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California Regional Multiple Listing Service

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Home / Pacoima / 12602 Correnti Street
12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 12602 Correnti Street Pacoima, CA 91331 View All Photos

$3,075,000

| Active

12602 Correnti Street

Pacoima, CA 91331

0.21
Acres
33
Days on Market
26866533
MLS#
Land
Structure
Residential
Zone
Contact
Listing OfficeHouze Real Estate Management

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.

Property Details
Acres
0.207
Lot Size (sqft)
9001.0
Parking Spaces
0.0
Property Type
Purchase
County
Los Angeles
Region
Pacoima
Zoning
[Q]C2-1VL-CUGU
Original List Price
$3,150,000
MLS #
26866533
Property Subtype
Land
Parcel Number
UNAVAILABLE
MLS #
26866533
Date Listed
July 30, 2026
Address
12602 Correnti Street
Location
Legal

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

Provided By
Listed by Kelly Morgan (#CLW-C121229)
Listing Office: Houze Real Estate Management (#CLW-X71068)

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