For sale
  • Listing Provided by: 

    Levon Alexanian DRE #00911091 info@alexanianadvisors.com,

    Keller Williams World Media Center

    Price increase: $3.3M (9/9)
    $3,250,000

    10219 Commerce Ave, Tujunga, CA 91042

    18beds
    18baths
    10,032sqft
    : 
    Multi Family
    Built in 1987
    -- sqft lot
    $3,152,200 Zestimate®
    $324/sqft
    $-- HOA

    What's special

    Enclosed garagesCentral ac
    We are pleased to present this unique 12 unit investment opportunity in the emerging market of Tujunga Ca. Situated only 5 minutes to La Crescenta/Montrose and 7 minutes to Glendale, Tujunga continues to experience a major influx of renters seeking immediate access to local amenities and workforce while achieving a more affordable housing option. Built in 1987, the building is comprise of (6) 2+2s & (6) 1+1s all with central ACV, fireplaces, enclosed garages (which can possibly be converted to ADUs?, buyer to verify)Fully occupied, significant upside, month to month tenancy. *** Also available with sister property 4 doors down at 10129 Commerce Ave for a portfolio purchase of 24 units $6.5M (not requiring on site manager/expense) *** This is a rare opportunity to acquire one or two well-maintained multifamily assets in low inventory market with: • Cash flow from day one • Clear upside through rent increases and ADU development (buyer to verify) • Located in a market poised for long-term appreciation *** For offering memorandum contact listing agent ***
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