$2,070,000
$2,150,000
3.7%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
1 Bath
10,855 Sqft Lot
SOLD DATE : 09/28/2023
Key Details
Sold Price $2,070,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID P1-14817
Sold Date 09/28/23
Bedrooms 2
HOA Y/N No
Lot Size 10,855 Sqft
Property Description
Located on Greeley Street in Tujunga, California, this property is a great investment for those looking for the opportunity pick their own tenants while gaining a strong cash-flow. With (8) - 2 Bed / 1 Bath Units with washer & dryer, a buyer will be given the opportunity to invest in a great unit mix in a growing sub-market. Five of eight units are currently vacant with three of the five vacant units offering renovated finishes. The property's current state allows for additional methods to increase overall through the utilization of a RUBS system to bill back tenants for a portion of the utilities (Buyer to verify). The building was built in 1940. But, was moved to the property in 1987. With a certificate of occupancy dated in 1988, there is a possibility of removing the asset from Los Angeles RSO (Buyer to Verify). Furthermore, with the existing lot area, there is possibility to build two ADU's (Buyer to Verify).
Located on Greeley Street in Tujunga, California, this property is a great investment for those looking for the opportunity pick their own tenants while gaining a strong cash-flow. With (8) - 2 Bed / 1 Bath Units with washer & dryer, a buyer will be given the opportunity to invest in a great unit mix in a growing sub-market. Five of eight units are currently vacant with three of the five vacant units offering renovated finishes. The property's current state allows for additional methods to increase overall through the utilization of a RUBS system to bill back tenants for a portion of the utilities (Buyer to verify). The building was built in 1940. But, was moved to the property in 1987. With a certificate of occupancy dated in 1988, there is a possibility of removing the asset from Los Angeles RSO (Buyer to Verify). Furthermore, with the existing lot area, there is possibility to build two ADU's (Buyer to Verify).
Location
State CA
County Los Angeles
Area Tujunga (91042)
Zoning Assessor
Interior
Cooling Wall/Window
Exterior
Garage Unit1:Assigned
Building
Lot Description Curbs
Story 1
Lot Size Range 7500-10889 SF
Others
Acceptable Financing Cash
Space Rent $1,962
Listing Terms Cash
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Bought with Martin Lazarian • FIV REALTY CO