6107 Tujunga AVE Pending

North Hollywood,CA 91606

$ 1175000

- Bed

- Bath

- SqFt


Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Pending

Purchase Type For Sale

MLS Listing ID PV24176922

Year Built 1957

Annual Tax Amount $14,687

Tax Year 2023

Lot Size 5,118 Sqft

Property Description

A strong income property opportunity in the dynamic North Hollywood market with an abundance of new developments for shopping and entertainment, and located in the heart of North Hollywood's thriving population. Built in 1957 this well maintained building has 3,520± sq.ft. on 5,118 sq.ft. lot. The 5-unit mix consists of (2) 2bd/1bth units, (3) 1bd/1bth units, separately metered for tenant paid electric and gas. The building also offers new roof installed 2/2023, (4) 1-car enclosed garages, (5) driveway parking spaces, primarily hardscaped low-maintenance grounds, community laundry room with coin-operated washer and dryer, and added value in the costs for completed LADBS Soft-Story Retrofit Compliance in December 2021. Current Monthly Rents $5,766.80/Gross Monthly; Unit 1: $1,456/mo; Unit #2: $1113.84; Unit #3: $937.04; Unit #4: $937.04; Unit #5: $1,322.88. This central North Hollywood location is adjacent to Studio City, Burbank, and Toluca Lake and in close proximity to the Metro B Line (Red) North Hollywood station and just minutes from the 170 and 101 freeways providing short easy access to Hollywood, Downtown LA, Pasadena and more. The business rich area is highly desirable for rentals with consistent demand, surrounded by the studios and entertainment industry, Burbank airport, Universal Studios, as well as the NoHo Arts District and NoHo West shopping center -all help to maintain and grow the vibrant population. This premier apartment building brings established residential tenants in a booming market for long term growth.

Location

State CA

County Los Angeles

Area Nho - North Hollywood

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Laundry Common Area

Exterior

Utilities Available Cable Connected,Electricity Connected,Natural Gas Connected,Phone Connected,Sewer Connected,Water Connected

Roof Type Composition

Building

Lot Description 0-1 Unit/Acre

Story 2

Water Public

Others

Acceptable Financing Submit

Listing Terms Submit

Special Listing Condition Standard

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