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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.PROPERTY FEATURES
Uncovered Spaces: 8.00
Carport Spaces: 12.00
# of Parking Spaces: 20.00
Lot Features: Sprinklers None
Fencing: None
Number Of Buildings: 2
Parcel Identification Number: 2568001014
Cooling: Has Cooling
Heating: Has Heating
Heating Type: Wall Furnace
Cooling Type: Wall/Window Unit(s)
Year Built Source: Public Records
Fireplace Features : None
Common Walls: No Common Walls
Appliances: None
Laundry Features: None
Laundry: Has Laundry
Zoning: LARD3
MLSAreaMajor: 659 - Sunland/Tujunga
PROPERTY DETAILS
Street Address: 10039 Haines Canyon Avenue
City: Tujunga
State: California
Postal Code: 91042
County: Los Angeles
MLS Number: P1-19427
Year Built: 1957
Courtesy of Keller Williams Realty
City: Tujunga
State: California
Postal Code: 91042
County: Los Angeles
MLS Number: P1-19427
Year Built: 1957
Courtesy of Keller Williams Realty
Courtesy of BERKSHIRE HATHAWAY Crest R.E.