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Listed by Levon Alexanian • Keller Williams World Media Center
$ 6,500,000
Est. payment | /mo
0.48 Acres Lot
$ 6,500,000
Est. payment | /mo
0.48 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSR25207289
Year Built 1987
Lot Size 0.476 Acres
Source California Regional MLS
Property Description
We are pleased to present this unique 24 units + 2 n.c investment opportunity in the emerging market of Tujunga Ca. Max state allowable increases (ab 1482) - no RSO. The 2 building portfolio was built in 1987, located on the same street just a couple buildings apart, comprised of (12) 2+2s & (12) 1+1s all with central AC, fireplaces, enclosed garages. Both buildings have a large storage space that already has kitchens and bathrooms which are not currently occupied. An astute investor will realize that effectively there is 26 units without the requirement of an onsite manager with a market cap rate of 7.3%. Furthermore the enclosed garages might potential offer additional revenue via ADU conversion? Buyer to verify. Situated only 5 minutes to La Crescenta/Montrose and 7 minutes to Glendale, Tujunga continues to experience a major influx of renters seeking immediate access to local amenities and workforce while achieving a more affordable housing option. Just 3 miles to the Angelus National Golf Club.
Location
State CA
County Los Angeles
Area 659 - Sunland/Tujunga
Interior
Laundry Laundry Area
Exterior
Garage Spaces 10.0
Pool None
Building
Water District - Public
Others
Tax ID 2565012072
Special Listing Condition Not Applicable
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Yuri Lavrentiev
REALTOR® | Lic# CA DRE #02103193