10408 Fairgrove AVE Tujunga, CA 91042
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID GD24248778
HOA Y/N No
Year Built 1938
Lot Size 0.581 Acres
Property Sub-Type Mixed Use
Property Description
20% Down Payment | 6% Annual Interest | No Prepayment Penalty
This incredible 6-unit income property in Tujunga, located on nearly 26,000 sq ft of land, is generating approximately $11,248 per month in rental income. There is significant upside potential, with market rents in the area reaching $14,800 per month. Additionally, the detached 2-car garage, currently rented for $500 per month, could be converted into an Accessory Dwelling Unit (ADU) to generate an additional $2,100 per month in rental income.
Based on last appraisal report:
Total Living Area: 4,570
Garage Size : 1,730
Carport :360
Currently, rents are below market, offering a great opportunity for increases.
Property Overview:
First Structure (2-story):
Second Floor: 2 units, each 1 Bedroom, 1 Bathroom
Unit 1: Rented for $1,092
Unit 2: Rented for $1,196
Total: $2,288
First Floor: 2-car garage and a studio unit
Studio Unit: Rented for $1,092
Second Structure:
1 Bedroom, 1 Bathroom
Rented for $1,768
Third Structure:
1 Bedroom, 1 Bathroom
Rented for $2,100
Front House:
2 Bedrooms, 2 Bathrooms
Rented for $3,500
The detached garage at the end of the property is currently rented for $500 per month but could be converted into an additional residential unit for increased rental income.
Additional Property Features:
Spacious front and back yards, offering potential for additional rental units, an ADU, a new house, or storage units for more income.
Storage area on the property that can be leased for extra revenue.
Long, wide solar-lit driveway with ample parking, including carports, and space for RV or boat storage.
Almost all units are equipped with washer/dryer hookups for tenant convenience.
This is a fantastic value-add opportunity not to be missed.
Location
State CA
County Los Angeles
Area 659 - Sunland/Tujunga
Zoning LAR1
Interior
Heating Central
Cooling Central Air, Wall/Window Unit(s)
Flooring Laminate
Fireplace No
Laundry Washer Hookup, Gas Dryer Hookup
Exterior
Parking Features Attached Carport, Assigned, Boat, Carport, Door-Multi, Detached Carport, Direct Access, Door-Single, Driveway, Driveway Up Slope From Street, Garage, Gravel, Private, RV Potential, RV Access/Parking, One Space, Community Structure, Garage Faces Side, See Remarks, Side By Side
Garage Spaces 6.0
Carport Spaces 6
Garage Description 6.0
Pool None
Community Features Biking, Suburban, Sidewalks
Utilities Available Electricity Connected, Sewer Connected
Total Parking Spaces 18
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 2
Sewer Septic Type Unknown
Water Public
New Construction No
Others
Senior Community No
Tax ID 2565001022
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Submit
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Submit
Special Listing Condition Standard
