6711 Tujunga Avenue, North Hollywood, CA 91606
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Listed Price :
$2,095,000
-
Beds :
N/A
-
Baths :
N/A
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Property Size :
N/A sqft
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Year Built :
1953
Property 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.
Interior Features
| Laundry Information |
| Location(s) |
Common Area |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
Listing Information
| Address |
6711 Tujunga Avenue |
| City |
North Hollywood |
| State |
CA |
| Zip |
91606 |
| County |
Los Angeles |
| Listing Agent |
Braemon Hanes DRE #01230427 |
| Courtesy Of |
Hanes Investment Rlty |
| List Price |
$2,095,000 |
| Status |
Active |
| Type |
Residential Income |
| Subtype |
Apartment |
| Structure Size |
N/A |
| Lot Size |
13,579 |
| Year Built |
1953 |
Listing information courtesy of: Braemon Hanes, Hanes Investment Rlty. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 5th, 2024 at 12:18 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
