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North Hollywood, CA 91606 6711 Tujunga Avenue

$2,095,000

6711 Tujunga Avenue North Hollywood, Ca - Image 16711 Tujunga Avenue North Hollywood, Ca - Image 26711 Tujunga Avenue North Hollywood, Ca - Image 3
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Presented By: Braemon Hanes with Hanes Investment Rlty; braemon@hanesre.com
  • MLS# SR24056706
  • 03/21/2024
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  • BedBeds • 2
  • BathBaths • 2
  • FootageSQFT • 5,311

Home Details

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.
Presented By: Braemon Hanes with Hanes Investment Rlty; braemon@hanesre.com

Interior Features for 6711 Tujunga Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Street SuffixAvenue
Total Stories1

Other Rooms

Entry Level1

General for 6711 Tujunga Avenue

Additional Parcels Description2320019017
Additional Parcels Y/NYes
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.67
Carport Y/NNo
CityNorth Hollywood
Community FeaturesValley
CountyLos Angeles
Days on Market
Directions6711 & 6715 Tujunga Avenue, North Hollywood, CA. The property is located on the west side of the street just south of Vanowen Street.
Electric Expense7070.0
Entry Location1
Fuel Expense2736.0
Garage Spaces0.0
Garage Y/NNo
Gross Income175191.0
HOA0.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense6460.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCashtoExistingLoan
Lot Size Square Feet13579.0
MLS AreaNHO - North Hollywood
MaintenanceExpense8760.0
MobileHomeRemainsYNNo
Net Operating Income97923.0
New ConstructionNo
Open Parking Spaces17.0
Operating Expense73756.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Street NameTujunga
Tax Lot234
Taxes$24,093
Total Units13
Trash Expense5854.0
View Y/NNo
Water Sewer Expense7070.0
Waterfront Y/NNo
Year Built1953
Year Built SourceAssessor
ZoningLARD1.5

Exterior for 6711 Tujunga Avenue

Building Area Total5311.0
Crops Included Y/NNo
Foundation DetailsSlab
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesStreetLevel
Lot Size Acres0.3117
Lot Size Area13579.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings2
Number of Separate Electric Meters15
Number of Separate Gas Meters1
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesAssigned, Asphalt
SpaNo
Total Parking17.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $2,095,000
MLS#SR24056706
List Date 03/21/2024
Property Type Multi-Family
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors