7064 Greeley Street
7064 Greeley Street
Tujunga, CA 91042
$4,750,000
Price
20
Beds
15
Baths
14,120 Sq. Ft.
$336 / Sq. Ft.
14,120
Sq. Ft.
$336
per Sq. Ft.
Description
Listed price has just been reduced by $500,000! The subject is a nine-unit woodframe and stucco luxury apartment building, constructed in 2021, with a convenient location in Tujunga, a suburban community within the City of Los Angeles. The subject is located just north of Foothill Boulevard and the Foothill (Interstate 210) Freeway, approximately one mile west of Glendale, two miles north of Burbank and less than eight miles from Pasadena. This stylish contemporary three-story building includes a...Listed price has just been reduced by $500,000! The subject is a nine-unit woodframe and stucco luxury apartment building, constructed in 2021, with a convenient location in Tujunga, a suburban community within the City of Los Angeles. The subject is located just north of Foothill Boulevard and the Foothill (Interstate 210) Freeway, approximately one mile west of Glendale, two miles north of Burbank and less than eight miles from Pasadena. This stylish contemporary three-story building includes a central garage on the first story and an excellent mix of oversized two and three-bedroom units ranging up to 1,598 square feet in size in the second and third stories. The property has a center atrium, an elevator located in the lobby and a central garage with 21 vehicle spaces. Eight of the apartment units are one-level and one unit is two-story, townhouse-style. All units have contemporary kitchens with quartz countertops, dishwashers, gas range/ovens and microwave ovens. Bathrooms have luxury oversized state-of-the-art showers with full glass enclosures. Many rooms feature floor-to-ceiling windows. All units have recessed lighting, tankless water heaters, washer/dryers and central heating/air conditioning. Electricity and gas are separately metered to each unit. Zoning is LARD1.5. Eight of the units have no rental rate restriction. One two-bedroom unit is subject to restricted rate occupancy. Most units are rented on a month-to-month tenancy. Average rent per square foot is below comparable properties. As a nearly-new property with minimal rent control, there is potential to increase the capitalization rate and cash flow by increasing rental rates and decreasing operating expenses, perhaps by instituting a ratio utility billing system. Tujunga is located in the Crescenta Valley between the Verdugo and San Gabriel Mountains. It shares many municipal services with the community of Sunland which is adjacent to the west. Many residents are employed in the nearby cities of Glendale, Burbank and Pasadena. The area is served by the nearby Hollywood-Burbank Airport, a regional hub, as well as Los Angeles International Airport which is located approximately sixteen miles to the south.
- Listed by Carl Reinhart • DRE #00647355 • Brokerage DRE #00647355 • Carl Reinhart, Broker • 714-404-8020
Property Details for 7064 Greeley Street
Architectural Style
Modern
ViewHills, Neighborhood
Parking Spaces Total21
Private PoolNo
Cooling TypeCentral
Total Units9.0
Building TypeAttached
Lot Size SourceAssessor
Location
Listing Courtesy of Carl Reinhart, Broker, Carl Reinhart, DRE #00647355
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LISTING UPDATED: 04/21/2024 06:00 AM
Property Details for 7064 Greeley Street
| Status | Active |
|---|---|
| MLS # | PW24039012 |
| Days on Market | 62 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Mixed Use |
| MLS Type | Residential Income |
| Year Built | 2021 |
| Lot Size | 0.27 AC / 11,639 SF |
| County | Los Angeles County |
Location
Listing Courtesy of Carl Reinhart, Broker, Carl Reinhart, DRE #00647355
Add your commute
Building Information for 7064 Greeley Street
Stories3Residences-Year Built2021Building Size-Lot Size0.27 AC / 11,639 SF
Payment Calculator
$31,039 per month
30 year fixed, 7.25% Interest
Principal and Interest
$25,923
Property Taxes
$5,116
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 7064 Greeley Street
Rental Info
Rental Info
- Tenant Pays: Cable TV, Electricity, Gas, Telephone
Income / Expense / Tax Details
Income Details
- Gross Income: $0
- Gross Scheduled Income: $307,128
- Gross Equity: $5,250,000
- Vacancy Allowance: 6143
- Vacancy Allowance Rate: 2
- Gross Operating Income: $300,985
- Net Operating Income: $181,911
- Number Of Rented Garages: 0
- Garage Rental Rate: $0
- Garage Income: $0
- Laundry Income: $0
- Gross Multiplier: 15.47
- Cap Rate: 3.83
- Current Financing: None
Expense Details
- Operating Expense: $119,074
- New Taxes Expense: $58,947
- Gardener Expense: $1,540
- Electric Expense: $4,824
- Insurance Expense: $4,589
- Maintenance Expense: $8,167
- Professional Management Expense: $10,680
- Other Expense: $12,211
- Trash Expense: $7,917
- Water Sewer Expense: $10,199
- Total Expenses: $119,074
Tax / Assessment Info
- Tax Tract Number: 2907
- Tax Census Tract: 1012.20
- Tax Lot: 93
Community / Development
Community / Development
- Accessibility Features: 36 Inch Or More Wide Halls, Accessible Elevator Installed, Doors - Swing In, Entry Slope Less Than 1 Foot, Grab Bars In Bathroom(s), Parking
- Disability Access: 36 inch or more wide halls, Doors - Swing In, Entry Slope Less than 1 foot, Grab Bars In Bathroom(s), Other Main Level Modifications
- Assessments YN: Yes
- Assessments: Special Assessments
- Community Features: BLM/National Forest, Curbs, Foothills, Hiking, Preserve/Public Land, Sidewalks, Street Lights, Suburban, Valley
