Sotheby's International Realty
Matthew Aaronson, Sotheby's International RealtyPhone: (917) 359-5392
Email: [email protected]
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listing
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Residential IncomeFor Sale
$2,095,000
6711 Tujunga Avenue
North Hollywood, CA 91606
Listed by Braemon Hanes DRE#01230427 [email protected] Hanes Investment Rlty
MLS: California Regional MLS (CRMLS)
Est. Mortgage
$10,914/mo

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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Information courtesy of Hanes Investment Rlty is subject to verification and is not guaranteed.
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