6107 Tujunga AveLos Angeles, CA 91606

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

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.

• 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

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