Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

4

Lot size

7,554 sqft

Year built

1941

Stories

1

Garage spaces

4

Status

Active

Days on market

361

MLS #

240476766

About this property

Text your email address to receive our Confidential Offering Memorandum. Amazing Fourplex! (Note: Primary Pic is an A.I. Simulation of exterior remodel, current condition pic in the photos). The property has benefited from substantial capital improvements over time, with most units featuring meaningful interior updates including modernized kitchens, remodeled bathrooms, upgraded flooring, recessed LED lighting, and efficient mini-split HVAC systems. The remaining improvements present a clear opportunity for a new owner to further enhance value while increasing rental income. Incredible 8.65 CAP Rate possible! Close to everything and just north of trendy Studio City with ideal dinning and shopping amenities without the Studio City Price. Great investment opportunity, Huge upside for improved rents. All units currently month-to-month. Everything major has been recently renewed in all units, including new roof, copper plumbing, electrical, (all units feature recessed LED lights), newer meters, newer flooring in ALL rooms, bathrooms totally redone with newer tube and tile enclosures, Newer AC units, Dual pane on half the units. Some units do need new cabinets. Parking in back of unit with garages. There are no monthly expenses paid by owner, per owner other than property taxes, Tenants cover everything including water. Ready for the Olympics?

Location

5841 Tujunga Avenue

North Hollywood, Los Angeles, CA, 91601