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Apartment - Tujunga, CA
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 throu...
• 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 ***
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