6107 Tujunga AveLos Angeles, CA 91606
- Residential income properties
- 3,520 SF
Property Details for 6107 Tujunga Ave
- Year built
- 1957
- Construction
- WOOD
- Lot size
- 0.12 AC
- Property size (Sq ft)
- 3,520 SF
- Zone code
- LAR3
- Property type
- Residential income properties
- Property subtype
- Other apartment buildings
- APN
- 2335-036-020
- APU
- 2335036020
Description
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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,263,514
- 6.5%
- $1,166,320
- 7%
- $1,083,012
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,037,513
- Geo Method
- $1,037,513
-
Alternative Use
- Use
- Valuation
- Residential
- $1,166,320
- Hospitality
- $1,068,343
- Educational
- $888,849
- Medical
- $919,418
- Retail
- $1,382,654
Location Insight
- City
- North Hollywood
- County
- Los Angeles
- State
- California
- Latitude
- 34.1816
- Longitude
- -118.379
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].