CA > Pacoima
Pacoima, CA 91331,12360 Osborne Street
Pacoima, CA 91331,12360 Osborne Street
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$11,950,000
Est. payment /mo
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6 Beds
4 Baths
Price Dropped by $550K

12360 Osborne Street Pacoima, CA 91331

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Richard Combs

Richard Combs

+1(619) 838-9307

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC25124018

Bedrooms 6

Property Sub-Type Res Income 2-4 Units

Property Description

Exceptionally well-maintained apartment complex consisting of a good mix of 1, 2, and 3 bedroom units across multiple three-story structures. The property is subject to an restrictive affordability covenant that expires in 2060. Situated on 1.3 acres, the property also offers the potential to add additional units such as ADU's (buyer to verify). Existing City / Government loans may be assumable subject to Lenders' approval. Seller may be subject to certain notice provisions under the Affordable Housing Preservation Laws, including a possible opportunity for certain qualified entities to submit an offer, which may extend close of escrow. Prospective Buyers are encouraged to be able to show proof of history and ability to operate an affordable housing apartment complex, and encouraged to register with the state and/or local housing authority to become a "Qualified Entity" in order to ensure a smooth and timely transaction. Buyer to verify all information including financials. Financial information provided by Seller is based on actual rents in compliance with affordability covenants; scheduled rents and operating expenses are adjusted to adjust for vacancies and one-time expenses and include expected property taxes excluding welfare exemptions (ie a nonprofit Buyer would likely be entitled to welfare exemption and thus reduced property taxes compared to what is shown); and proforma rents are based on market rents that may or may not be able to be fully collected under affordability covenants and rent control increases.

Location

State CA

County Los Angeles

Zoning Assessor

Direction Osborne Street by Whiteman airport

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 3

Level or Stories 3

Others

Tax ID 2536015225

MLS Router / San Diego MLS
Listed by Judson Leibee JCI Real Estate, Inc.

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agent

Richard Combs

Broker | License ID: 01526804

+1(619) 838-9307

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12360 Osborne Street

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