12335 Osborne Place, Pacoima, CA 91331
Local realty services provided by:ERA North Orange County Real Estate



12335 Osborne Place,Pacoima, CA 91331
$5,800,000
- 1.06 Acres
- Lots / Land
- Active
Listed by:filip niculete
Office:marcus & millichap
MLS#:25507501
Source:CRMLS
Price summary
- Price:$5,800,000
About this home
We are excited to present 12335 Osborne Place, a 100% affordable development project located in Pacoima, California. This 46,035 square foot (1.06 acre) lot will be delivered with RTI (Ready to Issue) plans for a 5-story building that will include 293 affordable units. The project plans feature a great unit mix of 281 one-bedroom units, and 12 two-bedroom units. Additionally, zero parking is required per AB 2345.This offering is situated within a qualied Opportunity Zone, providing a range of benets for investors. Investors can take advantage of signicant tax incentives, including the deferral, reduction, and potential elimination of capital gains taxes, which can greatly enhance overall returns. With Opportunity Zones set to expire at the end of 2036, this project presents an extraordinary opportunity for investors to buy, build, and renance before the expiration date. Furthermore, the project will benet from ongoing and future developments in the area, leading to rent growth and gentrication.The city of Pacoima is undergoing revitalization by developing a pedestrian-friendly and community-oriented downtown along Van Nuys Blvd, stretching between Laurel Canyon Blvd and San Fernando Rd. Phase 1 of this initiative has already been implemented, which included measures to slow down trafc along Van Nuys Blvd. The city is collaborating with the County of Los Angeles to secure funding for the next stage of revitalization. This next phase aims to enhance the facades of existing structures in the area with the goal of establishing a vibrant city center focused on the arts, shopping, dining, and new nightlife opportunities.
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Home facts
- Listing Id #:25507501
- Added:165 day(s) ago
- Updated:August 18, 2025 at 02:21 PM
Structure and exterior
- Lot area:1.06 Acres
Finances and disclosures
- Price:$5,800,000
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