Pacoima, CA 91331,12360 Osborne Street
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Pacoima, CA 91331,12360 Osborne Street
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Mike Althof

Mike Althof

+1(619) 417-5766
$ 11,950,000
Est. payment /mo
Save
Active

12360 Osborne Street Pacoima, CA 91331

6 Beds

4 Baths

1.31 Acres Lot

UPDATED:

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

Lot Size 1.307 Acres

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

Senior Community No

Tax ID 2536015225

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

NEARBY SCHOOLS & PROPERTIES

SCHOOLSPROPERTIES
Elementary Schools 20
  • 8

    Vena Avenue Elementary

    Public | KG - 5

  • 8

    Harding Street Elementary School

    Public | KG - 5

  • 8

    Brainard Elementary School

    Public | KG - 5

  • 6

    O'Melveny Elementary School

    Public | PK - 5

  • 6

    Stonehurst Elementary School

    Public | PK - 5

  • 5

    Liggett Street Elementary School

    Public | KG - 5

  • 5

    Morningside Elementary School

    Public | KG - 5

  • 5

    Sharp Avenue Elementary

    Public | KG - 5

  • 5

    Vaughn Next Century Learning Center

    Public | KG - 12

  • 5

    Montague Charter Academy

    Public | KG - 5

  • 5

    Roscoe Elementary

    Public | KG - 5

  • 4

    Chase Street Elementary

    Public | KG - 5

  • 4

    Canterbury Avenue Elementary School

    Public | KG - 5

  • 4

    Vista Del Valle Dual Language Academy

    Public | PK - 5

  • 4

    Pacoima Elementary

    Public | PK - 5

  • 4

    Broadous Elementary School

    Public | KG - 5

  • 3

    Bert Corona Charter

    Public | 5 - 8

  • 3

    Fernangeles Elementary

    Public | PK - 5

  • 3

    Fenton Avenue Elementary

    Public | 3 - 5

  • 2

    Gridley Street Elementary School

    Public | KG - 5

Middle Schools 9
  • 6

    Puc Community Charter Middle School

    Public | 6 - 8

  • 5

    Puc Lakeview Charter Academy

    Public | 6 - 8

  • 4

    Richard E. Byrd Middle School

    Public | 6 - 8

  • 4

    Charles Maclay Middle School

    Public | 6 - 8

  • 3

    San Fernando Middle School

    Public | 6 - 8

  • 3

    Pacoima Middle School

    Public | 6 - 8

  • 1

    Phoenix Academy Residential Education Center

    Public | 7 - 12

  • 0

    Puc Nueva Esperanza Charter Academy

    Public | 6 - 8

  • 0

    San Fernando Institute of Applied Media

    Public | 6 - 8

High Schools 15
  • 8

    Puc Lakeview Charter High School

    Public | 9 - 12

  • 6

    Cesar E. Chavez Learning Academies - Social Justice Humanitas

    Public | 9 - 12

  • 6

    Discovery Charter Preparatory No. 2

    Public | 9 - 12

  • 5

    Arleta High School

    Public | 9 - 12

  • 5

    San Fernando High School

    Public | 9 - 12

  • 5

    Cesar E. Chavez Learning Academies-Arts, Theatre, Entertatinment

    Public | 9 - 12

  • 4

    Cesar E. Chavez Learning Academies - Academy of Science Exploration

    Public | 9 - 12

  • 4

    Francis Polytechnic Senior High School

    Public | 9 - 12

  • 1

    Cesar E. Chavez Learning Academies - Technology Preparatory Academy

    Public | 9 - 12

  • 1

    Sun Valley High School

    Public | 9 - 12

  • 0

    Mission Continuation

    Public | 9 - 12

  • 0

    St Genevieve High School

    Private | 9 - 12

  • 0

    Robert H. Lewis Continuation

    Public | 9 - 12

  • 0

    Puc Triumph Charter High School

    Public | 9 - 12

  • 0

    Puc Community Charter Early College High School

    Public | 9 - 12

School and business data provided by Attom Data.
Mike Althof

Mike Althof

Broker Associate, Althof & Associates Team Lead | License ID: 01245962

+1(619) 417-5766

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