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$3,250,000
Est. payment /mo
3 Beds
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25159818
Bedrooms 3
Property Sub-Type Res Income 2-4 Units
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 10129 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 *** For offering memorandum contact listing agent ***
Location
State CA
County Los Angeles
Community Horse Trails
Zoning Assessor
Direction North of Foothill
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 2565012072
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Levon Alexanian Keller Williams World Media Center
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