Property / Structure Info
Interior Features
- Appliances: Built-In Range, Dishwasher, Disposal, Gas Oven, Gas Range, Gas Cooktop, Microwave, Tankless Water Heater
- Equipment: Dishwasher, Dryer, Dryer Included, Microwave, Washer, Washer Included
- Interior Features: 2 Staircases, Built-in Features, Elevator, Open Floorplan, Quartz Counters, Recessed Lighting, Storage, Unfurnished
- Room Type: Atrium, Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom, Multi-Level Bedroom
- Bedroom Features: Main Floor Bedroom, Multi-Level Bedroom
- Water Heater Features: Tankless
- Laundry: Yes
- Laundry Features: Dryer Included, Washer Included
- Laundry Equipment Own Lease: Own
- Fireplace Features: None
- Fireplace Rooms: None
- Cooling: Central Air
- Heating Type: Central, Forced Air
- Heating: Central, Forced Air
- Flooring: Vinyl
Exterior Features
- Window Features: Blinds
- Security Features: Automatic Gate, Carbon Monoxide Detector(s), Closed Circuit Camera(s), Fire and Smoke Detection System, Fire Sprinkler System, Gated Community, Security System, Smoke Detector(s)
- Construction Materials: Drywall Walls, Frame, Stucco
- Exterior Construction: Frame, Stucco
- Roof: Composition, Elastomeric, Flat, Mansard
- Entry Location: Front of building
- Fence: Yes
- Fence: Wrought Iron
- Fencing: Excellent Condition, Wrought Iron
- Foundation Details: Slab
- Property Condition: Turnkey
- View Description: Hills
- Pool Features: None
- Pool Description: None
- Spa Features: None
Land/Lot Info
- Lot Features: 31-35 Units/Acre, Back Yard, Lawn, Lot 10000-19999 Sqft, Rectangular Lot, Level, Near Public Transit, Sprinkler System, Yard
- Lot Location: BLM/National Forest, Preserve/Public Land, Near Public Transit
- Direction Faces: North
- Number Of Units: 9
- Land Lease: No
- Land Lease Type: Fee
- Road Surface Type: Paved
- Road Frontage Type: City Street
- Levels: Three Or More
- Water: Public
- Sewer: Public Sewer
- Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
- Electric: 220 Volts in Kitchen, Electricity - On Property
- Water Source: Public
Parking Info
- Garage Spaces: 21
- Parking: Yes
- Parking Garage: Assigned, Controlled Entrance, Garage, Gated, Private
- Uncovered Spaces: 0
- Open Other Spaces Total: 0
- Parking Garage Spaces: 21
- Carport Spaces: 0
- Parking Features: Assigned, Community Structure, Controlled Entrance, Concrete, Driveway Level, Garage, Garage Faces Front, Gated, Private
Unit Information
Unit 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 2
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $1,249
- Unit Type Total Rent: $1,249
- Unit Type Pro Forma: 1249
- Unit Type Type: 1
Unit 2
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 2
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $2,775
- Unit Type Total Rent: $2,775
- Unit Type Pro Forma: 2900
- Unit Type Type: 2
Unit 3
- Unit Type Units Total: 2
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 4
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $2,825
- Unit Type Total Rent: $5,650
- Unit Type Pro Forma: 5900
- Unit Type Type: 3
Unit 4
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 3
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 2
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $2,995
- Unit Type Total Rent: $2,995
- Unit Type Pro Forma: 3500
- Unit Type Type: 4
Unit 5
- Unit Type Units Total: 1
- Unit Type Beds Total: 3
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 2
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $3,125
- Unit Type Total Rent: $3,125
- Unit Type Pro Forma: 3300
- Unit Type Type: 5
Unit 6
- Unit Type Units Total: 1
- Unit Type Beds Total: 3
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 2
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $3,175
- Unit Type Total Rent: $3,175
- Unit Type Pro Forma: 3300
- Unit Type Type: 6
Unit 7
- Unit Type Units Total: 1
- Unit Type Beds Total: 3
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 2
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $3,200
- Unit Type Total Rent: $3,200
- Unit Type Pro Forma: 3300
- Unit Type Type: 7
Unit 8
- Unit Type Units Total: 1
- Unit Type Beds Total: 3
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 2
- Unit Type Garage Attached: Yes
- Unit Type Actual Rent: $3,425
- Unit Type Total Rent: $3,425
- Unit Type Pro Forma: 3425
- Unit Type Type: 8
Unit Information
- Number Of Units Leased: 9
- Rent Controlled: No
- Number Of Buildings: 1
- Number Of Separate Electric Meters: 9
- Number Of Separate Gas Meters: 9
- Number Of Separate Water Meters: 0
- Number With Dishwasher: 9
- Number With Range: 9
- Number With Refrigerator: 0
- Number With Carpet: 0
- Number With Disposal: 9
- Number With Drapes: 9
- Number With Patio: 0
Property History for 7064 Greeley Street
| 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 7064 Greeley Street
Taxable ValueLand$1,995,000Additions$3,000,000Total$4,995,000
Tax Record2023$61,397 ($5,116 / month)
Home Facts
Total Finished SqFt12,342 SqFtAbove Grade Finished SqFt12,342 SqFtLot Size11,635 SqFtStyleMulti-Family Res (5+ Units)Year Built2021ZoningLARD1.5CountyLOS ANGELESAPN2568-016-061
Schools near 7064 Greeley Street
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Pinewood Avenue Elementary School PublicK to 5 | ||
Mt. Gleason Middle School Public6 to 8 | ||
Verdugo Hills Senior High School Public9 to 12 | ||
Mt. Lukens Continuation School Public9 to 12 |
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 Carl Reinhart, Broker, Carl Reinhart, DRE #00647355
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.