C
Seller's Agent in 2024
Carl Reinhart
Carl Reinhart, Broker
(714) 404-8020
1 in this area
10 Total Sales
7064 Greeley St Tujunga, CA 91042
20
Beds
14
Baths
14,120
Sq Ft
0.27
Acres
Highlights
- Automatic Gate
- Gated Community
- Dual Staircase
- Verdugo Hills Senior High School Rated A-
- Open Floorplan
- View of Hills
About This Home
As of December 2024Original listed price has been reduced by $900,000! The subject is a nine-unit woodframe and stucco luxury apartment building, constructed in 2021, with a convenient location in Tujunga, a suburban community within the City of Los Angeles. The subject is located just north of Foothill Boulevard and the Foothill (Interstate 210) Freeway, approximately one mile west of Glendale, two miles north of Burbank and less than eight miles from Pasadena. This stylish contemporary three-story building includes a central garage on the first story and an excellent mix of oversized two and three-bedroom units ranging up to 1,598 square feet in size in the second and third stories. The property has a center atrium, an elevator located in the lobby and a central garage with 21 vehicle spaces. Eight of the apartment units are one-level and one unit is two-story, townhouse-style. All units have contemporary kitchens with quartz countertops, dishwashers, gas range/ovens and microwave ovens. Bathrooms have luxury oversized state-of-the-art showers with full glass enclosures. Many rooms feature floor-to-ceiling windows. All units have recessed lighting, tankless water heaters, washer/dryers and central heating/air conditioning. Electricity and gas are separately metered to each unit. Zoning is LARD1.5. Eight of the units have no rental rate restriction. One two-bedroom unit is subject to restricted rate occupancy. Most units are rented on a month-to-month tenancy. Average rent per square foot is below comparable properties. As a nearly-new property with minimal rent control, there is potential to increase the capitalization rate and cash flow by increasing rental rates and decreasing operating expenses, perhaps by instituting a ratio utility billing system. Tujunga is located in the Crescenta Valley between the Verdugo and San Gabriel Mountains. It shares many municipal services with the community of Sunland which is adjacent to the west. Many residents are employed in the nearby cities of Glendale, Burbank and Pasadena. The area is served by the nearby Hollywood-Burbank Airport, a regional hub, as well as Los Angeles International Airport which is located approximately sixteen miles to the south.
Last Agent to Sell the Property
Carl Reinhart, Broker Brokerage Phone: 714-404-8020 License #00647355 Listed on: 02/26/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 2021
Lot Details
- 0.27 Acre Lot
- Two or More Common Walls
- Wrought Iron Fence
- Fence is in excellent condition
- Rectangular Lot
- Level Lot
- Sprinkler System
- Private Yard
- Lawn
- Back Yard
- Density is 31-35 Units/Acre
Parking
- 21 Car Garage
- Parking Available
- Front Facing Garage
- Driveway Level
- Automatic Gate
- Assigned Parking
- Controlled Entrance
- Community Parking Structure
Property Views
- Hills
- Neighborhood
Home Design
- Modern Architecture
- Property Attached
- Entry on the 1st floor
- Turnkey
- Flat Roof Shape
- Mansard Roof Shape
- Slab Foundation
- Fire Rated Drywall
- Frame Construction
- Composition Roof
- Elastomeric Roof
- Stucco
Interior Spaces
- 14,120 Sq Ft Home
- 3-Story Property
- Open Floorplan
- Dual Staircase
- Built-In Features
- Recessed Lighting
- Blinds
- Living Room
- Atrium Room
- Storage
- Vinyl Flooring
Kitchen
- Gas Oven
- Built-In Range
- Microwave
- Dishwasher
- Quartz Countertops
- Disposal
Bedrooms and Bathrooms
- 20 Bedrooms
- Primary Bedroom on Main
- Multi-Level Bedroom
- 14 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Home Security
- Home Security System
- Carbon Monoxide Detectors
- Fire and Smoke Detector
- Fire Sprinkler System
Accessible Home Design
- Accessible Elevator Installed
- Grab Bar In Bathroom
- Halls are 36 inches wide or more
- Doors swing in
- Entry Slope Less Than 1 Foot
- Accessible Parking
Outdoor Features
- Exterior Lighting
Location
- Property is near public transit
- Suburban Location
Utilities
- Forced Air Heating and Cooling System
- 220 Volts in Kitchen
- Natural Gas Connected
- Tankless Water Heater
- Cable TV Available
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas, telephone
- Tax Lot 93
- Tax Tract Number 2907
- Assessor Parcel Number 2568016061
Community Details
Overview
- No Home Owners Association
- 9 Units
- Near a National Forest
- Foothills
- Property is near a preserve or public land
- Valley
Recreation
- Hiking Trails
Building Details
- 9 Leased Units
- 9 Separate Electric Meters
- 9 Separate Gas Meters
- Electric Expense $4,824
- Gardener Expense $1,540
- Insurance Expense $4,589
- Maintenance Expense $8,167
- Other Expense $12,211
- Professional Management Expense $10,680
- Trash Expense $7,917
- Water Sewer Expense $10,199
- New Taxes Expense $54,947
- Operating Expense $115,574
- Gross Income $300,985
- Net Operating Income $185,911
Security
- Gated Community
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/09/2024 12/09/24 | Sold | $4,050,000 | -6.9% | $287 / Sq Ft | |
| 09/27/2024 09/27/24 | Pending | -- | -- | -- | |
| 09/04/2024 09/04/24 | Price Changed | $4,350,000 | -1.1% | $308 / Sq Ft | |
| 07/28/2024 07/28/24 | Price Changed | $4,400,000 | -2.2% | $312 / Sq Ft | |
| 06/19/2024 06/19/24 | Price Changed | $4,500,000 | -5.3% | $319 / Sq Ft | |
| 04/21/2024 04/21/24 | Price Changed | $4,750,000 | -9.5% | $336 / Sq Ft | |
| 02/26/2024 02/26/24 | For Sale | $5,250,000 | +5.1% | $372 / Sq Ft | |
| 11/16/2022 11/16/22 | Sold | $4,995,000 | 0.0% | $354 / Sq Ft | View Prior Sale |
| 10/25/2022 10/25/22 | Price Changed | $4,995,000 | -3.8% | $354 / Sq Ft | |
| 07/12/2022 07/12/22 | Price Changed | $5,195,000 | -3.8% | $368 / Sq Ft | |
| 05/23/2022 05/23/22 | For Sale | $5,400,000 | -- | $382 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Carl Reinhart
-
Vic Parsekhian
Buyer's Agent in 2024
Vic Parsekhian
Americana Real Estate Services
(818) 355-7609
11 in this area
86 Total Sales
-
Albert Babayan
Seller's Agent in 2022
Albert Babayan
JohnHart Real Estate
(818) 246-1099
11 in this area
140 Total Sales
-
Ara Karapetian
Seller Co-Listing Agent in 2022
Ara Karapetian
AK & Associates, Inc
(818) 273-7786
1 in this area
3 Total Sales
-
Dave Sousa
Buyer's Agent in 2022
Dave Sousa
Atlantic Realty
(209) 678-2646
1 in this area
102 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24039012
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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