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12335 Osborne Place, Pacoima, CA 91331

$3,950,000 Approx. USD 0 beds, 0 baths

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 888-995-7575

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Listing Agent

Filip Niculete | info@laaa.com
Lic#: 01905352
Broker: Courtesy of Marcus & Millichap
Phone: 8182122748

Co Listing Agent

Glen Scher | glen.scher@marcusmillichap.com
Lic#: 01962976
Broker: Courtesy of Marcus & Millichap
Phone: 818-212-2808

Agent Remarks

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. 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.

Listing Details

Property type: (Lots/Land)

Status: Active

MLS# 26639493

List price is $3,950,000 Reduced by $300,000 on 7/1/2026

Price: $3,950,000

Beds: 0

Baths: 0

1.06 acres

Lot size: 1.0568

County: Los Angeles

Zoning: LARD1.5

MLS area: PAC - Pacoima

Last Updated: 10/8/2026

Days On Market (DOM): 295

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This listing belongs to the PAC - Pacoima MLS area

Lat/Long: 34.260313, -118.402015.
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