12602 Correnti Street Pacoima, CA ^$ 3,150,000

12602 Correnti Street

^$ 3,150,000

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12602 Correnti Street

Pacoima, CA, 91331

^$ 3,150,000

Studio Baths0.0

Monthly Estimate*

^$ 19,889

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Studio

Lots and Land for sale in Pacoima, CA

for $3,150,000. The lot size is 0.21.

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.

Lots and Land Active

Price

^$ 3,150,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 0

Style

Lot Size

0.21

Town/City

Pacoima

County/Region

Los Angeles

MLS | Web ID

0026832921

Features

General

Zoning [Q]C2-1VL-CUGU

County Los Angeles

New Construction false

Property Type Land

HOA false

Status Active

City Pacoima

Senior Community Y/N false

MLS Area PAC - Pacoima

Lot Size Units Square Feet

Lot Size Square Feet 9001

Standard Status Active

Interior

Total Baths 0

Exterior

Water Source None

Lot Size Area 9001

Lot Size Acres 0.21

* Excluded Features

List By

Kelly Morgan

Listing Agent

Houze Real Estate Management

Broker

Kelly@KellyMorganCommercial.com

Affordability Calculator

$19,889

Per Month

Monthly Principal & Interest: $19,889
Monthly Property Taxes: --
Monthly Home Insurance: --

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Interest Rate

Yearly Property Taxes

Yearly Home Insurance

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.

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Nearby

Trends
Schools

Lots and land listings in Pacoima, CA

Average List Price ^$2,624,817

Percent of Sale Price 17%

About Pacoima, CA

105,083 Population

8% Since 2002

^$54,517 Median Income

32.67 Median Age

40% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

0 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
6/30/2026	$3,150,000	-4.55%	Price Down
5/13/2026	$3,300,000		Listed Price

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12602 Correnti Street, Pacoima, CA, 91331 is a Lots and Land for sale at $3,150,000 with a lot size of 0.21. 12602 Correnti Street is a studio with 0.0 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.

Listing data provided courtesy of the Internet Data Exchange Program of the California Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 6/30/2026. 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.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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12602 Correnti Street

Lots and Land for sale in Pacoima, CA

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