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$2,750,000

Est. payment - /mo

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9,588 SqFt

Price Dropped by $250K

10039 Haines Canyon AVE Tujunga, CA 91042

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

10/18/2024 10:24 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 9,588 sqft

Price per Sqft $286

MLS Listing ID P1-19427

HOA Y/N No

Year Built 1957

Lot Size 0.391 Acres

Acres 0.3906

Property Description

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.

Location

State CA

County Los Angeles

Area 659 - Sunland/Tujunga

Zoning LARD3

Rooms

Ensuite Laundry None

Interior

Laundry Location None

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Laundry None

Exterior

Garage Asphalt, Carport

Carport Spaces 12

Fence None

Pool None

Community Features Street Lights

View Y/N No

View None

Parking Type Asphalt, Carport

Total Parking Spaces 20

Private Pool No

Building

Lot Description Sprinklers None

Others

Senior Community No

Tax ID 2568001014

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Listed by Casey Picard • Keller Williams Realty

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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