Active
7064 Greeley Street
Tujunga CA, 91042
$4,350,000
$308.07 per sqft
Active
14,120 sqft
Multi-family
Built in 2021
Listed by Carl Reinhart with Carl Reinhart, Broker 714-404-8020
Original listed price has been reduced by $900,000! The subject is a nine-unit woodframe and stucco luxury apartment building, constructed in 2021, with a convenient location in Tujunga, a suburban community within the City of Los Angeles. The subject is located just north of Foothill Boulevard and the Foothill (Interstate 210) Freeway, approximately one mile west of Glendale, two miles north of Burbank and less than eight miles from Pasadena. This stylish contemporary three-story building includes a central garage on the first story and an excellent mix of oversized two and three-bedroom units ranging up to 1,598 square feet in size in the second and third stories. The property has a center atrium, an elevator located in the lobby and a central garage with 21 vehicle spaces. Eight of the apartment units are one-level and one unit is two-story, townhouse-style. All units have contemporary kitchens with quartz countertops, dishwashers, gas range/ovens and microwave ovens. Bathrooms have luxury oversized state-of-the-art showers with full glass enclosures. Many rooms feature floor-to-ceiling windows. All units have recessed lighting, tankless water heaters, washer/dryers and central heating/air conditioning. Electricity and gas are separately metered to each unit. Zoning is LARD1.5. Eight of the units have no rental rate restriction. One two-bedroom unit is subject to restricted rate occupancy. Most units are rented on a month-to-month tenancy. Average rent per square foot is below comparable properties. As a nearly-new property with minimal rent control, there is potential to increase the capitalization rate and cash flow by increasing rental rates and decreasing operating expenses, perhaps by instituting a ratio utility billing system.
Tujunga is located in the Crescenta Valley between the Verdugo and San Gabriel Mountains. It shares many municipal services with the community of Sunland which is adjacent to the west. Many residents are employed in the nearby cities of Glendale, Burbank and Pasadena. The area is served by the nearby Hollywood-Burbank Airport, a regional hub, as well as Los Angeles International Airport which is located approximately sixteen miles to the south.
PW24039012
MLSⓇ ID
February 26, 2024
Listed
September 4, 2024
Updated
Map
7064 Greeley Street
Tujunga CA, 91042
Interior Features
Total Stories
3
Interior Features
Built-in Features, Elevator, Multiple Staircases, Open Floorplan, Quartz Counters, Recessed Lighting, Storage, Unfurnished, Atrium, Bedroom on Main Level, Main Level Primary
Appliances
Built-In Range, Dishwasher, Gas Cooktop, Disposal, Gas Oven, Gas Range, Microwave, Tankless Water Heater, Dryer, Washer
Floor Description
Vinyl
Fireplace
No
Fireplace Description
None
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central, Forced Air
Exterior/Building Features
Lot Size
0.27 Acres
Lot Features
31-35 Units/Acre, Back Yard, Lawn, Level, Near Public Transit, Rectangular Lot, Sprinkler System, Yard
Architectual Style
Modern
Roof
Composition, Elastomeric, Flat, Mansard
Sewer
Public Sewer
Other Property Details
Area Name
659 - Sunland/Tujunga
Days on Market
191
Garage
Yes
Garage Spaces
21
Parking
Assigned, Controlled Entrance, Concrete, Driveway Level, Garage Faces Front, Garage, Gated, Private, Community Structure
Parking Total
21
View
Yes
View Description
Hills, Neighborhood
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
LARD1.5
Listing History
Date | Event | Price |
---|---|---|
9/4/2024 | Price change | $4,350,000 -2% |
7/28/2024 | Price change | $4,400,000 -3% |
6/19/2024 | Price change | $4,500,000 -6% |
4/21/2024 | Price change | $4,750,000 -10% |
Listing Contact: 714-404-8020
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 9/4/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 9/4/2024 at 7:59 PM UTC