12335 Osborne Pl

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Address: 12335 Osborne Pl, Pacoima, CA 91331, USA
California & West
Created date: January 20, 2026
Date last updated: July 1, 2026
Price: $3,950,000Investment Analyzer NEW!
  • 1.06 Acres (46,035± SF) Vacant Lot
  • Delivered RTI for 293 Apartment Units
  • ED-1 | 100% Affordable Project
  • Great Mix of 1 & 2 Bedroom Units
  • 5 Residential Stories + Roof Deck
  • Zero parking is required PER AB 2345
  • Located in Opportunity Zone

Property Description

The LAAA Team at Marcus & Millichap is 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 qualified Opportunity Zone, providing a range of benefits for investors. Investors can take advantage of significant tax incentives, including the deferral, reduction, and potential elimination of capital gains taxes, which can greatly enhance overall returns. Furthermore, the project will benefit from ongoing and future developments in the area, leading to rent growth and gentrification. 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 traffic 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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Broker Details

Filip Niculete
Filip Niculete

Marcus & Millichap (818) 212-2748

Key Property Information

Listing Status: Available
Price: $3,950,000
No. of Units: 293
Building Size: 147,275 Sq ft
Lot Size: 1.06 Acres
APN: 2536-015-013
Zoning Code: (Q RD1.5-1-CUGU
Opportunity Zone: No
Price per unit: $13,481
Address: 12335 Osborne Pl, Pacoima, CA 91331, USA

Additional contacts

Full name Phone number Email address
Filip Niculete 818-212-2748 [email protected]
Glen Scher 818-212-2808 [email protected]

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