10039 Haines Canyon Avenue

Tujunga, CA 91042

PRICE REDUCED

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-$250,000 (-8.33%)

$2,750,000

List Price

N/A

bed Beds

shower Baths

N/A sqft

straighten / sqft

1957

calendar_month Built

Property 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.

Listing Information

List Price $2,750,000
Status Active
MLS P119427
HOA $0
Type Residential Income
Year Built 1957
Lot Size 17,013
Structure Size N/A
DOM 21
Courtesy Of Keller Williams Realty
Listing Agent Casey Picard DRE#01921866

Interior Features

Laundry Information
Location(s) None
Total Bedroom
Bedrooms N/A
Fireplace Information
Features None
Cooling Type
Cooling Type Wall/Window Unit(s)

Exterior Information

Maps

Listing information courtesy of: Casey Picard, Keller Williams Realty (626) 376-9224. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 18th, 2024 at 10:24 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.