12360 Osborne Street, Pacoima, CA 91331 - Berkshire Hathaway HomeServices California Properties
12360 Osborne Street Pacoima, CA 91331
$12,500,000 0 beds, 0 baths
0 sqft

Agent Remarks

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 Details

Property type: Apartment (Multi-Family)
Status: Active
MLS# OC25124018
List price is $12,500,000
Beds: 0
Baths: 0
Built in 2008
1.31 acres
Lot size: 1.3070
County: Los Angeles
Zoning: LARD1.5
Parking description: Carport
Lot description: ZeroToOneUnitAcre,Lot Over 40000 Sqft
MLS area: PAC - Pacoima

Last Updated: 6/3/2025

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This listing belongs to the PAC - Pacoima MLS area

Lat/Long: 34.261963, -118.402105.
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Listing Agent: Judson Leibee
Co Listing Agent: Hiiro Tomita
Lic#: 01234982
Office Name: Mission Viejo

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