$3,250,000

Estimated payment $20,924/month

Total Views 9,428
3 Beds
3 Baths
10,382 Sq Ft
$313 Price per Sq Ft

Highlights

  • Golf Course Community
  • Near a National Forest
  • Park
  • Verdugo Hills Senior High School Rated A-
  • Hiking Trails
  • 1-minute walk to Little Landers Park

About This Home

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 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 ***

Listing Agent

Levon Alexanian

Keller Williams World Media Center Brokerage Email: info@alexanianadvisors.com License #00911091 Listed on: 07/16/2025

Keller Williams World Media Center

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 10,385 Sq Ft Lot
  • 1 Common Wall
  • Density is 11-15 Units/Acre

Parking

  • 10 Car Garage

Home Design

  • Apartment

Interior Spaces

  • 10,382 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tax Lot 65
  • Assessor Parcel Number 2565013057
  • $1,649 per year additional tax assessments

Community Details

Overview

  • 12 Units
  • Near a National Forest
  • Foothills

Amenities

  • Laundry Facilities

Recreation

  • Golf Course Community
  • Park
  • Horse Trails
  • Hiking Trails
  • Bike Trail

Building Details

  • 13 Separate Electric Meters
  • 13 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $77,320
  • Gross Income $23,381
  • Net Operating Income $198,477

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Parking

10

Listing Details

  • Price Per Unit: 270833
  • Property Attached: Yes
  • Zoning: LAR3
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 2565013057
  • Year Built: 1987
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: street
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Price Per Square Foot: 313.04

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 10.00
  • Total Parking Spaces: 10.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Blm/National Forest, Curbs, Foothills, Golf, Hiking, Horse Trails, Park, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 10385.00
  • Lot Size Acres: 0.2384

Multi Family

  • Gross Income: 23381.00
  • Gross Scheduled Income: 280572.00
  • Lot Size Area: 10385.0000 Square Feet
  • Net Operating Income: 198477.00
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Gas Meters: 13
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 12
  • Operating Expense: 77320.00
  • Rent Control: No
  • Total Expenses: 77320.00

Tax Info

  • Tax Census Tract: 1012.21
  • Tax Lot: 65
  • TaxOtherAnnualAssessmentAmount: 1649.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2025 07/16/25 For Sale $3,250,000 -- $313 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR25159853

California Regional Multiple Listing Service (CRMLS)