6711 Tujunga Avenue , North Hollywood, CA 91606
North Hollywood, CA 91606
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.
Details
| MLS# | SR24056706 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1953 |
| Days On Site | 206 |
| Listing Provided By | Hanes Investment Rlty 818-865-8305 | Braemon Hanes |
Features
| SQ Feet | 5,311 |
|---|---|
| Story(s) | 1 |
| Units | 13 |
| Building(s) | 2 |
| Zoning | LARD1.5 |
| Acreage | 0.31 |
Market Activity 91606
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | North Hollywood |
| Zip Code | 91606 |
| Area | NHO North Hollywood |
| Listing VS Median (in 91606) | |
Price: $2,095,000 low | high Med: $900,000 SqFt: 5,311 low | high Med: 1,648 $ / SqFt: $394 low | high Med: $546 On Site: 206 low | high Med: 48.000000 | |
