6711 Tujunga Avenue, North Hollywood CA, 91606

Active

6711 Tujunga Avenue

North Hollywood CA, 91606

$2,095,000

$394.46 per sqft

Active

5,311 sqft

Condos

Built in 1953

Listed by Braemon Hanes with Hanes Investment Rlty [email protected]

The Tujunga property currently consists of thirteen multifamily units with two, one bedroom one bath units and eleven singles
individually metered for electric. The property is professionally maintained and the square footage of the combined, individual parcels gives the property an excellent potential for redevelopment. The rent survey conducted for this property indicates significant upside upon the relaxation of Covid restrictions by both the City and County of Los Angeles. Rents have not been increased for some time and the rent increase freeze may be lifted early2024. With upgrades, Tujunga Apartments could achieve rent levels commensurate with those properties surveyed. It is also important to note that the comparables chosen are low to mid-range at the time of publication and, depending on the improvements contemplated by the investor, actual rent targets could be higher.

SR24056706

MLSⓇ ID

March 21, 2024

Listed

November 22, 2024

Updated

Map

6711 Tujunga Avenue
North Hollywood CA, 91606

Interior Features

Total Stories: 1
Laundry Description: Common Area
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.31 Acres
Lot Features: Street Level
Sewer: Public Sewer

Other Property Details

Area Name: NHO - North Hollywood
Days on Market: 180
Garage: No
Parking: Assigned, Asphalt
Parking Total: 17
View: No
County: Los Angeles
Water Source: Public
Pool: No
Pool Features: None
Zoning: LARD1.5

Listing Contact: 818-865-8305

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 11/22/2024. 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.

Data last updated on 11/22/2024 at 7:30 PM UTC