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!!!!
Discover the incredible potential of this 3-Unit residential income property, nestled on a sprawling 1.25 acre flat lot. This expansive property includes three detached homes and a nursery, offering both immediate rental income and long-term growth possibilities. The main residence feature a 4 bed, 2 bath home (1304 Sqft) with a 2 car garage, while the second unit offers a 3 bed, 2 bath home (1237 Sqft) with a 2-car garage. The third unit is a cozy 2 bed 1 bath home (803 Sqft) with a 1 car garage. All homes are conveniently accessed through a private concrete driveway. Whether you choose to live one and rent out the other or lease all units for maximum income, this property promises great returns. Additionally, the property offers tremendous upside potential with the possibility of adding ADU's. subdividing, or even redeveloping the lot. Ideally located close to schools, freeways, shopping, and the Hansen Dam Golf Course, this is an opportunity not be missed!
Huge 750k Price Reduction! 14 existing Renovated units + plans for 20 new units cash flowing at an amazing current Cap Rate of 7.5% from day 1. Attractive 2.6M assumable loan at an incredibly low rate of 3.9% fixed through 09/01/2027 yielding a remarkable 12.8% cash-on-cash return. Preliminary plans to add 20 new units to achieve an unheard of 14.2% Cap Rate, 5.6 GRM, and only 151k/unit after taking into account all the construction costs (~1.7M assuming $250/SF). 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.
Exceptionally well-maintained apartment complex consisting of a good mix of 1, 2, and 3 bedroom units across multiple three-story structures. The property is subject to an restrictive affordability covenant that expires in 2060. Situated on 1.3 acres, the property also offers the potential to add additional units such as ADU's (buyer to verify). Existing City / Government loans may be assumable subject to Lenders' approval. Seller may be subject to certain notice provisions under the Affordable Housing Preservation Laws, including a possible opportunity for certain qualified entities to submit an offer, which may extend close of escrow. Prospective Buyers are encouraged to be able to show proof of history and ability to operate an affordable housing apartment complex, and encouraged to register with the state and/or local housing authority to become a "Qualified Entity" in order to ensure a smooth and timely transaction. Buyer to verify all information including financials. Financial information provided by Seller is based on actual rents in compliance with affordability covenants; scheduled rents and operating expenses are adjusted to adjust for vacancies and one-time expenses and include expected property taxes excluding welfare exemptions (ie a nonprofit Buyer would likely be entitled to welfare exemption and thus reduced property taxes compared to what is shown); and proforma rents are based on market rents that may or may not be able to be fully collected under affordability covenants and rent control increases.
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.
* Copper Piping Throughout * Sewer only 3 years old. INVESTMENT OPPORTUNITY. This 10-unit apartment building located at 13226 Paxton Street in Pacoima presents a compelling investment opportunity. Boasting a monthly rental income of $15,157.05, with each unit individually metered for gas and electric, this property promises stable returns for savvy investors. With a 100% occupancy rate, this building offers immediate cash flow and a solid foundation for long-term growth. The steady rental income provides a reliable source of passive income, making it an attractive option for investors seeking to diversify their portfolio or expand their real estate holdings. Additionally, the separately metered utilities offer potential for cost savings and increased profitability, as tenants are responsible for their own gas and electric bills. All information to be verified by buyer and buyer's broker. Seller and Seller's Broker do not guarantee any information regarding property, square footage, use, zoning, or any other factor of the property. Buyer and buyer's broker to do their own due diligence and satisfy themselves.
Pacoima is located in California. Pacoima 91331 is less family-centric than the surrounding county with 28.08% of the households containing married families with children. The county average for households married with children is 30.99%.
