$ 2,750,000
10039 Haines Canyon AVE Tujunga, CA 91042
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$ 2,750,000
Est. payment | /mo
0.39 Acres Lot
$ 2,750,000
Est. payment | /mo
0.39 Acres Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID P1-19427
HOA Y/N No
Year Built 1957
Lot Size 0.391 Acres
Property Description
Located on Haines Canyon Avenue in Tujunga, California, this twelve unit apartment complex offers (2) - 6 unit buildings on a +/-17,018 SF lot. With (12) - 2 bedroom / 1 bath units, an investor will have the opportunity to capture high rents in the +/-9,588 SF building. Upon lease-up of the existing units, there is an additional rental upside of +/-40%.Built in 1953, the property is under Los Angeles RSO which currently allows owners to increase rents by up to 4% a year.Each unit is separately metered for gas and electricity. The owner currently pays for water, septic, and trash removal.Methods to increase the net operating income include the construction of accessory dwelling units in the rear portion of the property as well as adding washers and dryers back into the former laundry room. Furthermore, a new owner may take steps to relocate tenants to increase current rents to market rate.The asset is centrally located near Burbank, Glendale, and Pasadena allowing for a quick commute to some of the tri-cities best offerings.
Location
State CA
County Los Angeles
Area 659 - Sunland/Tujunga
Zoning LARD3
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Garage Asphalt, Carport
Carport Spaces 12
Fence None
Pool None
Community Features Street Lights
View Y/N No
View None
Parking Type Asphalt, Carport
Total Parking Spaces 20
Private Pool No
Building
Lot Description Sprinklers None
Others
Senior Community No
Tax ID 2568001014
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Listed by Casey Picard • Keller Williams Realty