6711 Tujunga Avenue Active Save Request In-Person Tour Request Virtual Tour
North Hollywood (los Angeles),CA 91606
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
Originating Board Datashare California Regional
Year Built 1953
Lot Size 0.312 Acres
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
Interior
Fireplace No
Laundry Other
Building
Lot Description Level
Water Public