10
$200,000
$259.13
4.18%
6.99%
13.93
9.80
The LA Apartment Advisors are proud to present for sale 10 units located at 9949 Pinewood Avenue in Tujunga, California. Built in 1962, the offering sits on 8,503 square feet of land with 7,718 square feet of rentable area and consists of an excellent mix of 6- One Bed / One Bath and 4- Two Bed / One Bath units. The property features spacious units, ample on-site gated parking, laundry facilities and stunning mountain views. With rents significantly below market, this investment provides a savvy investor the opportunity to raise rents to market and achieve even greater cash flow.
The community of Tujunga is located in the foothills of the San Gabriel Mountains, roughly 12 miles from Burbank & Glendale and 18 miles from Downtown LA. The city boasts healthy commercial, residential and multifamily developments and is minutes from shopping, dining and entertainment along Foothill Boulevard. Tenants have easy access to the 210 freeway that grants access to the San Fernando Valley to the north and La Crescenta, Montrose, La Canada Flintridge, Glendale, Pasadena, Burbank and Downtown LA to the south.
With only one apartment building trading in Tujunga within the past year, this truly is a rare opportunity for an investor to own an extremely high upside asset in a high barriers to entry market.
