Bought with Tholfaqar Al Emara
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10408 Fairgrove AVE Tujunga, CA 91042
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Key Details
Sold Price $1,800,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRGD24248778
Sold Date 05/09/25
Year Built 1938
Lot Size 0.581 Acres
Source California Regional MLS
Property Description
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 add
Location
State CA
County Los Angeles
Area 659 - Sunland/Tujunga
Interior
Heating Central Forced Air
Cooling Central AC, Window / Wall Unit
Flooring Laminate
Laundry Gas Hookup, 30, Washer/Dryer - Owned
Exterior
Parking Features RV Possible, Assigned Spaces, Attached Garage, Carport , Boat Dock, Detached Garage, Private / Exclusive, Garage, RV Access, Other, Parking Area, Parking Space(s), Side By Side
Garage Spaces 18.0
Pool None
Building
Water District - Public
Others
Tax ID 2565001022
Special Listing Condition Not Applicable
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