Thank you
Braemon Hanes
Hanes Investment Rlty
818-865-8305
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.
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Water Source : Public
Sewer : Public Sewer
Year Built: 1953
Building Area Total: 5,311
Slab
None
Common Area
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.3117
Lot Size Source: Assessor
Lot Size Square Feet: 13579
Original List Price: 2,095,000
Listing Contract Date: 2024-03-21
Listing Agreement: Exclusive Right To Sell
Parcel Number: 2320019016
Garage Description: Assigned,Asphalt
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: NHO - North Hollywood
Postal Code Plus 4: 1986
Directions: 6711 & 6715 Tujunga Avenue, North Hollywood, CA. The property is located on the west side of the street just south of Vanowen Street.
Zoning: LARD1.5
Source Property Type: Residential Income
Area: NHO - North Hollywood
Property SubType: Apartment
Property Age: 71
Common Walls: 2+ Common Walls
Structure Type: Apartment
Year Built Source: Assessor
Entry Level: 1
Entry Location: 1
Property Attached: Yes
Levels or Stories: One
Building Total Stories: 1
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
6729 Babcock Avenue, North Hollywood, CA,91606 | $888,000 | -- | -- | -- | 6224 Sqft |
6107 Tujunga Avenue, North Hollywood, CA,91606 | $1,175,000 | -- | -- | 3,520 | 5118 Sqft |
6003 Cahuenga Boulevard, North Hollywood, CA,91606 | $1,300,000 | 8 | 4 | 3,420 | 11159 Sqft |
6339 Morse Avenue #108, North Hollywood, CA,91606 | $485,000 | 2 | 2 | 912 | 278582 Sqft |
6622 Clybourn Avenue #124, North Hollywood, CA,91606 | $595,000 | 2 | 2 | 942 | 341205 Sqft |
11341 Victory Boulevard, North Hollywood, CA,91606 | $3,360,000 | 11 | -- | 7,030 | 11988 Sqft |
11224 W Lyon Lane, North Hollywood, CA,91606 | $1,090,000 | 3 | 3 | 1,800 | 1239 Sqft |
11220 W Lyon Lane, North Hollywood, CA,91606 | $995,000 | 3 | 3 | 1,800 | 971 Sqft |
11218 W Victory Boulevard, North Hollywood, CA,91606 | $975,000 | 3 | 3 | 1,800 | 1177 Sqft |
11662 W Verde Place, North Hollywood, CA,91606 | $899,000 | 4 | 3 | 1,858 | 1393 Sqft |
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ByOwner last updated this listing 05/07/2024 @ 10:54
MLS: SR24056706
LISTED BY: Braemon Hanes, Hanes Investment Rlty
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.