10028 San Fernando Road, Pacoima, CA 91331 - Berkshire Hathaway HomeServices California Properties

10028 San Fernando Road, Pacoima, CA 91331

$4,195,000 Approx. USD 14 beds, 14 baths
5,334 sqft

Listing Agent


Armin Soleimani | arminsoleimani@gmail.com
Lic#: 01846872
Broker: Courtesy of Global Platinum Properties, Inc.

Co Listing Agent


Julio Ruiz | ziuroiluj@gmail.com
Lic#: 01911261
Broker: Courtesy of Global Platinum Properties, Inc.

Agent Remarks

14 Renovated units cash flowing at an amazing current Cap Rate of 6% from day 1. Attractive 2.6M assumable loan at an incredibly low rate of 3.9% fixed through 09/01/2027. Preliminary plans to add 20 new units to achieve an unheard 11.5% Cap Rate, 6.8 GRM, and only 173k/unit after taking into account all the construction costs (~1.7M assuming $250/SF). The preliminary 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.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25519955
Price: $4,195,000
Beds: 14
Baths: 14
Built in 1950
5,334 sqft
2 stories
0.21 acres
Lot size: 0.2067
County: Los Angeles
Zoning: LAC2
Appliances: Microwave
Parking description: Gated,Unassigned
Heating/cooling: None
Heating description: Wall Furnace
MLS area: PAC - Pacoima

Last Updated: 4/18/2025

 Days On Market (DOM): 36

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This listing belongs to the PAC - Pacoima MLS area

Lat/Long: 34.253076, -118.407160.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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