Property Details
About this Property
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.
MLS Listing Information
MLS #
CRP1-19427
MLS Source
California Regional MLS
Days on Site
55
Interior Features
Kitchen
None
Laundry
None
Cooling
Window/Wall Unit
Heating
Wall Furnace
Parking, School, and Other Information
Garage/Parking
Carport, Other, Garage: 0 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 8 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
10039 Haines Canyon Ave is a Residential Income in Tujunga, CA 91042. This – square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,750,000 and was built in 1957. This address can also be written as 10039 Haines Canyon Ave, Tujunga, CA 91042.
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This listing information is up-to-date as of October 18, 2024. For the most current information, please contact Casey Picard, (626) 376-9224
