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  • 12602 Correnti Street

12602 Correnti Street, Pacoima, CA 91331

$3,150,000 Approx. USD 0 beds, 0 baths

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Photo of Celeste Anson

Celeste Anson REALTOR® - Sales Associate 818-415-7143 m
818-449-0848 o
Lic#: 02029688
NRDS ID: 207064850
celesteanson@bhhscal.com Text Me
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Lic#: 02029688
NRDS ID: 207064850
celesteanson@bhhscal.com Calabasas Office
23925 Park Sorrento
Calabasas, CA 91302
Phone: 818-223-9100
Fax: 818-876-3100
 Calabasas 23925 Park Sorrento
Calabasas, CA 91302
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Fax: 818-876-3100
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Listing Agent


Kelly Morgan | Kelly@KellyMorganCommercial.com
Lic#: 01898026
Broker: Courtesy of Houze Real Estate Management
Phone: 310-836-3638

Agent Remarks

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 2.5M assumable loan (requiring only ~17% down) at an incredibly low rate of 3.9% fixed through 09/01/2027 yielding a remarkable 15.79% cash-on-cash return. Preliminary plans to add 20 new market-rate units to achieve an unheard of 14.4% Cap Rate, 5.6 GRM, and only 141k/unit after taking into account all the construction costs (~1.7M assuming $250/SF). The project is anticipated to deliver over $2.79MM in net profit after all construction and resale costs, yielding an exceptional 125% 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.

Listing Details

Property type: (Lots/Land)
Status: Active
MLS# 26832921
List price is $3,150,000 Reduced by $150,000 on 6/30/2026
Price: $3,150,000
Beds: 0
Baths: 0
0.21 acres
Lot size: 0.2066
County: Los Angeles
Zoning: [Q]C2-1VL-CUGU
MLS area: PAC - Pacoima

Last Updated: 6/30/2026

 Days On Market (DOM): 68

 Find more Pacoima homes and real estate

 Find more homes in 91331 zip code

This listing belongs to the PAC - Pacoima MLS area

Lat/Long: 34.253021, -118.407578.
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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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Photo of Celeste Anson

Celeste Anson REALTOR® - Sales Associate 818-415-7143 m
818-449-0848 o
Lic#: 02029688
NRDS ID: 207064850
celesteanson@bhhscal.com Text Me
Call My Cell
Call My Office
Lic#: 02029688
NRDS ID: 207064850
celesteanson@bhhscal.com
Calabasas Office
23925 Park Sorrento
Calabasas, CA 91302
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