6711-6715 Tujunga Ave
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6711-6715 Tujunga Ave
13 Unit Apartment Building $3,009,363 CAD ($231,489 CAD/Unit) 4.67% Cap Rate North Hollywood, CA 91606
Investment Highlights
- Approxiamtely 36% upside in the rents
- Long term residents
- Pitched roof - raised foundation
- Professionally managed - well maintained
- No soft-story retrofit. Single story bungalo style
- Central water heater - Individually metered electric
Executive Summary
Hanes Investment Realty, Inc. is proud to have been selected as the exclusive marketing agent for the value added investment opportunity located at 6711 & 6715 Tujunga Ave in North Hollywood. The Tujunga property currently consists of 13 multifamily units with two 1-bedroom, 1-bath units and 11 singles individually metered for electric. The property is professionally managed and the square footage of the combined, individual parcels gives the property an excellent potential for redevelopment.
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,009,363 CAD | Apartment Style | Low Rise |
| Price Per Unit | $231,489 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.31 AC |
| Cap Rate | 4.67% | Building Size | 5,311 SF |
| Gross Rent Multiplier | 11.96 | No. Stories | 1 |
| No. Units | 13 | Year Built | 1953 |
| Property Type | Multifamily | Parking Ratio | 3.2/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $3,009,363 CAD |
| Price Per Unit | $231,489 CAD |
| Sale Type | Investment |
| Cap Rate | 4.67% |
| Gross Rent Multiplier | 11.96 |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 5,311 SF |
| No. Stories | 1 |
| Year Built | 1953 |
| Parking Ratio | 3.2/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 11 | - | 600 |
| 1+1 | 2 | - | 750 |
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Walk Score ®
Very Walkable (78)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $397,039 CAD | |
| Land Assessment | $610,856 CAD | Total Assessment | $1,007,896 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$610,856 CAD
Improvements Assessment
$397,039 CAD
Total Assessment
$1,007,896 CAD
zoning
| Zoning Code | R4-1, Los Angeles (Residential) |
| R4-1, Los Angeles (Residential) |
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6711-6715 Tujunga Ave
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