$6,500,000

10219 Commerce, Tujunga, CA 91042

  • 3 beds |
  • 3 baths
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon0.48acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 2 months ago

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.

Listing Status:
Active
Listing Office:
Keller Williams World Media Center : 818-239-3500
Listing Agent:
Levon Alexanian : 818-239-1206
MLS ID:
SR25207289
  • Pool: N/K
  • Originating MLS: California Regional MLS
  • County: Los Angeles
  • Zoning: Other2565012072
  • Source: California Regional MLS

This listing courtesy of Levon Alexanian, Keller Williams World Media Center

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

P

Pinewood Elementary

10111 Silverton Ave, Tujunga, CA, 91042

Grades KG-5

0.24 miles away

M

Mount Gleason Middle School

10965 Mount Gleason Ave, Sunland, CA, 91040

Grades 6-8

1.29 miles away

V

Verdugo Hills High School

10625 Plainview Ave, Tujunga, CA, 91042

Grades 9-12

0.70 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.