Active
10039 Haines Canyon Avenue
Tujunga CA, 91042
$3,000,000
$312.89 per sqft
Active
9,588 sqft
Residential
Built in 1957
Listed by Casey Picard with Keller Williams Realty (626) 376-9224
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.
P1-19427
MLSⓇ ID
September 28, 2024
Listed
October 17, 2024
Updated
Map
10039 Haines Canyon Avenue
Tujunga CA, 91042
Interior Features
Laundry Description
None
Fireplace
No
Fireplace Description
None
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.39 Acres
Lot Features
Sprinklers None
Other Property Details
Area Name
659 - Sunland/Tujunga
Garage
No
Parking
Asphalt, Carport
Parking Total
20
View
No
View Description
None
County
Los Angeles
Pool
No
Pool Features
None
Zoning
LARD3
Listing Contact: (626) 204-3300
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/17/2024. 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 10/17/2024 at 10:20 AM UTC