12602 Correnti St

Pacoima, CA
$ 3,075,000 Beds 0 Baths 0
Monthly Estimate* How much can I afford?

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 of 20 new units. The 14 existing units have undergone many capital improvements including updated roof, electrical, plumbing, windows, interiors, exteriors, etc.

Single Family

  • Price
  • $ 3,075,000
  • City
  • Pacoima
  • Bedrooms
  • 0
  • Full Bathrooms
  • 0
  • County
  • LOS ANGELES
  • Half Bathrooms
  • 0
  • Area
  • Pacoima
  • Lot Size
  • 0.2066 Acres
  • Zip
  • 91331
  • Style
  • MLS#
  • 26866533
Listed By: Kelly Morgan with Houze Real Estate Management
Data Source: Combined LA/Westside MLS (CLAW)

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Beverly Hills, CA office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

7/31/2026 Listed $3,150,000
9/1/2026 3% - $3,075,000

Property vs Zip Code Average in 91331

Price
AVG $820K
$3.08M
Visits
AVG 76
3
Data Provided by Inside Real Estate®

Areas That We Cover

12602 Correnti St Pacoima, CA is a Single Family Home for sale at $3075000 and a lot size of 0.2066 Acres Acre(s). 12602 Correnti St Pacoima has 0 bedrooms, 0 baths . The property's zip code is 91331 which is in Pacoima, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Your Agent
Karen Harrosh

Karen Harrosh

310-388-3455

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