Ignite FB Tracking Pixel10408 Fairgrove Avenue, Tujunga, CA 91042 - Sharon Rae
Keller Williams Real Estate Services
Sharon Rae, Keller Williams Real Estate ServicesPhone: (818) 325-5956
Email: [email protected]
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listing
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Residential IncomeFor Sale
$1,899,950
10408 Fairgrove Avenue
Tujunga, CA 91042
Listing Office: Luxury Homes International
MLS: California Regional MLS (CRMLS)
Est. Mortgage
$9,907/mo

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.

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Information courtesy of Luxury Homes International is subject to verification and is not guaranteed.
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