10408 Fairgrove Ave - Apartments FOR SALE


Tujunga, CA 91042
$1,899,950 USD
818-484-8008
10408 Fairgrove Ave, Tujunga, CA for Sale
$1,899,950 USD
Apartments - FOR SALE
1/31
null | 6.05% Cap Rate

10408 Fairgrove Ave
Tujunga, CA 91042


OVERVIEW

Seller Financing Available 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. For questions or offers, please email GlendaleBroker@gmail.com.

FOR SALE DETAILS

PRICE

$1,899,950 USD

PRICE/SF

$426 USD /SF

# OF UNITS

4

PRICE/UNIT

$474,988

CAP RATE

6.05%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

SELLER FINANCING - ADD VALUE OPPORTUNITY

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1938

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.58 AC

LAND SF

25,265 SF

ZONING

LAR1

APN/PARCEL ID

2565-001-022

ASK ABOUT THIS PROPERTY

Eduard KhachatryanGlobal Equity PartnersMore Info
818-484-8008

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Eduard KhachatryanGlobal Equity PartnersMore Info
818-484-8008

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.