Trust sale. Reduced for immediate sale.
6.18 CAP Rate and 11.087 Gross multiplier.
This incredible property comprises 8 units, featuring 8 two-bedroom units with 16 parking spaces.
All units are currently leased, with rents ranging from $1,750.00 to $2,000.00.
Tujunga has recently experienced a lots of migration from Glendale and La Crescenta. This has led to a appreciation in property prices, a trend that has persisted and grown annually.
While numerous new apartment constructions, primarily condominiums, have emerged, the high demand for rentals, coupled with a limited
supply of available units, has driven a notable increase in rental rates, reaching up to 40%.
The property is being sold as trust sale and is not subject to court approval.

Opportunity to build ADU in the back of the lot