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Listed by Levon Alexanian • Keller Williams World Media Center
$3,250,000
Est. payment /mo
10,382 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 10,382 sqft
Price per Sqft $313
MLS Listing ID CRSR25159853
HOA Y/N No
Year Built 1987
Lot Size 10,385 Sqft
Property Sub-Type Other
Source Datashare California Regional
Property Description
We are pleased to present this unique 12 unit investment opportunity in the emerging market of Tujunga Ca. 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. Built in 1987, the building is comprise of (6) 2+2s & (6) 1+1s all with central ACV, fireplaces, enclosed garages (which can possibly be converted to ADUs?, buyer to verify)Fully occupied, significant upside, month to month tenancy. *** Also available with sister property 4 doors down at 10219 Commerce Ave for a portfolio purchase of 24 units $6.5M (not requiring on site manager/expense) *** This is a rare opportunity to acquire one or two well-maintained multifamily assets in low inventory market with: • Cash flow from day one • Clear upside through rent increases and ADU development (buyer to verify) • Located in a market poised for long-term appreciation Area Benefits: Tujunga is an increasingly attractive rental pocket in Northeast Los Angeles that offers both stability and upside: • Affordability Pressure from Neighboring Markets: Rents in nearby Burbank, Glendale, and La Crescenta have soared, pushing tenants toward Tujunga
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Other
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Deeana Owens
Broker | Owner | CA BRE#CA: 02015510, GA: 295613
Broker | Owner CA BRE#CA: 02015510, GA: 295613