$2,095,000
6711 Tujunga Avenue North Hollywood (los Angeles), CA 91606
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$2,095,000
Est. payment /mo
5,311 SqFt
Active
6711 Tujunga Avenue North Hollywood (los Angeles), CA 91606
UPDATED:
09/17/2024 06:16 PM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,311 sqft
Price per Sqft $394
MLS Listing ID CRSR24056706
HOA Y/N No
Year Built 1953
Lot Size 0.312 Acres
Acres 0.31
Property Description
The Tujunga property currently consists of thirteen multifamily units with two, one bedroom one bath units and eleven singles individually metered for electric. The property is professionally maintained and the square footage of the combined, individual parcels gives the property an excellent potential for redevelopment. The rent survey conducted for this property indicates significant upside upon the relaxation of Covid restrictions by both the City and County of Los Angeles. Rents have not been increased for some time and the rent increase freeze may be lifted early2024. With upgrades, Tujunga Apartments could achieve rent levels commensurate with those properties surveyed. It is also important to note that the comparables chosen are low to mid-range at the time of publication and, depending on the improvements contemplated by the investor, actual rent targets could be higher.
Location
State CA
County Los Angeles
Area Listing
Zoning LARD
Interior
Fireplace No
Laundry Other
Exterior
Parking Type Assigned, Other
Building
Lot Description Level
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 2320019016
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Braemon Hanes • Hanes Investment Rlty
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