$2,070,000
$2,150,000
3.7%For more information regarding the value of a property, please contact us for a free consultation.
10,855 Sqft Lot
SOLD DATE : 09/28/2023
Key Details
Sold Price $2,070,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID P1-14817
Sold Date 09/28/23
HOA Y/N No
Year Built 1940
Lot Size 10,855 Sqft
Property Description
Located on Greeley Street in Tujunga, California, this property is a great investment for those looking for the opportunity pick their own tenants while gaining a strong cash-flow. With (8) - 2 Bed / 1 Bath Units with washer & dryer, a buyer will be given the opportunity to invest in a great unit mix in a growing sub-market. Five of eight units are currently vacant with three of the five vacant units offering renovated finishes. The property's current state allows for additional methods to increase overall through the utilization of a RUBS system to bill back tenants for a portion of the utilities (Buyer to verify). The building was built in 1940. But, was moved to the property in 1987. With a certificate of occupancy dated in 1988, there is a possibility of removing the asset from Los Angeles RSO (Buyer to Verify). Furthermore, with the existing lot area, there is possibility to build two ADU's (Buyer to Verify).
Location
State CA
County Los Angeles
Area 659 - Sunland/Tujunga
Zoning LAR3-2
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplaces Type None
Fireplace No
Laundry Laundry Closet
Exterior
Garage Assigned
Fence Wrought Iron
Pool None
Community Features Curbs
View Y/N No
View None
Total Parking Spaces 16
Private Pool No
Building
Lot Description Sprinklers None
Story 1
Others
Senior Community No
Tax ID 2568013019
Security Features Key Card Entry
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Martin Lazarian • FIV REALTY CO
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "