Active

10039 Haines Canyon Avenue

Tujunga CA, 91042

$2,750,000


$286.82 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

December 5, 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


Days on Market

68


Garage

No


Parking

Asphalt, Carport


Parking Total

20


View

No


View Description

None


County

Los Angeles


Pool

No


Pool Features

None


Zoning

LARD3

Listing History

Date

Event

Price

10/18/2024

Price change

$2,750,000

-9%

Listing Contact: (626) 204-3300 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/5/2024. 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.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 12/5/2024 at 9:32 AM UTC

 

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