10408 Fairgrove Avenue
Tujunga, CA 91042
0.58 acres | #GD24248778
Description
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.
Property Details
- Utility FeaturesElectricityConnected, SewerConnected
- Lot DescriptionSixToTenUnitsAcre
- Sewer InformationSepticTypeUnknown
- Property TypeMulti-Family
- CountyLos Angeles
- Original List Price$1,995,950
- MLS #GD24248778
- MLS #GD24248778
- Property SubtypeMixedUse
- Cost1899950
- Utility SourcePublic
- Acres0.581
- Year Built1938
- Stories2
- Parking Spaces6
Location
Legal
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated:Â . Source: CRMLS
Listing Courtesy
Listing Agent: Eduard Khachatryan (#G86403)
Listing Office: Luxury Homes International (#G7721)
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