6711 Tujunga Avenue, North Hollywood, CA 91606
- $2,095,000
- $394
- $2,095,000
- $394
Description
The 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.
Address
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Address: 6711 Tujunga Avenue
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City: North Hollywood
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State/county: CA
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Zip/Postal Code: 91606
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Area: NHO - North Hollywood
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Country: United States
Details
Updated on March 21, 2024 at 7:05 pm-
Property ID SGR-27031040
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Price $2,095,000
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Land Area 13579.00 m²
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Garage 0.00
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Year Built 1953
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Property Type Residential Income
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Property Status For Sale
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Living Area 5311.00
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MLS# SR24056706
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Office Name HANES INVESTMENT RLTY
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Agent Name Braemon Hanes
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MLS Status Active
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Living Area Prefix Sqft
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Agent State License 01230427
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IDX Contact Info braemon@hanesre.com
Additional details
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Sewer Public Sewer
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County Los Angeles
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Property SubType Apartment
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Parking 17.00
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Water Source Public
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