CA > Tujunga (los Angeles)
Tujunga (los Angeles), CA 91042,10219 Commerce
Tujunga (los Angeles), CA 91042,10219 Commerce
Tujunga (los Angeles), CA 91042,10219 Commerce
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Deeana Owens

Deeana Owens

+1(678) 250-3471
Listed by Levon Alexanian • Keller Williams World Media Center
$6,500,000
Est. payment /mo
20,414 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 20,414 sqft

Price per Sqft $318

MLS Listing ID CRSR25207289

HOA Y/N No

Year Built 1987

Lot Size 0.476 Acres

Property Sub-Type Other

Source Datashare California Regional

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

Interior

Fireplace No

Laundry Other

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Bay East Association of Realtors
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Deeana Owens

Deeana Owens

+1(678) 250-3471

Broker | Owner | CA BRE#CA: 02015510, GA: 295613

Broker | Owner CA BRE#CA: 02015510, GA: 295613

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