Renovated Apartment Building with Expansion
For Sale
$3,150,000
12600 Correnti Street, Pacoima, CA 91331
Fourteen upgraded units support an apartment property with plans for additional market-rate housing.
Property Size5,334 SF
Price / SF$590.55
Days on Market34
Property Features for 12600 Correnti Street
General Information
Standard status
Active
Size
5,334 SF
Property subtype
Multi-family
Additional Details
Cap Rate
8%
Multifamily Units
14
Listing Agency:
Houze Real Estate Management
Listed By:
Kelly Morgan
(714) 497-3550
Source:
Sevengables
Added: Jul 28
Changed: Aug 29
Last Checked: Aug 29 at 10:57PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Houze Real Estate Management
Investment Insights
Based on property information with market context.
This apartment building includes 14 existing units that have been renovated through improvements to the roof, electrical and plumbing systems, windows, interiors, and exterior elements. The property also includes preliminary plans for 20 additional market-rate units, creating an expansion component alongside the current apartment inventory.
The proposed addition consists of 8 detached ADUs at the rear, 5 attached ADUs at the front, and 7 additional units planned in the front area by right. The existing property is reported at an 8% current cap rate, while the planned configuration is projected at a 14.3% cap rate and 5.6 GRM.
The proposed addition consists of 8 detached ADUs at the rear, 5 attached ADUs at the front, and 7 additional units planned in the front area by right. The existing property is reported at an 8% current cap rate, while the planned configuration is projected at a 14.3% cap rate and 5.6 GRM.
Key Highlights
- 14 existing renovated apartment units
- Plans for 20 additional market‑rate units
- Expansion plan includes 8 detached ADUs, 5 attached ADUs, and 7 units by right
Property Analytics
Current Use
Lease Details
14
Residential units
Location Intelligence
Trade Area within ½ mile
849
Businesses Nearby
Explore this area
Business Placement
Demographics for 91331, CA
100,720
Population
23,926
Households
4.2
Avg Household Size
35
Median Age
11%
College-Educated
58%
High-School Grad
9.3 sq mi
ZIP Area
10,830
Density / Sq Mi
$82,025
Median Household Income
$34,759
Median Earnings
$1,818
Median Rent
$609,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fourteen upgraded units support an apartment property with plans for additional market-rate housing.
Where is this apartment building located?
The property is located at 12600 Correnti Street Pacoima, CA.
What is the asking price?
The asking price for this property is $3,150,000.
What are key features of this property?
This property features: 14 existing renovated apartment units; Plans for 20 additional market‑rate units; Expansion plan includes 8 detached ADUs, 5 attached ADUs, and 7 units by right
