$2,095,000 Price Analysis   ♡   North Hollywood, CA 91606 2 bed 26 bath 5,311 SqFt ($394/SqFt) 0.31 acre lot. Built 1953 Listed 2024-03-21, Taxes $4,932 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
The Tujunga property currently consists of thirteen multifamily units with two
One bedroom one bath units and eleven singles individually metered for electric. The property is professionally maintained and the square footage of the combined, individual parcels gives the prperty an excellent potential for redevelopment. The rent survey conducted for this property indicates significant upside upon the relaxation of Covid restrict ions by both the City and County of Los Angeles.
Rents have not been increased for some time and the rent increase freeze may be lifted early2024. With upgrades, Tujunga Apartments could achieve rent levels commensurate with those properties surveyed. It is also important to note that the comparables chosen are low to mid-range at the time of publication and, depending on the improvements contemplated by the investor, actual rent targets could be higher.
Presented by Braemon Hanes at
Hanes Investment Rlty.
Property MLS #SR24056706 from CRMLS
Additional Parcels: Yes
Lot Description: Level with Street, Lot 10000-19999 Sqft
Lot Size Acres: 0.3117
Lot Size Source: Assessor
Lot Size Square Feet: 13579
Parking Total: 17
Bedrooms in Unit-2: 1
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-2: 2
Gardener Expense: 900.00
Maintenance Expense: 8760.00
County: Los Angeles
Cap Rate: 4.67
Source Property Type: Residential Income
Insurance Expense: 6460.00
Area: NHO - North Hollywood
Source Neighborhood: NHO - North Hollywood
New Taxes Expense: 24093.00
Number of Separate Electric Meters: 15
Number of Separate Gas Meters: 1
Number of Separate Water Meters: 1
Parcel Number: 2320019016
Pest Control Expense: 505.00
Postal Code Plus 4: 1986
Professional Management Expense: 8760.00
Trash Expense: 5854.00
Zoning: LARD1.5
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $133,738 + $204,710 $338,448 | $4,932 |
| 2021 | $131,116 + $200,697 $331,813 | $4,859 |
| 2020 | $129,772 + $198,640 $328,412 | $4,894 |
| 2019 | $127,228 + $194,746 $321,974 | $4,729 |
| 2018 | $124,734 + $190,928 $315,662 | $4,658 |
| 2017 | $122,289 + $187,185 $309,474 | $4,521 |
| 2016 | $119,892 + $183,515 $303,407 | $4,401 |
| 2015 | $118,092 + $180,759 $298,851 | $4,346 |
| 2014 | $115,779 + $177,219 $292,998 | $4,396 |
| 2013 | $115,256 + $176,419 $291,675 | $4,385 |
| 2012 | $112,997 + $172,960 $285,957 | $4,434 |
| 2010 | $110,782 + $169,569 $280,351 | $4,261 |
| 2009 | $110,217 + $168,702 $278,919 | $4,125 |
| 2009 | $109,955 + $168,302 $278,257 | $4,125 |
| 2008 | $108,056 + $165,395 $273,451 | $3,970 |
| 2007 | $105,938 + $162,152 $268,090 | $3,855 |
$0
CRMLS
Listed 2024-03-21
$2,095,000
CRMLS
Listed 2023-10-06
$2,095,000
CRMLS
Sold 2002-08-15
$495,000
Public Record
Listing removed 2000-10-12
$395,000
ITECH
Listed 2000-04-11
$395,000
ITECH
Sold 1988-12-22
$425,000
Public Record
Year Built: 1953
Building Features: 2
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: 1
Foundation Details: Slab
Property Age: 71
Property Attached: Yes
Levels or Stories: One
Building Total Stories: 1
Structure Type: Apartment
Year Built Source: Assessor
Sewer: Sewer: Public Sewer, Water Sewer Expense: 7070.00
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.