6107 Tujunga AveLos Angeles, CA 91606

  • Residential income properties
  • 3,520 SF
For Sale
$1,175,000 View listing

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
6107 Tujunga Ave, Los Angeles, California

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$6,273
$150,105
$300,243
$450,348
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