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    4087 S Tujunga Avenue

    Studio City, CA 91604
    • $2,875,000
    • STATUS: Active
    • ON SITE: 110 days
    • ID#: 21746756
    Price Reduced
    UPDATED: 37 min ago
    $2,875,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:

    School Ratings & Info

    Description

    15.75 GRM with over 20% upside in Prime Studio City. 4087 Tujunga Ave is a beautifully maintained, 7-unit multi-family asset in the heart of the most desirable submarket in the San Fernando Valley, prime Studio City. Located just half a block North of Ventura Blvd and minutes drive to all of the major production studios, shopping, and nightlife of the Valley. The property offers tenants a superior unit mix of (1) 3+2, (3) 2+2, (2) 1+1, and (1) Studio unit. The new owner will benefit from the extremely desirable and sought after rental market of Studio City while capturing over 23% upside potential remaining in rents. The property is fully occupied, so please do not disturb the tenants.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-28T12:24:59.91. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Najar Group | Keller Williams Realty. Licensed in the State of California, USA.
    www.thenajargroup.com/homes/118064659
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    4087 S Tujunga Avenue Studio City, CA 91604

    • Price: $2,875,000
    • Status: Active
    • Updated: 37 min ago
    • ID#: 21746756
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    1964
    Built
    Neighborhood:
    STUD - Studio City
    County:
    Los Angeles
    Area:
    STUD - Studio City
    Property Description
    15.75 GRM with over 20% upside in Prime Studio City. 4087 Tujunga Ave is a beautifully maintained, 7-unit multi-family asset in the heart of the most desirable submarket in the San Fernando Valley, prime Studio City. Located just half a block North of Ventura Blvd and minutes drive to all of the major production studios, shopping, and nightlife of the Valley. The property offers tenants a superior unit mix of (1) 3+2, (3) 2+2, (2) 1+1, and (1) Studio unit. The new owner will benefit from the extremely desirable and sought after rental market of Studio City while capturing over 23% upside potential remaining in rents. The property is fully occupied, so please do not disturb the tenants.
    Exterior Features

    Carport YN Yes Parking Features CoveredCarport View Hills View YN Yes

    Interior Features

    Cooling Wall/Window Unit(S) Cooling YN Yes

    Property Features

    Gross Income 181800 Land Lease YN No Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 105763 Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Lar3

    Listing provided courtesy of Chase Simonton of Re/Max One


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-28T12:24:59.91. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Najar Group | Keller Williams Realty. Licensed in the State of California, USA.
     
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    The Najar Group | Keller Williams Realty
    1014 Broadway Ste C
    El Cajon CA, 92021