6711 Tujunga Avenue

6711 Tujunga Avenue North Hollywood, California 91606 United States

The Tujunga property currently consists of thirteen multifamily units with two, one bedroom one bath units and eleven singlesindividually metered for electric. The property is professionally maintained and the square footage of the combined, individual parcels gives the property an excellent potential for redevelopment. The rent survey conducted for this property indicates significant upside upon the relaxation of Covid restrictions 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.

Listing Courtesy of Hanes Investment Rlty, Email/Phone : braemon@hanesre.com

The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.