6711 Tujunga Avenue, North Hollywood, CA 91606

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Property Description

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.


Interior Features

Laundry Information
Location(s) Common Area
Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A

Listing Information

Address 6711 Tujunga Avenue
City North Hollywood
State CA
Zip 91606
County Los Angeles
Listing Agent Braemon Hanes DRE #01230427
Courtesy Of Hanes Investment Rlty
List Price $2,095,000
Status Active
Type Residential Income
Subtype Apartment
Structure Size N/A
Lot Size 13,579
Year Built 1953

Listing information courtesy of: Braemon Hanes, Hanes Investment Rlty. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:12 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.