12600 Correnti Street
Pacoima, CA 91331
13
Bed
14
Bath
5,334Sqft
9,001Sqft(Lot)
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
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 13Bathroom Information
Total Baths: 14 -
Heating & Cooling
Has Heating: Yes Heating: WallFurnace Has Cooling: Yes Cooling: WallWindowUnits
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Building Information
Building Area Total: 5334Stories: 2Private Pool: No
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Lot Information
Main Square Feet: 9001 Lot Size Acres: 0.2066 Lot Size Source: Assessor Lot Size Square Feet: 9,001
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Listing Price Information
Listing Price: $3075000Original Price: $3150000
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Tax Information
Parcel Number: UNAVAILABLE
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Virtual Tour
Parking Information
Parking Total: 14 Gated, Uncovered
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Location Information
Direction: Subject property is located on the intersection of Correnti and San Fernando Road, north of Osborne Street and east of Laurel Canyon Boulevard.
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 11338 Dronfield Avenue, Pacoima, CA, 91331 | $940,000 | 5 | 5 | 2,874 | 8,192 Sq. Ft |
| 10471 Glenoaks Boulevar.., Pacoima, CA, 91331 | $161,950 | 1 | 1 | 650 | -- |
| 11930 Bromont, Pacoima, CA, 91331 | $714,000 | 3 | 2 | 1,075 | 6,515 Sq. Ft |
| 11900 Cometa Avenue, Pacoima, CA, 91331 | $850,000 | 3 | 2 | 1,075 | 6,000 Sq. Ft |
| 10349 Diamond Way, Pacoima, CA, 91331 | $699,999 | 4 | 3 | 1,490 | 1,749 Sq. Ft |
| 10351 Diamond, Pacoima, CA, 91331 | $679,000 | 4 | 3 | 1,490 | 1,716 Sq. Ft |
| 10648 Empire Drive, Pacoima, CA, 91331 | $800,000 | 4 | 2 | 1,679 | 7,501 Sq. Ft |
| 11863 Phillippi Avenue, Pacoima, CA, 91331 | $799,000 | 4 | 3 | 2,100 | 5,601 Sq. Ft |
| 12660 Gain Street, Pacoima, CA, 91331 | $1,000,000 | 4 | 3 | 1,946 | 9,916 Sq. Ft |
| 11848 Chadron, Pacoima, CA, 91331 | $825,000 | 4 | 3 | 1,435 | 6,474 Sq. Ft |
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ByOwner last updated this listing 09/21/2026 @ 14:52
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