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Listing ID 19513176
SqFt 5,831
Acres 0.160
Status Pending
County Los Angeles
Year Built 1957
Property Type Rental Income
We are pleased to present this 8 unit multifamily property located in an ideal NoHo Arts District location, just outside of Toluca Lake. Situated on the corner of Tujunga Ave and Huston St, just north of Camarillo st, this property has a total square footage of 5,831 Sq.Ft., and it sits on a lot size of 6,972 Sq.Ft (0.16 Acres).Built in 1957, the property boasts an excellent unit mix of four 1-bed/1-bath units and four 2-bed/1-bath units. Furthermore, the property has had two recent vacancies, which will be kept vacant for the sale, allowing the perfect opportunity for an owner user, or simply for an investor to achieve full market rents right away on two of the eight units.This investment allows for the opportunity to add value, with an estimated rental upside of 38%. Also, with current interest rates around 3.85%, a buyer can expect to receive a 60% loan to value, which would mean a down payment of around $940,000.
Listing courtesy of Filip Niculete (01905352) from Marcus & Millichap.
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Contact - Listing ID 19513176

Brett Lawyer

250 N Canon Drive
Beverly Hills, CA 90210
Phone: 3108585402

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