Language and Region
Currency

Email*

Please enter a valid email address.

To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Message

917 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

12600 Correnti St - 14 Units Covered Land Play - Add 20 Units 14 Unit Apartment Building Offered at $3,300,000 at a 7.50% Cap Rate Pacoima, CA 91331

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

*Property Features* - 14 Renovated units cash flowing at amazing 7.5% Cap Rate & 9.8 GRM from Day 1
*Covered Land Play* - Potential to add 20 additional units consisting of: 7 by right and 13 ADUs.

*Assumable Loan* - Attractive assumable $2.5M loan at 3.9% interest rate through 9/1/2027
*Financial Metrics* - Demand-driven unit mix consisting primarily of 1+1 units.

Executive Summary

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.
Contact us today to request the OM or schedule a private tour.
**Contact Kelly Morgan Multifamily Group for more information (310) 836-3638 or Kelly@KellyMorganCommercial.com**
*Disclaimer:
The attached information and figures are projections provided solely for conceptual marketing purposes and must be verified by the prospective purchasers. Neither the Seller, Alactic Systems, Kelly Morgan, their team, nor any related employees or independent contractors warrant their accuracy. Prospective purchasers should conduct their own due diligence and are advised to conduct a thorough investigation including consulting with the appropriate professionals regarding all relevant details, facts, and projections, including the ability to make any potential improvements or build an ADU on the property in question.

Contact us today to request the OM or schedule a private tour.
**Contact Kelly Morgan Multifamily Group for more information (310) 836-3638 or Kelly@KellyMorganCommercial.com**
*Disclaimer:
The attached information and figures are projections provided solely for conceptual marketing purposes and must be verified by the prospective purchasers. Neither the Seller, Alactic Systems, Kelly Morgan, their team, nor any related employees or independent contractors warrant their accuracy. Prospective purchasers should conduct their own due diligence and are advised to conduct a thorough investigation including consulting with the appropriate professionals regarding all relevant details, facts, and projections, including the ability to make any potential improvements or build an ADU on the property in question.

Correnti St 12600 14U w 20 ADUs

Financial Summary (Actual - 2025)	Annual	Annual Per SF
Gross Rental Income	$333,766	$62.57
Other Income	-	-
Vacancy Loss	$10,013	$1.88
Effective Gross Income	$323,753	$60.70
Taxes	-	-
Operating Expenses	-	-
Total Expenses	$76,218	$14.29
Net Operating Income	$247,535	$46.41

Financial Summary (Actual - 2025)

Gross Rental Income
Annual	$333,766
Annual Per SF	$62.57

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	$10,013
Annual Per SF	$1.88

Effective Gross Income
Annual	$323,753
Annual Per SF	$60.70

Taxes
Annual	-
Annual Per SF	-

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	$76,218
Annual Per SF	$14.29

Net Operating Income
Annual	$247,535
Annual Per SF	$46.41

Property Facts

Price	$3,300,000	Property Type	Multifamily
Price Per Unit	$235,714	Lot Size	0.21 AC
Sale Type	Investment	Building Size	5,334 SF
Cap Rate	7.50%	No. Stories	2
Gross Rent Multiplier	9.89	Year Built	1950
No. Units	14	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	[Q]C2-1VL-CUGU

Price	$3,300,000
Price Per Unit	$235,714
Sale Type	Investment
Cap Rate	7.50%
Gross Rent Multiplier	9.89
No. Units	14
Property Type	Multifamily
Lot Size	0.21 AC
Building Size	5,334 SF
No. Stories	2
Year Built	1950
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	[Q]C2-1VL-CUGU