Jessie Espinosa - DRE#01912741
(209) 652-8112jessie@espinosa.org
Jessie Espinosa | Century 21 Select Real Estate, Turlock
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    • Jessie Espinosa - DRE#01912741(209) 652-8112
      jessie@espinosa.org
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    • 1351 Geer Road, Ste. 103
      Turlock, CA 95380

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      The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

      Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. 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

      Fresno MLS

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      $3,550,000
      For Sale

      10028 San Fernando Road #34

      Pacoima, CA 91331
      0.21 acres | #25625417
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      Listing OfficeGlobal Platinum Properties, Inc.
      16 photos
      Type:Purchase
      Structure:Land
      Zone:Residential

      Description

      Huge 650k Price Reduction! 14 existing Renovated units + plans for 20 new units cash flowing at an amazing current Cap Rate of 7.25% from day 1. Attractive 2.6M assumable loan at an incredibly low rate of 3.9% fixed through 09/01/2027 yielding a remarkable 11.3% cash-on-cash return. Preliminary plans to add 20 new units to achieve an unheard of 13.9% Cap Rate, 5.7 GRM, and only 149k/unit after taking into account all the construction costs (~1.7M assuming $250/SF). The plans call for 8 detached ADUs in the back + 5 attached ADUs in the front + 7 new units 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.

      • Property Details
          • CountyLos Angeles
          • Original List Price$3,550,000
          • Cost3550000.0
          • Property TypePurchase
          • MLS #25625417
          • MLS #25625417
          • Acres0.2067
          • Property SubtypeLand

      Location

      Legal

      The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

      Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. 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

      Last Updated: Today at 1:59 AM. Source: CRMLS

      Provided By
      Listing Agent: Armin Soleimani (#CLW-C120232)
      Listing Office: Global Platinum Properties, Inc. (#CLW-X82397)

      Jessie Espinosa | Century 21 Select Real Estate, TurlockReal Estate Group
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