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For sale
  • Listing Provided by: 

    Judson Leibee DRE #01824779 949-226-2858,

    JCI Real Estate, Inc.,

    Hiiro Tomita DRE #02024651 661-706-1517,

    JCI Real Estate, Inc.

    Price cut: $550K (7/15)
    $11,950,000

    12360 Osborne St #F320A52C6, Pacoima, CA 91331

    109beds
    72baths
    83,617sqft
    : 
    Multi Family
    Built in 2008
    -- sqft lot
    $-- Zestimate®
    $143/sqft
    $-- HOA

    What's special

    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.
    68 days
    on Zillow
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    240
    |
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    Zillow last checked: 7 hours ago

    Listing updated: July 15, 2025 at 09:15am

    Listing Provided by:

    Judson Leibee DRE #01824779 949-226-2858,

    JCI Real Estate, Inc.,

    Hiiro Tomita DRE #02024651 661-706-1517,

    JCI Real Estate, Inc.

    Source: CRMLS,MLS#: OC25124018MLS LogoOriginating MLS: California Regional MLS
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    Next available tour time:Today at 6:30pm

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 109
    • Bathrooms: 72
    Appliances
    • Laundry: See Remarks
    Features
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 83,617
    • Total interior livable area: 83,617 sqft

    Property

    Parking
    • Total spaces: 20
    • Parking features: Carport
    • Carport spaces: 20
    Features
    • Levels: Three Or More
    • Stories: 3
    • Entry location: front
    • Pool features: None
    Lot
    • Size: 1.31 Acres
    • Features: 0-1 Unit/Acre, Lot Over 40000 Sqft
    Details
    • Parcel number: 2536015225
    • Zoning: LARD1.5
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 2008

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Sidewalks, Urban
    Location
    • Region: Pacoima

    Financial & listing details

    • Price per square foot: $143/sqft
    • Date on market: 6/3/2025
    • Listing terms: Cash to Existing Loan,Cash to New Loan,Government Loan
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