Description
Price reduction for a quick sale. This great valued six-unit apartment property featuring spacious 2-bedroom and 1-bathroom units surrounded by lush greenery and mature landscaping. Amenities include an on-site coin-operated laundry room, six covered carports, and additional conveniences. The lower units offer both front and rear private entrances for added accessibility and appeal. It also features 6 carports. The vacant unit needs work. Seller says let's sell as-is. This property also presents strong upside rental potential, with projected market rents exceeding $2,000 per unit, according to current market trends. Don't miss this income property for only $1,395,000. Information: Five units are currently occupied. Current residential rent is $8,160 per month, and the projected rent for the vacant unit is $2,000 per month. Fully occupied residential rent would be $10,160 per month. Including $120 per month in laundry income, fully occupied gross income would be $10,280 per month, or $123,360 annually. Income / Operating Summary: Gross Scheduled Income: $123,360.00 The 5.40% cap rate is based on the $75,333.29 NOI divided by the $1,395,000 asking price. Athough information comes from a reliable resources, Buyer and agents (Listing and Selling) do not warrant their information, which includes, but not limited to square footage and boundary lines. Thank you for your interest in this beautiful property.
Details
| MLS # | BB26129515 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1954 |
| Days On Site | 131 |
| Listing Provided By | BERKSHIRE HATHAWAY HOMESEVICES Crest Real estate | Susan Smith |
Features
| Bed(s) | 12 |
|---|---|
| Bath(s) | 6 Total |
| SQ Feet | 4,437 |
| Car Port | Yes |
| Story(s) | 2 |
| Units | 6 |
| Acreage | 0.25 |
| Golf Course | Yes |
| Property View | Yes |
Interior
| Cooling | Wall Window Units |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Interior Features | See Remarks, Unfurnished, All Bedrooms Down |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Six To Ten Units Acre, Front Yard, Garden, Landscaped |
|---|
Parking
| Parking Features | Carport |
|---|---|
| Garage Yes / No | No |
Utilities
| Utilities | Water Available, Water Connected |
|---|---|
| Sewer | Unknown |
Location
| Community Features | Curbs, Foothills, Golf, Hiking, Park, Street Lights, Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Tujunga |
| Zip Code | 91042 |
| Area | 659 Sunland | Tujunga |
| Listing VS Median (in 91042) | |
Price: $1,395,000 low | high Med: $809,950 sqft: 4,437 low | high Med: 1,380 $ / sqft: $314 low | high Med: $600 On site: 131 low | high Med: 49.5 | |
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 |
| Listing VS Median (in 91042) | |
Price: $1,395,000 low | high Med: $809,950 sqft: 4,437 low | high Med: 1,380 $ / sqft: $314 low | high Med: $600 On site: 131 low | high Med: 49.5 | |
 | $1,395,0007061 Greeley StreetTujunga, CA 91042 |