Natalie Miranda
marketing@thewhipplegroup.com10,384 Sqft Lot
10,384 Sqft Lot
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25159853
HOA Y/N No
Year Built 1987
Lot Size 10,384 Sqft
Property Sub-Type Apartment
Property Description
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 10219 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
Area Benefits:
Tujunga is an increasingly attractive rental pocket in Northeast Los Angeles that offers both stability and upside:
• Affordability Pressure from Neighboring Markets:
Rents in nearby Burbank, Glendale, and La Crescenta have soared, pushing tenants toward Tujunga for more affordable options—while keeping you in proximity to major employment hubs like Studio City, Pasadena, and Downtown LA.
• Residential Feel with Urban Access:
Tujunga combines quiet, low-density living with access to urban conveniences. With a Walk Score of 83, residents can walk to shops, cafes, schools, and transit.
• Commuter-Friendly Location:
Close to major freeways (210, 5, 2) and key corridors. Ideal for working professionals and families who need access to the LA job market without paying premium rents.
• Growing Local Amenities:
Retail, dining, and service amenities continue to improve in the area, increasing the neighborhood's livability and tenant retention.
• Low Vacancy & Steady Demand:
Tujunga remains underbuilt compared to its neighbors, creating favorable supply/demand dynamics for landlords.
*** For offering memorandum contact listing agent ***
Location
State CA
County Los Angeles
Area 659 - Sunland/Tujunga
Zoning LAR3
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 10.0
Garage Description 10.0
Pool None
Community Features Biking, Curbs, Foothills, Golf, Hiking, Horse Trails, Near National Forest, Park, Street Lights, Suburban
Total Parking Spaces 10
Private Pool No
Building
Lot Description 11-15 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 2565013057
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Special Listing Condition Standard
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Marketing Director | License ID: 02122928