For Sale
$1,175,000

6107 Tujunga AveLos Angeles, CA 91606

Prime location, high rental income.

Overview

Added:
Dec 11, 2024
Days on market:
115
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.

Property Details for 6107 Tujunga Ave

Property type
Apartment buildings
Square Feet
3,520 SF
Class
A
Year Built/Renovated
1957/2022
Buildings
1
Stories
2
Units
5

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.1815547
Longitude
-118.3793136
6107 Tujunga Ave, Los Angeles, California

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6107 Tujunga Ave
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