6711 Tujunga Avenue
6711 Tujunga Avenue
Description
individually 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...The Tujunga property currently consists of thirteen multifamily units with two, one bedroom one bath units and eleven singles
individually 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.
- Listed by Braemon Hanes • DRE #01230427 • Brokerage DRE #01151804 • Hanes Investment Rlty • braemon@hanesre.com
Property Details for 6711 Tujunga Avenue
Location
Property Details for 6711 Tujunga Avenue
| Status | Active |
|---|---|
| MLS # | SR24056706 |
| Days on Market | 39 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1953 |
| County | Los Angeles County |
Location
Building Information for 6711 Tujunga Avenue
Payment Calculator
$11,862 per month
30 year fixed, 7.25% Interest
$11,433
$429
$0
Property Information for 6711 Tujunga Avenue
- Gross Income: $175,191
- Gross Scheduled Income: $175,191
- Net Operating Income: $97,923
- Gross Multiplier: 11.96
- Cap Rate: 4.67
- Operating Expense: $73,756
- New Taxes Expense: $24,093
- Gardener Expense: $900
- Fuel Expense: $2,736
- Licenses Expense: $1,559
- Pest Control Expense: $505
- Electric Expense: $7,070
- Insurance Expense: $6,460
- Maintenance Expense: $8,760
- Professional Management Expense: $8,760
- Trash Expense: $5,854
- Water Sewer Expense: $7,070
- Total Expenses: $73,765
- Tax Tract Number: 6346
- Tax Census Tract: 1232.05
- CFD/Mello-Roos Fee: $988
- Tax Lot: 234
- Community Features: Valley
- Laundry: Yes
- Laundry Features: Common Area
- Entry Location: 1
- Foundation Details: Slab
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Additional Parcels Description: 2320019017
- Lot Features: Level with Street, Lot 10000-19999 Sqft
- Number Of Units: 13
- Land Lease: No
- Land Lease Type: Fee
- Topography: Level
- Levels: One
- Water: Public
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 0
- Parking: Yes
- Parking Garage: Assigned
- Uncovered Spaces: 17
- Open Other Spaces Total: 17
- Parking Garage Spaces: 0
- Carport Spaces: 0
- Parking Features: Assigned, Asphalt
- Unit Type Units Total: 11
- Unit Type Beds Total: 0
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $11,735
- Unit Type Total Rent: $11,735
- Unit Type Pro Forma: 15950
- Unit Type Type: 1
- Unit Type Units Total: 2
- Unit Type Beds Total: 1
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $2,460
- Unit Type Total Rent: $2,460
- Unit Type Pro Forma: 3500
- Unit Type Type: 2
- Rent Controlled: Yes
- Number Of Buildings: 2
- Number Of Separate Electric Meters: 15
- Number Of Separate Gas Meters: 1
- Number Of Separate Water Meters: 1
Property History for 6711 Tujunga Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 6711 Tujunga Avenue
Schools near 6711 Tujunga Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | K to 5 |
Rating | School | Distance |
|---|---|---|
Fair Avenue Elementary School PublicK to 5 | ||
Roy Romer Middle School Public6 to 8 | ||
North Hollywood Senior High School Public9 to 12 | ||
ISANA Cardinal Academy CharterK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Hanes Investment Rlty, Braemon Hanes, DRE #01230427
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.