Glen Scher
Senior Managing Director Investments
CalDRE #01962976
Glen Scher
Senior Managing Director Investments
CalDRE #01962976
12335 Osborne Pl, Pacoima, CA 91331
A Ready-to-Issue 293-unit ED1 development in a Pacoima Opportunity Zone.
Exclusively listed by the LAAA Team at Marcus & Millichap
- Listing Price
- $3,950,000
- Lot Size
- 46,035 SF · 1.06 AC
- Buildable Units
- 293
- Price / Buildable Unit
- $13,481
- Price / Land SF
- $85.8
- Zoning
- ED1
- Entitlements
- RTI
Offering
The Offering
The LAAA Team of Marcus & Millichap presents 12335 Osborne Pl, a Ready-to-Issue 293-unit ED1 affordable development on a 1.06-acre Opportunity Zone site in Pacoima. The approved program delivers five residential stories plus a roof deck across 147,275 gross SF, with zero required parking under AB 2345. A buyer pulls permits and starts construction on day one, at a $13,481-per-unit land basis against an $8.65M scheduled rent roll at completion under LAHD's July 2026 schedules.
- 01
Ready to Issue, no entitlement risk
- 02
293-unit ED1 program, one of the Valley's largest permit-ready counts
- 03
Zero required parking per AB 2345
- 04
Qualified Opportunity Zone, open under OZ 2.0
- 05
$8.65M scheduled income under July 2026 LAHD schedules
- 06
Pacoima revitalization corridor
Gallery
Inside the Offering
12335 Osborne Pl, Pacoima, CA 91331
Location
Pacoima
12335 Osborne Pl, Pacoima, CA 91331
The site holds two frontages on Osborne St and Osborne Pl, one block from Glenoaks Blvd in the northeast San Fernando Valley. Pacoima anchors the Valley's affordable-housing demand, minutes from Hansen Dam and the Van Nuys Blvd corridor, where the Downtown Arts District initiative and the East San Fernando Valley light rail line are drawing sustained public investment into the submarket.
Listing Team
Exclusively listed by the LAAA Team.
For site walks, zoning questions, or offer guidance, reach out directly.
Filip Niculete
Senior Managing Director Investments
CalDRE #01905352
Filip Niculete
Senior Managing Director Investments
CalDRE #01905352
Next Step
Ready to dig into the site?
Sign the Confidentiality Agreement to access the full Offering Memorandum for 12335 Osborne Pl, Pacoima, CA 91331.
