When was property at 12602 Correnti Street built and last sold?

The property at 12602 Correnti Street was built in 1930 and last sold on Dec 8, 2008 for $174,500.

How much is this home worth?

The estimated value of the home located at 12602 Correnti Street is $3,105,750.

What are some comparable homes to 12602 Correnti Street?

There are currently no comparable homes to 12602 Correnti Street.

Los Angeles

91331

Pacoima

12602 Correnti Street

Map

$3,075,000

● Land - For Sale

12602 Correnti Street

Pacoima, CA 91331

Studio

0 Bath

$15,099

Est. Monthly

About This Property

PRICE REDUCTION! 14 Existing Renovated units + plans for 20 new market-rate units cash flowing at an amazing Current Cap Rate of 8.0% from day 1! Attractive 2.48M assumable loan (requiring only ~19% down) at an incredibly low rate of 3.98% fixed through 09/01/2027 yielding a remarkable 16.2% cash-on-cash return. Preliminary plans to add 20 new market-rate units to achieve an unheard of 13.9% Cap Rate, 5.52 GRM, and only 139k/unit after taking into account all the construction costs (~1.67M assuming $250/SF). The project is anticipated to deliver over $3.2MM in net profit after all construction and resale costs, yielding an exceptional 146.5% 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.

Unit Size

Days on Market

21 days

Land Size

0.21 acres

Price per sqft

Property Type

Land

Property Taxes

HOA Dues

Year Built

1930

Listed By

Kelly Morgan

[email protected]

Sereno

Payment Calculator

Cap Rate Calculator

Last updated: 20 days ago (CLAW #26996311)

Price History

Date / Event	Date	Event	Price
Oct 2, 2026	Listed by Houze Real Estate Management	$3,075,000
Listed by Houze Real Estate Management

Property Highlights

Exterior Details

Lot Size Area: 9001

Lot Size Units: Square Feet

Lot Size Acres: 0.2066

Lot Size Square Feet: 9001

Building Info

Overview

General

Year Built: 1930

Effective Year Built: 1934
Building Count: 1
Total Rooms: 6
Bedroom Count: 3
Bathroom Count: 1
Full Bathrooms: 1
Partial Bathrooms: 1
Building Condition: 6
Building Quality: 10
Construction Type: 17
Building Style: 15
Exterior Walls Type: 0
Interior Walls Type: 0
Roof Shape Type: 1
Roof Cover Type: 3
Floor Count: 100
Living Units: 1
Floor Cover: 0
Basement Type: 0
Basement Area: 0
Garage Type: 0
Parking Space Count: 1
Patio Type: 0
Porch Type: 0
Pool Type: 0

Dimensions

Lot Size Square Feet: 8,277

Lot Size Depth Feet: 1,450
Lot Size Frontage Feet: 570
Total Building Area: 984
Building Area: 984
Building Area Measurement: L

Heating and Cooling

Air Conditioning: 0

Heating: 6
Heated Square Feet: 984
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: 6026
Land Acres: 0000000190
Standard Land Use Code: 1001
County Land Use Code: 0100
Legal Description 1: TRACT # 6026 LOT/SEC 50

Neighborhood

School District Name: Los Angeles Unified School District

Census Tract: 104703

Zoning

Zoning: LAR1

Geography

Assessors Map Reference: 9-B3

Subdivision Tract Number: 6026
Parcel: 2537-011-008
Lot: 50
Municipality: NORTH /NORTH HILLS
Latitude: 34.254
Longitude: -118.407

Address

Full Address: 12602 Wingo St

Address - House Number: 12602
Address - Street Name: Wingo
Address - Suffix Type: St
State: CA
City Name: Pacoima
Carrier Code: C007
4-Digit Zip Code: 2138
Zip Code: 91331

Valuation

Tax

Tax Year: 2022

Tax Amount: $275,446
Tax Rate Code Area: 00-013

Appraisal Valuation

Standard Deviation: 0.2318

Valuation Date: Aug 04, 2023
Confidence Score: 67
Final Value: 619,581
High Value: 763,200
Low Value: 475,962

Open Liens

Total Open Liens:

Premium

Total Open Liens Amount:

Premium
First Open Lien Mortgage Lender:

Premium
First Open Lien Mortgage Recording Date:

Premium
First Open Lien Mortgage Loan Amount:

Premium
First Open Lien Mortgage Term:

Premium
First Open Lien Mortgage Position:

Premium
First Open Lien Mortgage Loan Type:

Premium
First Open Lien Mortgage Loan Due Date:

Premium

Assessments Valuation

Assessed Year: 2023

Assessed Total Value: $215,481
Assessed Land Value: $172,414
Assessed Improvements Value: $43,067

Sales

Current Sale Contract Date: Dec 08, 2008

Current Sale Recording Date: Feb 11, 2009
Current Sale Price:

Premium
Current Sale Document Type: 36
Current Sale Input Document Number: 09-0188280
Previous Sale Recording Date: Mar 20, 2008
Previous Sale Contract Date: Feb 15, 2008
Previous Sale Amount: $363,687
Previous Sale Document Type: 69

Last Sale Mortgage

First Mortgage Lender:

Premium

First Mortgage Transaction Date:

Premium
First Mortgage Loan Amount:

Premium
First Mortgage Terms:

Premium
First Mortgage Loan Type:

Premium
First Mortgage Loan Due Date:

Premium

Data used for valuation calculations is provided by RealtyHop, and other third party sources

Request mortgage information redaction

Comparables

About North Valley

Stats & Trends

Median Asking:

$899,000

Sale Price/ft²

$530

Below Asking

0.01%

Average Days on Market

Average Home Size

2119 ft²

Average Home Age

55 years

Currently For Sale

1025 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 13821 Burton Street, PANORAMA CITY, CA, 91402

$7,000 /mo

5 Beds
2 Baths
1,667 ft²

13821 Burton Street, PANORAMA CITY, CA, 91402 Listing by Hampik Shahinian

Unit for rent at 9620 Woodale Avenue, PACOIMA, CA, 91331

$5,500 /mo

4 Beds
3 Baths
2,223 ft²

9620 Woodale Avenue, PACOIMA, CA, 91331 Listing by Narek Manukyan

Unit for rent at 8324 Bardwell Avenue, PANORAMA CITY, CA, 91402

$2,750 /mo

1 Bed
1 Bath
500 ft²

8324 Bardwell Avenue, PANORAMA CITY, CA, 91402 Listing by Kathleen Smiley

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Kelly Morgan, Houze Real Estate Management
Last Updated: 20 days ago
Data Source: CRMLS, MLS# 26996311

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. 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