two bedroom one bath, and three studio configurations. The property offers seven convenient uncovered parking spaces, with the ground floor of one building featuring a spacious warehouse ready to be delivered vacant—ideal for business owners seeking an office, shop, or creative space. Above are two residential units, each with a private balcony and a common laundry area. The first unit includes a bright living room flowing into a well sized kitchen, a large bedroom with ample closet space, and potential for in unit laundry. The second unit is a spacious two bedroom apartment with a thoughtful layout for comfort. Across the property are two additional studio units, expanding income opportunities and tenant appeal. The property is well equipped to support both commercial and residential operations. It features 240 volts and a combined 600 amps of electrical service, supported by one commercial water meter, two commercial gas meters, and one commercial electrical meter. The commercial warehouse includes a five ton AC and heat system, while the retail or office area features a three ton system and a zoned AC setup capable of controlling three rooms. Additional commercial highlights include a roll up door, two gates measuring eight and a half by seven and a half feet, an eight by forty foot storage unit, RV parking, and up to twelve parking spaces. The residential section benefits from its own utility infrastructure with one water meter, two gas meters, and four electrical meters. The one bedroom and two bedroom units are equipped with two ton AC and heat systems, while the studio units include efficient two ton mini splits. A private gate secures access to the complex, enhancing privacy and appeal. With flexible configurations ideal for live work arrangements or a diversified rental portfolio, this property caters to business owners, investors, or entrepreneurs seeking value and versatility in a prime area. Seize this opportunity to own a property that balances commercial potential with residential comfort, offering limitless possibilities for growth and return.
Pacoima is located in California.
