Homes for sale - 10219 Commerce, Tujunga, CA 91042

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John Herkenrath

johnherkenrath@epiquerealty.com +1(310) 221-2910

$6,500,000

Est. payment - /mo

0.48 Acres Lot

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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR25207289

HOA Y/N No

Year Built 1987

Lot Size 0.476 Acres

Property Sub-Type Apartment

Property Description

We are pleased to present this unique 24 units + 2 n.c investment opportunity in the emerging market of Tujunga Ca. Max state allowable increases (ab 1482) - no RSO. The 2 building portfolio was built in 1987, located on the same street just a couple buildings apart, comprised of (12) 2+2s & (12) 1+1s all with central AC, fireplaces, enclosed garages. Both buildings have a large storage space that already has kitchens and bathrooms which are not currently occupied. An astute investor will realize that effectively there is 26 units without the requirement of an onsite manager with a market cap rate of 7.3%. Furthermore the enclosed garages might potential offer additional revenue via ADU conversion? Buyer to verify.
Situated only 5 minutes to La Crescenta/Montrose and 7 minutes to Glendale, Tujunga continues to experience a major influx of renters seeking immediate access to local amenities and workforce while achieving a more affordable housing option. Just 3 miles to the Angelus National Golf Club.

Location

State CA

County Los Angeles

Area 659 - Sunland/Tujunga

Interior

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 10.0

Garage Description 10.0

Pool None

Community Features Biking, Curbs, Foothills, Golf, Hiking, Horse Trails, Near National Forest, Park, Street Lights, Suburban, Sidewalks

Total Parking Spaces 10

Private Pool No

Building

Lot Description 21-25 Units/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 2565012072

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

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Listed by Levon Alexanian Keller Williams World Media Center info@alexanianadvisors.com

"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

10219 Commerce Tujunga, CA 91042