12335 Osborne Place

12335 Osborne Place presents a rare opportunity to acquire a fully entitled 1.06-acre development site in the heart of Pacoima, California. Nestled on a rectangular 46,035-square-foot parcel, this property is poised for residential land use and is entitled for a 293-unit apartment community—offering a turnkey solution for developers looking to capitalize on Los Angeles County’s pressing housing demand.

Strategically located just minutes from the I-5 Freeway and public transit lines, this site benefits from seamless connectivity to the San Fernando Valley’s employment centers, retail corridors, and educational institutions. Pacoima has experienced steady population growth and rent appreciation in recent years, with current market rents ranging from $2,172 to $2,748 per unit. The submarket’s demographic fundamentals and lack of new multifamily inventory underpin strong absorption forecasts for new residential product.

Priced at $4,995,000—just $108.54 per buildable square foot—12335 Osborne Place offers an attractive land-cost basis for a high-density, multifamily development. With entitlements in hand and utilities readily accessible at the site frontage, investors and owner-users can move swiftly into the pre-construction phase, capturing significant value-add potential in one of Southern California’s most undersupplied housing markets. For more information on site plans, entitlement details, and development pro formas, please contact the listing team today.