12360 Osborne St Pacoima, CA 91331
Estimated payment $75,619/month
About This Home
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.
Listing Agent
JCI Real Estate, Inc. Brokerage Phone: 949-226-2858 License #01824779 Listed on: 06/03/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 2008
Lot Details
- 1.31 Acre Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 83,617 Sq Ft Home
- 3-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Parking
- 20 Parking Spaces
- 20 Carport Spaces
- Parking Available
Location
- Urban Location
Listing and Financial Details
- Tax Lot 45
- Tax Tract Number 1510
- Assessor Parcel Number 2536015225
- $10,486 per year additional tax assessments
Community Details
Overview
- 6 Buildings
- 51 Units
Building Details
- Rent Control
- Electric Expense $48,000
- Gardener Expense $36,000
- Insurance Expense $15,000
- Other Expense $30,600
- Professional Management Expense $12,000
- Security Expense $20,724
- New Taxes Expense $141,250
- Operating Expense $303,574
- Gross Income $727,092
- Net Operating Income $418,864
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/15/2025 07/15/25 | Price Changed | $11,950,000 | -4.4% | $143 / Sq Ft |
| 06/03/2025 06/03/25 | For Sale | $12,500,000 | +2617.4% | $149 / Sq Ft |
| 11/21/2018 11/21/18 | Sold | $460,000 | -4.1% | $319 / Sq Ft |
| 10/15/2018 10/15/18 | Pending | -- | -- | -- |
| 08/14/2018 08/14/18 | Price Changed | $479,900 | -4.0% | $333 / Sq Ft |
| 08/09/2018 08/09/18 | Price Changed | $499,900 | -2.0% | $347 / Sq Ft |
| 06/28/2018 06/28/18 | For Sale | $509,900 | -- | $354 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC25124018
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Based on information from California Regional Multiple Listing Service, Inc. 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
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