$2,095,000
6711 Tujunga Avenue, North Hollywood 91606
1
Bed
4
Baths
13,579
Lot Size
13
# Of Units
Listing Agent
Braemon Hanes - Hanes Investment RltyThe 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.
Facts & Features
MLS® # | SR24056706 |
---|---|
Price | $2,095,000 |
Bedrooms | 1 |
Bathrooms | 4.00 |
Lot Size | 13,579 |
Year Built | 1953 |
Type | Residential Income |
Sub-Type | Apartment |
Status | Active |
# Of Units | 13 |
Community Information
Address | 6711 Tujunga Avenue |
---|---|
Area | NHO - North Hollywood |
City | North Hollywood |
County | Los Angeles |
Zip Code | 91606 |
Amenities
Parking Spaces | 17 |
---|---|
Parking | Assigned, Asphalt |
Garages | Assigned, Asphalt |
Is Waterfront | No |
Has Pool | No |
Pool | None |
Interior
Has Basement | No |
---|---|
Fireplace | No |
# of Stories | 1 |
Stories | One |
Exterior
Lot Description | Street Level |
---|---|
Foundation | Slab |
Additional Information
Date Listed | March 21st, 2024 |
---|---|
Days on Market | 45 |
Zoning | LARD1.5 |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Braemon Hanes |
---|---|
Office | Hanes Investment Rlty |