12360 Osborne St Pacoima, CA 91331

This well-maintained apartment complex features a mix of one, two, and three-bedroom units within multiple three-story buildings. The property is subject to an affordability covenant that expires in 2060. Situated on 1.3 acres, the property offers the potential to add additional units, such as ADUs, subject to buyer verification. Existing city and government loans may be assumable, pending lender approval. The seller may be subject to certain notice provisions under Affordable Housing Preservation Laws, potentially allowing qualified entities to submit offers, which could extend the escrow period. Prospective buyers are encouraged to demonstrate a history and capability of operating an affordable housing apartment complex and to register with the state or local housing authority to become a 'Qualified Entity' to ensure a smooth transaction. Financial information provided by the seller is based on actual rents in compliance with affordability covenants. Scheduled rents and operating expenses are adjusted for vacancies and one-time expenses and include expected property taxes excluding welfare exemptions. Proforma rents are based on market rents that may or may not be fully collectible under affordability covenants and rent control increases. Buyer to verify all information including financials.