6711 Tujunga AVE Active Save Request In-Person Tour Request Virtual Tour
North Hollywood,CA 91606
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSR24056706
Year Built 1953
Lot Size 0.312 Acres
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.
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Interior
Laundry Laundry Area
Exterior
Garage Assigned Spaces,Other
Garage Spaces 17.0
Pool None
Building
Lot Description Grade - Level
Story One Story
Foundation Concrete Slab
Water District - Public
Others
Special Listing Condition Not Applicable