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    4087 S Tujunga Ave

    Studio City, CA 91604
    • $2,850,000
    • STATUS: Active
    • ON SITE: 134 Days
    • ID#: 21-746756
    Price Reduced
    UPDATED: 45 min ago
    $2,850,000
    • 11
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,364
      SQFT
    • $448
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:
    Area:

    School Ratings & Info

    Description

    Huge Increase in Income! Previous 15.61 GRM is now a GRM of 13.85 and cap rate of 4.48%!!! The two lowest paying tenants just gave notice to vacate. One of those tenants had been living in a 2-bedroom unit for over 14 years!!! 4087 Tujunga Ave is a beautifully maintained, 7-unit multi-family asset in the heart of the most desirable submarket in the San Fernando Valley, prime Studio City. Located just half a block North of Ventura Blvd and minutes drive to all of the major production studios, shopping, and nightlife of the Valley. The property offers tenants a superior unit mix of (1) 3+2, (3) 2+2, (2) 1+1, and (1) Studio unit. The new owner will benefit from the extremely desirable and sought after rental market of Studio City with a sub-14 GRM. The property is fully occupied, so please do not disturb the tenants.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-22T21:42:40.323. 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.
    www.thepayabgroup.com/homes/118058724
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    4087 S Tujunga Ave Studio City, CA 91604

    • Price: $2,850,000
    • Status: Active
    • Updated: 45 min ago
    • ID#: 21-746756
    11
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    6,364
    SQFT
    $448
    $/SQFT
    1964
    Built
    Neighborhood:
    Studio City
    County:
    Los Angeles
    Area:
    Studio City
    Property Description
    Huge Increase in Income! Previous 15.61 GRM is now a GRM of 13.85 and cap rate of 4.48%!!! The two lowest paying tenants just gave notice to vacate. One of those tenants had been living in a 2-bedroom unit for over 14 years!!! 4087 Tujunga Ave is a beautifully maintained, 7-unit multi-family asset in the heart of the most desirable submarket in the San Fernando Valley, prime Studio City. Located just half a block North of Ventura Blvd and minutes drive to all of the major production studios, shopping, and nightlife of the Valley. The property offers tenants a superior unit mix of (1) 3+2, (3) 2+2, (2) 1+1, and (1) Studio unit. The new owner will benefit from the extremely desirable and sought after rental market of Studio City with a sub-14 GRM. The property is fully occupied, so please do not disturb the tenants.
    Exterior Features

    Cross Streets Ventura/Tujunga Levels Two Lot Size Area 6041 Other Structures None Parking Garage CarportCovered Parking Total Parking 6 View Description Hills View YN Yes

    Interior Features

    Baths Total 8.00 Cooling Wall/Window Equipment None Heating Wall Gas Water Heater Features Central Water Heater

    Property Features

    Assessed Total Value 1975555 Gross Income 205800 Gross Operating Income 205800 Land Lease Type Fee Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 129550.00 Number Of Buildings 1 Number Of Units 7 Rent Control YN Yes Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 70075 Type Of Units Apartments Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lar3

    Listing provided courtesy of Chase Simonton DRE#01766871 of Re/Max One.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-22T21:42:40.323. 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.
     
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    The Payab Group/Berkshire Hathaway HomeServices California Properties
    16810 Ventura Blvd.
    Encino CA, 91436