10219 Commerce, Tujunga, CA 91042 - MLS#SR25207289

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Anthony Napoli

realestate@anthonynapoli.com +1(619) 750-3558

$6,500,000

Est. payment - /mo

3 Beds

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR25207289

Bedrooms 3

Property Sub-Type Res Income 2-4 Units

Property Description

We are pleased to present this unique 24 units + 2 n.c investment opportunity in the emerging market of Tujunga Ca. Max state allowable increases (ab 1482) - no RSO. The 2 building portfolio was built in 1987, located on the same street just a couple buildings apart, comprised of (12) 2+2s & (12) 1+1s all with central AC, fireplaces, enclosed garages. Both buildings have a large storage space that already has kitchens and bathrooms which are not currently occupied. An astute investor will realize that effectively there is 26 units without the requirement of an onsite manager with a market cap rate of 7.3%. Furthermore the enclosed garages might potential offer additional revenue via ADU conversion? Buyer to verify. Situated only 5 minutes to La Crescenta/Montrose and 7 minutes to Glendale, Tujunga continues to experience a major influx of renters seeking immediate access to local amenities and workforce while achieving a more affordable housing option. Just 3 miles to the Angelus National Golf Club.

Location

State CA

County Los Angeles

Community Horse Trails

Zoning Other

Direction North of Foothill Blvd - Both properties on same street 4 buildings apart

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 2565012072

Acceptable Financing Conventional

Listing Terms Conventional

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Listed by Levon Alexanian Keller Williams World Media Center

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Anthony Napoli

+1(619) 750-3558

Agent | License ID: 01311452

Agent License ID: 01311452

10219 Commerce Tujunga, CA 91042

Anthony Napoli

Key Details

Location

Interior

Exterior

Building

Others

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