For Sale
6711 Tujunga Avenue, North Hollywood, CA 91606
6711 Tujunga Avenue, North Hollywood, CA 91606
  • $2,095,000
  • $394

Overview

Property ID: HZ16055061
  • Residential Income
  • Property Type
  • 0.00
  • Garage
  • 1953
  • Year Built

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.

  • Address 6711 Tujunga Avenue
  • City North Hollywood
  • State/county CA
  • Zip/Postal Code 91606
  • Area NHO - North Hollywood
  • Country United States

Details

Updated on March 21, 2024 at 6:06 pm
  • Property ID: HZ16055061
  • Price: $2,095,000
  • Land Area: 13579.00 Sqft
  • Garage: 0.00
  • Year Built: 1953
  • Property Type: Residential Income
  • Property Status: For Sale
  • Living Area: 5311.00
  • Living Area Prefix: Sqft
  • MLS#: SR24056706
  • Office Name: HANES INVESTMENT RLTY
  • Agent Name: Braemon Hanes
  • MLS Status: Active
  • Agent State License: 01230427
  • IDX Contact Info: braemon@hanesre.com

Additional details

  • Sewer: Public Sewer
  • County: Los Angeles
  • Property SubType: Apartment
  • Parking: 17.00
  • Water Source: Public

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