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$ 6,500,000
Est. payment | /mo
3 Beds
$ 6,500,000
Est. payment | /mo
3 Beds
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25207289
Bedrooms 3
Property Sub-Type Res Income 2-4 Units
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
Community Horse Trails
Zoning Other
Direction North of Foothill Blvd - Both properties on same street 4 buildings apart
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 2565012072
Acceptable Financing Conventional
Listing Terms Conventional
Listed by Levon Alexanian Keller Williams World Media Center
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Krystal Lane
Partner | Lic# 1918284