10039 Haines Canyon Avenue , Tujunga, CA 91042
Tujunga, CA 91042
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.
Details
| MLS# | P1-19427 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1957 |
| Days On Site | 206 |
| Listing Provided By | Keller Williams Realty (626) 204-3300 | Casey Picard |
Features
| SQ Feet | 9,588 |
|---|---|
| Car Port | Yes |
| Units | 12 |
| Building(s) | 2 |
| Zoning | LARD3 |
| Acreage | 0.39 |
| Property View | None |
Market Activity 91042
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Tujunga |
| Zip Code | 91042 |
| Area | 659 Sunland | Tujunga |
| Community Name | Not Applicable |
| Listing VS Median (In Not Applicable) | |
Price: $2,750,000 low | high Med: $54,000 SqFt: 9,588 low | high Med: 11,049 $ / SqFt: $287 low | high Med: $5 On site: 206 low | high Med: 370.500000 | |