This exceptional 5-unit apartment building, located at 6107 Tujunga Ave in Los Angeles, CA 91606, presents a compelling value-add investment opportunity. Built in 1957 and extensively renovated in 2022, this Class A property boasts 3,520 square feet on a 5,118 square foot lot. The unit mix includes two 2-bedroom/1-bathroom and three 1-bedroom/1-bathroom apartments, all individually metered for gas and electricity. Currently operating at 100% occupancy (as of January 1, 2023), the property generates a strong NOI of $41,213, with a pro-forma NOI projected at $90,353. The building features a new roof (installed February 2023), four enclosed garages, five additional driveway parking spaces, and a convenient on-site laundry room. The property also benefits from completed LADBS Soft-Story Retrofit compliance (December 2021), ensuring long-term structural integrity. Situated in the heart of North Hollywood, this property enjoys a prime location near major freeways (170 and 101), public transportation (Metro B Line), and numerous entertainment and shopping destinations, including the NoHo Arts District and NoHo West shopping center. The asking price is $1,175,000, representing a price per square foot of $333.81 and a price per unit of $235,000. The land value is $229.60 per square foot. This property offers a compelling combination of strong current income, significant upside potential, and a desirable location in a thriving market. The permitted zoning is LAR3.
Highlights
$1,175,000 asking price for this 5-unit apartment building in a prime North Hollywood location.
Excellent unit mix: two 2-bed/1-bath and three 1-bed/1-bath units.
High-demand rental market with significant rental upside potential; individually metered gas and electric.
Recently renovated with a fresh exterior paint, spacious units, four enclosed garages, additional driveway parking, and on-site laundry.
LADBS Soft-Story Retrofit completed in December 2021.
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Edward Barrios
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6107 Tujunga Ave, Los Angeles, California, 91606
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
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6107 Tujunga Ave
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