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10028 San Fernando Rd
For Sale $3,450,000
$3,450,000
- Unknown Bedrooms
- Unknown Bathrooms
- Unknown Sq Ft
- 9,005 Sq Ft
Description
Huge 750k Price Reduction! 14 existing Renovated units + plans for 20 new units cash flowing at an amazing current Cap Rate of 7.5% from day 1. Attractive 2.6M assumable loan at an incredibly low rate of 3.9% fixed through 09/01/2027 yielding a remarkable 12.8% cash-on-cash return. Preliminary plans to add 20 new units to achieve an unheard of 14.2% Cap Rate, 5.6 GRM, and only 151k/unit after taking into account all the construction costs (~1.7M assuming $250/SF). The plans call for 8 detached ADUs in the back + 5 attached ADUs in the front + 7 new units 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.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $3,450,000 |
| Property Type | Lots/Land |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 0 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 2537012024 |
| MLS # | 26648053 |
| Property ID | 322573101 |
| Lot Sqft | 9,005 |
| Zoning | LAC2 |
| Days on Market | 8 |
| Original List Price | $3,450,000 |
| Date Updated | February 13, 2026 |
| Date Created | February 05, 2026 |
Listing Provided By
Armin Soleimani an agent of Global Platinum Properties, Inc.. Lic #01846872
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Contact Agent
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- America/Phoenix
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Robert Crawford
REAL ESTATE AGENT