Date
Details
Price
Change
Source
10/02/2026
Listed
$3,075,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/17
$3,075,000 Just Listed
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1/17
Property Description
PRICE REDUCTION! 14 Existing Renovated units + plans for 20 new market-rate units cash flowing at an amazing Current Cap Rate of 8.0% from day 1! Attractive 2.48M assumable loan (requiring only ~19% down) at an incredibly low rate of 3.98% fixed through 09/01/2027 yielding a remarkable 16.2% cash-on-cash return. Preliminary plans to add 20 new market-rate units to achieve an unheard of 13.9% Cap Rate, 5.52 GRM, and only 139k/unit after taking into account all the construction costs (~1.67M assuming $250/SF). The project is anticipated to deliver over $3.2MM in net profit after all construction and resale costs, yielding an exceptional 146.5% 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.
Full Property Details
Full Property Details for 12602 Correnti St
General
- Price: $3,075,000
- Status: Active
- Type: Lots/Land
- Source: CLAW
- MLS ID: 26996311
- Updated: 10/2/2026
- Added to Site: 4 day(s) ago
Location
- Area: Pacoima
- County: Los Angeles
- Driving Directions: Subject property is located on the intersection of Correnti and San Fernando Road, north of Osborne Street and east of Laurel Canyon Boulevard.
Lot Features
- Lot Size (Acres): 0.207
- Lot Size: 9001
- Lot Size Source: Assessor
- Zoning: [Q]C2-1VL-CUGU
Disclosures and Reports
- Disclosures/Reports: None
- APN: UNAVAILABLE
Listed by Houze Real Estate Management, Kelly Morgan
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Listing agent
— 12602 Correnti St —
Kelly Morgan
Houze Real Estate Management
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 12602 Correnti St
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
Charles Maclay Middle School 12540 Pierce Ave., Los Angeles, CA 91331 | 6-8 | 1.3 mi |
Sun Valley High School 9171 Telfair Ave., Los Angeles, CA 91352 | 9-12 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 12602 Correnti St
Estimate the Cost
Estimate the Cost for 12602 Correnti St
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- Condo
- Active
- Updated 14 hours ago
- 2Beds
- 2Total Baths
- 797Sq. Ft.
- Single Family
- Active
- Updated 21 hours ago
- 6Beds
- 4Total Baths
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- Single Family
- Active
- Updated 4 days ago
- 3Beds
- 2Total Baths
- 1,217Sq. Ft.
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- Single Family
- Active
- Updated 6 days ago
- 4Beds
- 3Total Baths
- 2,094Sq. Ft.
- Condo
- Active
- Updated 21 hours ago
- 3Beds
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- Single Family
- Active
- Updated 5 days ago
- 2Beds
- 1Total Bath
- 836Sq. Ft.
12602 Correnti St, Pacoima, CA 91331 (MLS# 26996311) is a Lots/Land property with a lot size of 0.2070 acres. 12602 Correnti St is currently listed for $3,075,000 and was received on October 02, 2026. Want to learn more about 12602 Correnti St? Do you have questions about finding other Lots/Land real estate for sale in Los Angeles Southwest? You can browse all Los Angeles Southwest real estate or contact a Coldwell Banker agent to request more information.