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4087 S Tujunga Avenue

Studio City, CA 91604
  • $2,850,000
  • STATUS: Active
  • ON SITE: 138 Days
  • ID#: 21746756
UPDATED: 33 min ago
$2,850,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1964
County:

School Ratings & Info

Description

Huge Increase in Income! Previous 15.61 GRM is now a GRM of 13.85 and cap rate of 4.48%!!! The two lowest paying tenants just gave notice to vacate. One of those tenants had been living in a 2-bedroom unit for over 14 years!!! 4087 Tujunga Ave is a beautifully maintained, 7-unit multi-family asset in the heart of the most desirable submarket in the San Fernando Valley, prime Studio City. Located just half a block North of Ventura Blvd and minutes drive to all of the major production studios, shopping, and nightlife of the Valley. The property offers tenants a superior unit mix of (1) 3+2, (3) 2+2, (2) 1+1, and (1) Studio unit. The new owner will benefit from the extremely desirable and sought after rental market of Studio City with a sub-14 GRM. The property is fully occupied, so please do not disturb the tenants.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-26T19:30:16.21. 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 deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
www.therealestategirl.com/homes/118064659
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4087 S Tujunga Avenue Studio City, CA 91604

  • Price: $2,850,000
  • Status: Active
  • Updated: 33 min ago
  • ID#: 21746756
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1964
Built
Neighborhood:
STUD - Studio City
County:
Los Angeles
Area:
STUD - Studio City
Property Description
Huge Increase in Income! Previous 15.61 GRM is now a GRM of 13.85 and cap rate of 4.48%!!! The two lowest paying tenants just gave notice to vacate. One of those tenants had been living in a 2-bedroom unit for over 14 years!!! 4087 Tujunga Ave is a beautifully maintained, 7-unit multi-family asset in the heart of the most desirable submarket in the San Fernando Valley, prime Studio City. Located just half a block North of Ventura Blvd and minutes drive to all of the major production studios, shopping, and nightlife of the Valley. The property offers tenants a superior unit mix of (1) 3+2, (3) 2+2, (2) 1+1, and (1) Studio unit. The new owner will benefit from the extremely desirable and sought after rental market of Studio City with a sub-14 GRM. The property is fully occupied, so please do not disturb the tenants.
Exterior Features

Carport YN Yes Parking Features CoveredCarport Parking Total 6 View Hills View YN Yes

Interior Features

Cooling Wall/Window Unit(S) Cooling YN Yes

Property Features

Association Fee 0 Gross Income 205800 Land Lease YN No Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 129550 New Construction YN No Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Lar3

Listing provided courtesy of Chase Simonton of Re/Max One


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-26T19:30:16.21. 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 deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
 
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