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Listed by Eduard Khachatryan • Luxury Homes International
$ 1,899,950
Est. payment | /mo
4,462 SqFt
$ 1,899,950
Est. payment | /mo
4,462 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,462 sqft
Price per Sqft $425
MLS Listing ID CRGD24248778
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1938
Lot Size 0.581 Acres
Property Sub-Type Other
Property Description
Seller Financing Available 20% Down Payment | 6% Annual Interest | No Prepayment Penalty This incredible 6-unit income property in Tujunga, located on nearly 26,000 sq ft of land, is generating approximately $11,248 per month in rental income. There is significant upside potential, with market rents in the area reaching $14,800 per month. Additionally, the detached 2-car garage, currently rented for $500 per month, could be converted into an Accessory Dwelling Unit (ADU) to generate an additional $2,100 per month in rental income. Based on last appraisal report: Total Living Area: 4,570 Garage Size : 1,730 Carport :360 Currently, rents are below market, offering a great opportunity for increases. Property Overview: First Structure (2-story): Second Floor: 2 units, each 1 Bedroom, 1 Bathroom Unit 1: Rented for $1,092 Unit 2: Rented for $1,196 Total: $2,288 First Floor: 2-car garage and a studio unit Studio Unit: Rented for $1,092 Second Structure: 1 Bedroom, 1 Bathroom Rented for $1,768 Third Structure: 1 Bedroom, 1 Bathroom Rented for $2,100 Front House: 2 Bedrooms, 2 Bathrooms Rented for $3,500 The detached garage at the end of the property is currently rented for $500 per month but could be converted into an additional residential unit for increased rental income. Additional Pr
Location
State CA
County Los Angeles
Interior
Heating Other
Cooling Central Air, Wall/Window Unit(s)
Flooring Laminate
Fireplace No
Laundry Other
Building
Water Public
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Adam Shoop
Broker Associate at Exp Realty | Lic# 1782227