7061 Greeley, Tujunga, CA 91042
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7061 Greeley, Tujunga, CA 91042
7061 Greeley, Tujunga, CA 91042
7061 Greeley, Tujunga, CA 91042
7061 Greeley, Tujunga, CA 91042
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$ 1,395,000
Est. payment /mo
Price Dropped by $345K

7061 Greeley Tujunga, CA 91042

12 Beds

6 Baths

4,437 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 4,437 sqft

Price per Sqft $314

MLS Listing ID BB26129515

Bedrooms 12

Full Baths 6

HOA Y/N No

Year Built 1954

Lot Size 10,890 Sqft

Property Sub-Type Mixed Use

Property Description

Price reduction for a quick sale. This great valued six-unit apartment property featuring spacious 2-bedroom and 1-bathroom units surrounded by lush greenery and mature landscaping. Amenities include an on-site coin-operated laundry room, six covered carports, and additional conveniences. The lower units offer both front and rear private entrances for added accessibility and appeal. It also features 6 carports. The vacant unit needs work. Seller says let's sell as-is.

This property also presents strong upside rental potential, with projected market rents exceeding $2,000 per unit, according to current market trends.

Don't miss this income property for only $1,395,000.

Information:

Five units are currently occupied. Current residential rent is $8,160 per month, and the projected rent for the vacant unit is $2,000 per month. Fully occupied residential rent would be $10,160 per month. Including $120 per month in laundry income, fully occupied gross income would be $10,280 per month, or $123,360 annually.

Income / Operating Summary:

• Gross Scheduled Income: $123,360.00

The 5.40% cap rate is based on the $75,333.29 NOI divided by the $1,395,000 asking price.

Athough information comes from a reliable resources, Buyer and agents (Listing and Selling) do not warrant their information, which includes, but not limited to square footage and boundary lines.

Thank you for your interest in this beautiful property.

Location

State CA

County Los Angeles

Area 659 - Sunland/Tujunga

Rooms

Main Level Bedrooms 1

Interior

Interior Features See Remarks, Unfurnished, All Bedrooms Down

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Laundry Common Area

Exterior

Parking Features Carport

Pool None

Community Features Curbs, Foothills, Golf, Hiking, Park, Street Lights, Sidewalks

Utilities Available Water Available, Water Connected

View Y/N Yes

View Mountain(s)

Accessibility See Remarks

Private Pool No

Building

Lot Description 6-10 Units/Acre, Front Yard, Garden, Landscaped

Dwelling Type Mixed Use

Story 2

Entry Level Two

Sewer Unknown

Water Public

Architectural Style Contemporary, See Remarks

Level or Stories Two

New Construction No

Schools

School District Los Angeles Unified

Others

Senior Community No

Tax ID 2568015007

Acceptable Financing Cash, Cash to New Loan, Submit

Listing Terms Cash, Cash to New Loan, Submit

Special Listing Condition Standard

Virtual Tour https://Introducing a well-maintained six-unit apartment property. Featuring 6 spacious 2-bedroom and 1-bathroom units surrounded by lush greenery and mature landscaping. Amenities include an on-site coin-operated laundry room, 6 covered carports, and additi


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Listed by Susan Smith BERKSHIRE HATHAWAY HOMESEVICES Crest Real estate 310-770-8389, DRE #00817334

NEARBY SCHOOLS & PROPERTIES

Argin Simonian

Argin Simonian

Realtor License ID: 02024788

+1(818) 512-7446

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7061 Greeley