4904 Tujunga Avenue

    North Hollywood, CA 91601
    • $2,350,000
    • STATUS: Pending
    • ON SITE: 29 days
    • ID#: 19513176
    Pending
    UPDATED: 80 min ago
    $2,350,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,831
      SQFT
    • $403
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1957
    County:

    School Ratings & Info

    Description

    We are pleased to present this 8 unit multifamily property located in an ideal NoHo Arts District location, just outside of Toluca Lake. Situated on the corner of Tujunga Ave and Huston St, just north of Camarillo st, this property has a total square footage of 5,831 Sq.Ft., and it sits on a lot size of 6,972 Sq.Ft (0.16 Acres).Built in 1957, the property boasts an excellent unit mix of four 1-bed/1-bath units and four 2-bed/1-bath units. Furthermore, the property has had two recent vacancies, which will be kept vacant for the sale, allowing the perfect opportunity for an owner user, or simply for an investor to achieve full market rents right away on two of the eight units.This investment allows for the opportunity to add value, with an estimated rental upside of 38%. Also, with current interest rates around 3.85%, a buyer can expect to receive a 60% loan to value, which would mean a down payment of around $940,000.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-20T18:34:15.19. 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 deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
    www.teamforss.com/homes/99193873

    4904 Tujunga Avenue North Hollywood, CA 91601

    • Price: $2,350,000
    • Status: Pending
    • Updated: 80 min ago
    • ID#: 19513176
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    5,831
    SQFT
    $403
    $/SQFT
    1957
    Built
    Neighborhood:
    NHO - North Hollywood
    County:
    Los Angeles
    Area:
    NHO - North Hollywood
    Property Description
    We are pleased to present this 8 unit multifamily property located in an ideal NoHo Arts District location, just outside of Toluca Lake. Situated on the corner of Tujunga Ave and Huston St, just north of Camarillo st, this property has a total square footage of 5,831 Sq.Ft., and it sits on a lot size of 6,972 Sq.Ft (0.16 Acres).Built in 1957, the property boasts an excellent unit mix of four 1-bed/1-bath units and four 2-bed/1-bath units. Furthermore, the property has had two recent vacancies, which will be kept vacant for the sale, allowing the perfect opportunity for an owner user, or simply for an investor to achieve full market rents right away on two of the eight units.This investment allows for the opportunity to add value, with an estimated rental upside of 38%. Also, with current interest rates around 3.85%, a buyer can expect to receive a 60% loan to value, which would mean a down payment of around $940,000.
    Exterior Features

    Lot Size Units Square Feet Parking Features Other Parking YN Yes

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Association Amenities Other Association YN Yes Cap Rate 4.12 Gross Multiplier 15.56 Gross Operating Income 151056.00 Improvements Amount 374224 Land Value 306759 Laundry YN Yes Net Operating Income 96759.00 Special Listing Conditions Standard Total Expenses 52465.00 Zoning Lar3

    Listing provided courtesy of Filip Niculete of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-20T18:34:15.19. 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 deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
     
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