10219 Commerce Avenue, Tujunga, CA 91042
  • MLS#: SR25159818 ( Apartment )
  • Street Address: 10219 Commerce Avenue
  • Viewed: 2
  • Price: $3,250,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1987
  • Bldg sqft: 0
  • Days On Market: 7
  • Additional Information
  • County: LOS ANGELES
  • City: Tujunga
  • Zipcode: 91042
  • Provided by: Keller Williams World Media Center
  • Contact: Levon Levon
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    We are pleased to present this unique 12 unit investment opportunity in the emerging market of Tujunga Ca. 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. Built in 1987, the building is comprise of (6) 2+2s & (6) 1+1s all with central ACV, fireplaces, enclosed garages (which can possibly be converted to ADUs?, buyer to verify)Fully occupied, significant upside, month to month tenancy. *** Also available with sister property 4 doors down at 10129 Commerce Ave for a portfolio purchase of 24 units $6.5M (not requiring on site manager/expense) *** This is a rare opportunity to acquire one or two well maintained multifamily assets in low inventory market with: Cash flow from day one Clear upside through rent increases and ADU development (buyer to verify) Located in a market poised for long term appreciation *** For offering memorandum contact listing agent ***
Property Location and Similar Properties
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Features
Building Area Total
  1. 10032.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 1 Common Wall
Country
  1. US
Electric Expense
  1. 0.00
Entry Location
  1. street
Fuel Expense
  1. 0.00
Garage Spaces
  1. 10.00
Insurance Expense
  1. 0.00
Laundry Features
  1. Common Area
Lot Features
  1. 11-15 Units/Acre
Netoperatingincome
  1. 197852.00
Number Of Separate Electric Meters
  1. 13
Number Of Separate Gas Meters
  1. 13
Parcel Number
  1. 2565012072
Pool Features
  1. None
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 443153111:CRM
Totalexpenses
  1. 77320.00
Trash Expense
  1. 0.00
Water Sewer Expense
  1. 0.00
Water Source
  1. Public
Year Built
  1. 1987
Year Built Source
  1. Assessor
Zoning
  1. LAR3