Description
Huge 900k Price Reduction! 14 existing Renovated units + plans for 20 new units cash flowing at an amazing Current Cap Rate of 7.75% from day 1. Attractive 2.6M assumable loan (Need only ~20% Down) at an incredibly low rate of 3.9% fixed through 09/01/2027 yielding a remarkable 14.9% cash-on-cash return. Preliminary plans to add 20 new units to achieve an unheard of 14.6% Cap Rate, 5.5 GRM, and only 148k/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.
Address
Open on Google Maps- Address 10028 San Fernando Road
- State/county CA
- Zip/Postal Code 91331
- Country US
Details
Updated on March 5, 2026 at 12:09 am- Property ID: 26648039
- Price: $3,325,000
- Property Size: 5334 Sqft
- Land Area: 0.2067 Acres
- Bedrooms: 14
- Bathrooms: 14
- Garage Size: x x
- Year Built: 1950
- Property Type: Residential Income
- Property Status: Active
Additional details
- Cooling: None
- Heating: Wall Furnace
- County: Los Angeles
- Property Type: Residential Income
- Parking: Gated, Unassigned
