Seller Financing Available
20% Down Payment | 6% Annual Interest | No Prepayment Penalty
This incredible 6-unit income property in Tujunga, located on nearly 26,000 sq ft of land, is generating approximately $11,248 per month in rental income. There is significant upside potential, with market rents in the area reaching $14,800 per month. Additionally, the detached 2-car garage, currently rented for $500 per month, could be converted into an Accessory Dwelling Unit (ADU) to generate an additional $2,100 per month in rental income.
Based on last appraisal report:
Total Living Area: 4,570
Garage Size : 1,730
Carport :360
Currently, rents are below market, offering a great opportunity for increases.
Property Overview:
First Structure (2-story):
Second Floor: 2 units, each 1 Bedroom, 1 Bathroom
Unit 1: Rented for $1,092
Unit 2: Rented for $1,196
Total: $2,288
First Floor: 2-car garage and a studio unit
Studio Unit: Rented for $1,092
Second Structure:
1 Bedroom, 1 Bathroom
Rented for $1,768
Third Structure:
1 Bedroom, 1 Bathroom
Rented for $2,100
Front House:
2 Bedrooms, 2 Bathrooms
Rented for $3,500
The detached garage at the end of the property is currently rented for $500 per month but could be converted into an additional residential unit for increased rental income.
Additional Property Features:
Spacious front and back yards, offering potential for additional rental units, an ADU, a new house, or storage units for more income.
Storage area on the property that can be leased for extra revenue.
Long, wide solar-lit driveway with ample parking, including carports, and space for RV or boat storage.
Almost all units are equipped with washer/dryer hookups for tenant convenience.
This is a fantastic value-add opportunity not to be missed.
