$2,750,000
Pending

10039 Haines Canyon Avenue

Tujunga, CA 91042
Listing OfficeKeller Williams Realty
Browse 27 photos
Type:Multi-Family
Structure:House
Zone:Commercial

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.

  • Property Details
      • Property SubtypeResidentialIncome
      • Lot DescriptionSprinklersNone
      • SubdivisionNot Applicable
      • Property TypeMulti-Family
      • CountyLos Angeles
      • Original List Price$3,000,000
      • MLS #P1-19427
      • MLS #P1-19427
      • Cost2750000
      • Acres0.3906
      • Year Built1957

Location

Cristina Arneson-CabreraReal Estate Group
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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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