Description

We are pleased to present this unique 12 unit investment opportunity in the emerging market of Tujunga Ca. Situated only 5 minutes to La Crescenta/Montrose and 7 minutes to Glendale, Tujunga continues to experience a major influx of renters seeking immediate access to local amenities and workforce while achieving a more affordable housing option. Built in 1987, the building is comprise of (6) 2+2s & (6) 1+1s all with central ACV, fireplaces, enclosed garages (which can possibly be converted to ADUs?, buyer to verify)Fully occupied, significant upside, month to month tenancy. *** Also available with sister property 4 doors down at 10219 Commerce Ave for a portfolio purchase of 24 units $6.5M (not requiring on site manager/expense) *** This is a rare opportunity to acquire one or two well-maintained multifamily assets in low inventory market with: Cash flow from day one Clear upside through rent increases and ADU development (buyer to verify) Located in a market poised for long-term appreciation Area Benefits: Tujunga is an increasingly attractive rental pocket in Northeast Los Angeles that offers both stability and upside: Affordability Pressure from Neighboring Markets: Rents in nearby Burbank, Glendale, and La Crescenta have soared, pushing tenants toward Tujunga for more affordable optionswhile keeping you in proximity to major employment hubs like Studio City, Pasadena, and Downtown LA. Residential Feel with Urban Access: Tujunga combines quiet, low-density living with access to urban conveniences. With a Walk Score of 83, residents can walk to shops, cafes, schools

Features

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