6711 Tujunga Avenue North Hollywood, CA ^$ 2,095,000

6711 Tujunga Avenue

^$ 2,095,000

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6711 Tujunga Avenue

North Hollywood, CA, 91606

^$ 2,095,000

Bedrooms2 Baths2.0 Sq 5,311

Monthly Estimate*

^$ 14,634

Listed by Hanes Investment Rlty

6711 Tujunga Avenue, North Hollywood, CA 91606 - Image 1

6711 Tujunga Avenue, North Hollywood, CA 91606 - Image 2

6711 Tujunga Avenue, North Hollywood, CA 91606 - Image 3

6711 Tujunga Avenue, North Hollywood, CA 91606 - Image 4

6711 Tujunga Avenue, North Hollywood, CA 91606 - Image 5

6711 Tujunga Avenue, North Hollywood, CA 91606 - Image 6

6711 Tujunga Avenue, North Hollywood, CA 91606 - Image 7

6711 Tujunga Avenue, North Hollywood, CA 91606 - Image 8

6711 Tujunga Avenue, North Hollywood, CA 91606 - Image 9

6711 Tujunga Avenue, North Hollywood, CA 91606 - Image 10

6711 Tujunga Avenue, North Hollywood, CA 91606 - Image 11

Multi-Family Home for sale in North Hollywood, CA

for $2,095,000 with 2 bedrooms and 2 full baths. This 5,311 square foot home was built in 1953 on a lot size of 0.3117.

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.

Multi-Family Active

Price

^$ 2,095,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Apartment

Lot Size

0.3117

Year Built

1953

Town/City

North Hollywood

County/Region

Los Angeles

MLS | Web ID

SR24056706

Days on Market

Features

General

Sewer PublicSewer

Zoning LARD1.5

HOA 0.0

Garage Spaces 0.0

Pool Features None

Year Built 1953

Stories 1

Levels One

Property SubType Apartment

Gross Income 175191.0

Community Features Valley

Additional Parcels Description 2320019017

County Los Angeles

Net Operating Income 97923.0

Operating Expense 73756.0

Insurance Expense 6460.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions 6711 & 6715 Tujunga Avenue North Hollywood CA. The property is located on the west side of the street just south of Vanowen Street.

City North Hollywood

Entry Location 1

View Y/N N

Senior Community Y/N N

Open Parking Spaces 17.0

Total Units 13

MLS Area NHO - North Hollywood

Lot Size Square Feet 13579.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Tujunga

Listing Terms CashtoExistingLoan

Property Attached Y/N Y

Land Lease Y/N N

Electric Expense 7070.0

Home Warranty Y/N N

Fuel Expense 2736.0

Trash Expense 5854.0

Water Sewer Expense 7070.0

Lease Renewal Y/N N

Additional Parcels Y/N Y

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 0

Building Area Units SquareFeet

Standard Status Active

Year Built Source Assessor

Tax Lot 234

Property Sub Type Additional Apartment

Taxes 24093.0

Cap Rate 4.67

Exterior

Parking Features Assigned Asphalt

Lot Features StreetLevel

Water Source Public

Total Parking 17.0

Lot Size Area 13579.0

Foundation Details Slab

Number of Buildings 2

Spa N

Building Area Total 5311.0

Lot Size Acres 0.3117

Lot Size Units SquareFeet

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 1

Number of Separate Electric Meters 15

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 1

Common Walls Item2CommonWalls

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Avenue

Laundry Features CommonArea

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 6711

* Excluded Features

List By

Hanes Investment Rlty

Broker

(818) 865-8305

Phone

Affordability Calculator

$14,634

Per Month

Monthly Principal & Interest: $14,634
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in North Hollywood, CA

Average List Price ^$2,868,737

Percent of Sale Price 37%

About North Hollywood, CA

158,455 Population

0% Since 2002

^$0 Median Income

0 Median Age

35% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/21/2024	$2,095,000		Listed Price

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6711 Tujunga Avenue, North Hollywood, CA, 91606 is a Multi-Family Home for sale at $2,095,000 with 5,311 sqft and a lot size of 0.3117. 6711 Tujunga Avenue has 2 bedrooms, 2.0 baths, and was built in 1953. The property's zip code is 91606 which is in North Hollywood, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 4/28/2024. 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, 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.

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6711 Tujunga Avenue

Multi-Family Home for sale in North Hollywood, CA

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