9949 Pinewood Avenue

Tujunga, CA 91042

$1,870,000
Last Sold Price
14
Beds
10
Baths
7,718 Sq. Ft.
$242 / Sq. Ft.
7,718
Sq. Ft.
$242
per Sq. Ft.

Description

9949 Pinewood Avenue is a ten-unit apartment building located in Tujunga, CA. Built in 1962 this ten-unit property features a great unit mix of (6) one-bedroom, one-bathroom units and (4) two-bedroom,one-bathroom units. With 48% upside this property has attractive upside potential for an investor. There has been three apartment transactions in Tujunga in the last 12 months, this is a rare opportunity to purchase a property in this market. Located directly in-between Tujunga Canyon Boulevard and Foothill...9949 Pinewood Avenue is a ten-unit apartment building located in Tujunga, CA. Built in 1962 this ten-unit property features a great unit mix of (6) one-bedroom, one-bathroom units and (4) two-bedroom,one-bathroom units. With 48% upside this property has attractive upside potential for an investor. There has been three apartment transactions in Tujunga in the last 12 months, this is a rare opportunity to purchase a property in this market. Located directly in-between Tujunga Canyon Boulevard and Foothill Boulevard tenants benefit from the restaurants and businesses located around the corner on Foothill Blvd. The Propertyis a short drive from the 210 freeway which provides access to the rest of the San Fernando and San Gabriel Valley
  1. Listed by Daniel Withers • DRE #01325901 • Brokerage DRE #01469842 • Matthews Real Estate Investment Services

Property Details for 9949 Pinewood Avenue

Zoning
LAR3
Parcel Number
2568013030
Total Units
10.0
Living Area
7718
Source Living Area
Vendor Enhanced
Area
Sunland/Tujunga (659)
Vacancy Rate
5
Lot Size Area
8504

Location

Listing Courtesy of Matthews Real Estate Investment Services, Daniel Withers, DRE #01325901

Sold By Liberty Investment Group, Carlos Estra Estrada, DRE #1034205; BRC Advisors- BH, Mike Iryami, DRE #01825516

Add your commute
LISTING UPDATED: 02/01/2021 08:46 AM

Property Details for 9949 Pinewood Avenue

StatusSold
MLS #20-636560
Days on Market126
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1962
Lot Size0.20 AC / 8,504 SF
CountyLos Angeles County

Location

Listing Courtesy of Matthews Real Estate Investment Services, Daniel Withers, DRE #01325901

Sold By Liberty Investment Group, Carlos Estra Estrada, DRE #1034205; BRC Advisors- BH, Mike Iryami, DRE #01825516

Add your commute

Building Information for 9949 Pinewood Avenue

Stories2Residences-Year Built1962Building Size-Lot Size0.20 AC / 8,504 SF

Payment Calculator

$12,261 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,205

Property Taxes

$2,056

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 9949 Pinewood Avenue

Community / Development
Community / Development
  • Number Of Units: 10
  • Amenities: Other
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartment
Contract Info
Contract Info
  • Disclosures: Other
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $138,359
  • Net Operating Income: $84,803.00
  • Gross Income: $141,852
  • Cap Rate: 4.25%
  • Gross Rent Multiplier: $13.72
  • Vacancy Allow Percent: 5.00%
  • Owner Pays: Other
  • Total Annual Expense: 53557
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1952
  • Lot Size Square Feet: 8504
Parking Details
Parking Details
  • Parking Garage: Other
  • Total Parking: 0
Interior Features
Interior Features
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 09-23-2020
  • Tenant Pays: Other
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,061.00
  • Unit Actual Rent: $6,363.00
  • Unit Projected Rent: $9,780.00
  • Like Units: 6
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,365.00
  • Unit Actual Rent: $5,458.00
  • Unit Projected Rent: $7,680.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $360,309.00
  • Assessed Improvement Percent: 26.67
  • Assessed Land Value: $990,858.00
  • Assessed Land Percent: 73.33
  • Assessed Total Value: $1,351,167.00

Property History for 9949 Pinewood Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 9949 Pinewood Avenue

Taxable ValueLand$1,248,480Additions$699,718Total$1,948,198
Tax Record2023$24,675 ($2,056 / month)
Home Facts
Total Finished SqFt7,718 SqFtAbove Grade Finished SqFt7,718 SqFtLot Size8,504 SqFtStyleMulti-Family Res (5+ Units)Year Built1962ZoningLAR3CountyLOS ANGELESAPN2568-013-030

Schools near 9949 Pinewood Avenue

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.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Matthews Real Estate Investment Services, Daniel Withers, DRE #01325901

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.