10039 Haines Canyon AvenueTujunga, CA 91042
Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.
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.
a week ago | Listing updated with changes from the MLS® | |
2 weeks ago | Status changed to Pending | |
2 months ago | Price changed to $2,750,000 | |
3 months ago | Listing first seen on site |
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.