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12600 Correnti St, 
Pacoima, CA 91331

$3,150,000

13

Beds

14

Baths

5,334

Sq Ft

Multi-Family

Active

Listed by

Kelly Morgan

Houze Real Estate Management

323-852-1372

Last updated:

August 16, 2026, 01:57 PM

MLS#

26866525

Source:

CA CLAW

About This Home

12600 Correnti St

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 15.7% cash-on-cash return. Preliminary plans to add 20 new market-rate units to achieve an unheard of 14.3% 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 $2.7MM in net profit after all construction and resale costs, yielding an exceptional 125.9% 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.

Home Facts

Multi-Family

14 Baths

13 Bedrooms

Price Summary

3,150,000

$590 per Sq. Ft.

MLS #:

26866525

Last Updated:

August 16, 2026, 01:57 PM

Added:

17 day(s) ago

Rooms & Interior

Bedrooms

Total Bedrooms:

13

Bathrooms

Total Bathrooms:

14

Interior

Living Area:

5,334 Sq. Ft.

Lot

Lot Size (Sq. Ft):

9,001

Finances & Disclosures

Finances

Price:

$3,150,000

Price per Sq. Ft:

$590 per Sq. Ft.

Source:CA CLAW
The information being provided by The Mls/Claw is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 The Mls/Claw All rights reserved. CA CLAW Member Broker: Dennis Rosas

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.