CA > Pacoima
Pacoima, CA 91331,10615 San Fernando RD
Pacoima, CA 91331,10615 San Fernando RD
Pacoima, CA 91331,10615 San Fernando RD
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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567
$1,925,000
Est. payment /mo
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UPDATED:

12/05/2024 05:52 AM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID P1-20100

HOA Y/N No

Year Built 1950

Lot Dimensions Assessor

Property Description

Discover a prime investment opportunity with this versatile mixed-use property located at a highly visible intersection in the bustling San Fernando Valley. This property spans 4,733 sqft of total building space on a generous 8,997 sqft lot, blending commercial and residential uses to maximize income potential. Anchored by a 2,300 sqft retail/warehouse space, the property currently houses a hydroponics supply business., offering the flexibility to stay on-site or vacate if required. Adjacent to the commercial space is a detached two-story residential building featuring four units: a spacious 2-bed, 1-bath unit with a patio and in-unit laundry, a 1-bed, 1-bath unit, and two standalone studio units (400 sqft each) that cater to the local rental market's strong demand.Strategically positioned to attract both residential and commercial tenants, this property offers a rare combination of high visibility, ample parking for 10-12 vehicles, and an Approx 7% CAP rate with significant upside potential. Its location provides excellent foot and vehicle traffic, ensuring steady exposure for businesses and convenience for residents. The property is also equipped with an additional storage unit, offering a supplementary income stream. The current configuration delivers immediate cash flow, while a proforma CAP rate of 7.1% (with a 4% rent increase) enhances its long-term growth potential. This is a unique opportunity to own a high-performing, income-generating asset in one of Los Angeles County's most vibrant neighborhoods. Whether you're an investor seeking stable returns or a buyer looking for a strategic mixed-use space, this property is a smart addition to your portfolio.

Location

State CA

County Other

Area Pac - Pacoima

Zoning LACM-1-0

Interior

Heating Propane, Natural Gas

Cooling Central Air

Fireplace No

Laundry Common Area, Upper Level

Exterior

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Propane, Phone Available, Sewer Available, Water Available

Roof Type Flat

Present Use Commercial

Total Parking Spaces 10

Building

Lot Description 0-1 Unit/Acre, Corner Lot, Level, Sprinklers None

Dwelling Type Mixed Use

Water Public

Others

Tax ID 2620029001

Security Features Carbon Monoxide Detector(s),Security Gate,Smoke Detector(s)

Acceptable Financing Cash, Cash to New Loan, Owner May Carry

Listing Terms Cash, Cash to New Loan, Owner May Carry

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Paola Portillo • Sync Brokerage

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Shawn Kormondy

+1(323) 638-7567

Agent | License ID: 01451888

Agent License ID: 01451888

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