Pacoima Land for Sale

Welcome to Pacoima, a vibrant neighborhood nestled in the heart of Los Angeles County, California. Known for its rich cultural diversity and strong sense of community, Pacoima offers a unique blend of urban convenience and suburban charm. With its picturesque tree-lined streets, local parks, and family-friendly atmosphere, it’s no wonder that more and more people are looking to call this area home.

Pacoima is steeped in history and has evolved significantly over the years. From its roots as a small agricultural community to its current status as a thriving urban hub, the neighborhood boasts a variety of amenities, including shopping centers, restaurants, and recreational facilities. The area is also well-connected to major highways and public transportation, making it easy to explore all that Los Angeles has to offer.

For those looking to invest in land, Pacoima presents an exciting opportunity. With several parcels of land for sale, you can envision your dream project in this dynamic community. Whether you’re considering residential development, commercial ventures, or simply a tranquil retreat, the possibilities are endless. The local real estate market is on the rise, and now is the perfect time to secure your piece of this growing neighborhood.

Imagine creating a space that reflects the vibrant spirit of Pacoima. With its welcoming atmosphere and supportive community, you’ll find that this area is not just a place to live, but a place to thrive. Come explore the land for sale in Pacoima and take the first step toward turning your vision into reality!

Newest Pacoima Land for Sale

$3,150,000

ACTIVE Status

PRICE REDUCTION! 14 Existing Renovated units + plans for 20 new market-rate units cash flowing at an amazing Current Cap Rate of 8% from day 1! Attractive 2.5M assumable loan (requiring only ~17% down) at an incredibly low rate of 3.9% fixed through 09/01/2027 yielding a remarkable 15.79% cash-on-cash return. Preliminary plans to add 20 new market-rate units to achieve an unheard of 14.4% Cap Rate, 5.6 GRM, and only 141k/unit after taking into account all the construction costs (~1.7M assuming $250/SF). The project is anticipated to deliver over $2.79MM in net profit after all construction and resale costs, yielding an exceptional 125% 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.

12602 Correnti St, Pacoima

Courtesy of Houze Real Estate Management, Kelly Morgan - CA DRE#01898026

$3,950,000

ACTIVE Status

We are excited to present 12335 Osborne Place, a 100% affordable development project located in Pacoima, California. This 46,035 square foot (1.06 acre) lot will be delivered with RTI (Ready to Issue) plans for a 5-story building that will include 293 affordable units. The project plans feature a great unit mix of 281 one-bedroom units, and 12 two-bedroom units. Additionally, zero parking is required per AB 2345. This offering is situated within a qualied Opportunity Zone, providing a range of benets for investors. Investors can take advantage of signicant tax incentives, including the deferral, reduction, and potential elimination of capital gains taxes, which can greatly enhance overall returns. Furthermore, the project will benet from ongoing and future developments in the area, leading to rent growth and gentrication. The city of Pacoima is undergoing revitalization by developing a pedestrian-friendly and community-oriented downtown along Van Nuys Blvd, stretching between Laurel Canyon Blvd and San Fernando Rd. Phase 1 of this initiative has already been implemented, which included measures to slow down trafc along Van Nuys Blvd. The city is collaborating with the County of Los Angeles to secure funding for the next stage of revitalization. This next phase aims to enhance the facades of existing structures in the area with the goal of establishing a vibrant city center focused on the arts, shopping, dining, and new nightlife opportunities.

12335 Osborne Pl, Pacoima

Courtesy of Marcus & Millichap, Filip Niculete - CA DRE#01905352

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