PRICE REDUCTION! 14 Existing Renovated units + plans for 20 new market-rate units cash flowing at an amazing Current Cap Rate of 8.0% 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 146.5% 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.
PRICE REDUCTION! 14 Existing Renovated units + plans for 20 new market-rate units cash flowing at an amazing Current Cap Rate of 8.0% 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 146.5% 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.
INVESTMENT, INVESTMENT, INVESTMENT. .......HUGE LOT with 3 Adresses: 10004 SAN FERNANDO RD. .......10006 SAN FERNANDO RD........ & .......12545 Bromwich St. THREE HOMES IN ONE LOT with an aproximated value for each home of $390,000 wow!!!!!..........This Triplex featurs three 2 bed / 1 bath homes. Each home has an INDEPENDENT & SEPARATED WATER, GAS AND ELECTRICAL METER. Great news, the utility meters could be then paid by the tenants and not by the LANDLORD since each house has its own utility meter......... Each HOUSE has a separated and gated parking with capacity between 3 to 15 cars........... This property has a RESIDENTIAL & COMMERCIAL zoning...... WHAT DO YOU SAY?........YES, THIS PROPERTY HAS A COMMERCIAL ZONING TOO!!!!!!!!!!!!................The NEIGHBOR NEXT DOOR IS USING THE LAND LEGALLY AS COMMERCIAL PROPERTY............THE NEIGHBOR HAS A TRUCKING BUSINESS.........WHAT IS YOURS? ?????........ Or Live in one HOUSE and rent the other two....... THIS PROPERTY is Conveniently located near shopping, dining, parks like the Hansen Dam Recreation Area, public transportation, and nearby, a major freeway access to the 5, 118, 210, 170 and 14 FREEWAYS.............THIS PROPERTY HAS A FUTURE LIGHT RAIL CONNECTIVITY adding to the area’s long-term potential............ DO NOT LET THIS OPPORTUNITY LEAVE YOU BEHIND,......... DO NOT HESSITATE TO CALL, ........DO NOT PROCRASTINATE TO CALL, JUST CALL THE AGENT NOW BEFORE IT IS GONE! Private Showings Available! JUST MAKE A CALL FOR MORE INFORMATION, THANK YOU FOR YOUR BUSINESS.
Pacoima is located in California.
