Avenue! Currently offering four units with a total of 5 bedrooms and 5 bathrooms, this property provides 2,649 square feet of living space on an expansive 12,009 square foot lot. Beyond the existing units, there is substantial development potential, architectural drawings are complete and have been submitted allowing for the construction of 19 additional units and 2 ADU units, creating a grand total of 21 units on this generous lot. This represents an excellent value-added opportunity. It's worth noting that the adjacent space has already been developed and sold for over 18M, underscoring the investment potential. At the close of escrow, two out of the four units will be delivered vacant, further enhancing flexibility and income potential. Located in the heart of Tujunga, this property enjoys central proximity to schools, shopping centers, and dining establishments. Don't miss this exceptional opportunity for multifamily investment!
