$2,300,000
$2,350,000
2.1%For more information regarding the value of a property, please contact us for a free consultation.
4904 TUJUNGA AVE North Hollywood, CA 91601
15 Beds
8 Baths
5,831 SqFt
Key Details
Sold Price $2,300,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,831 sqft
Price per Sqft $394
MLS Listing ID 19-513176
Bedrooms 15
Year Built 1957
Lot Size 6,973 Sqft
Property Sub-Type Multi-Family
Property Description
We are pleased to present this 8 unit multifamily property located in an ideal NoHo Arts District location, just outside of Toluca Lake. Situated on the corner of Tujunga Ave and Huston St, just north of Camarillo st, this property has a total square footage of 5,831 Sq.Ft., and it sits on a lot size of 6,972 Sq.Ft (0.16 Acres).Built in 1957, the property boasts an excellent unit mix of four 1-bed/1-bath units and four 2-bed/1-bath units. Furthermore, the property has had two recent vacancies, which will be kept for the sale, allowing the perfect opportunity for an owner user, or simply for an investor to achieve full market rents right away on two of the eight units.This investment allows for the opportunity to add value, with an estimated rental upside of 38%. Also, with current interest rates around 3.85%, a buyer can expect to receive a 60% loan to value, which would mean a down payment of around $940,000.
Location
State CA
County Los Angeles
Area North Hollywood
Zoning LAR3
Rooms
Other Rooms Other
Dining Room 0
Interior
Heating Other
Cooling Other
Equipment Other
Exterior
Parking Features Other
Garage Spaces 8.0
Building
Story 2
Others
Special Listing Condition Standard
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Bought with Marcus & Millichap