9949 Pinewood Ave

    Tujunga, CA 91042
    • $2,050,000
    • STATUS: Active
    • ON SITE: 33 days
    • MLS #: 20-561912
    UPDATED: 97 min ago
    $2,050,000
    • 14
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,718
      SQFT
    • $266
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:

    School Ratings & Info

    Description

    We are proud to present for sale 10 units located at 9949 Pinewood Avenue in Tujunga, California. Built in 1962, the offering sits on 8,503 square feet of land with 7,718 square feet of rentable area and consists of an excellent mix of 6- One Bed / One Bath and 4- Two Bed / One Bath units. The property features spacious units, ample on-site gated parking, laundry facilities and stunning mountain views. With rents significantly below market, this investment provides a savvy investor the opportunity to raise rents to market and achieve even greater cash flow.The community of Tujunga is located in the foothills of the San Gabriel Mountains, roughly 12 miles from Burbank & Glendale and 18 miles from Downtown LA. The city boasts healthy commercial, residential and multifamily developments and is minutes from shopping, dining and entertainment along Foothill Boulevard.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-04-08T23:42:25.253. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.desertarealuxuryhomes.com/homes/103942693

    9949 Pinewood Ave Tujunga, CA 91042

    • Price: $2,050,000
    • Status: Active
    • Updated: 97 min ago
    • MLS #: 20-561912
    14
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    7,718
    SQFT
    $266
    $/SQFT
    1962
    Built
    Neighborhood:
    Sunland Tujunga
    County:
    Los Angeles
    Area:
    Sunland Tujunga
    Property Description
    We are proud to present for sale 10 units located at 9949 Pinewood Avenue in Tujunga, California. Built in 1962, the offering sits on 8,503 square feet of land with 7,718 square feet of rentable area and consists of an excellent mix of 6- One Bed / One Bath and 4- Two Bed / One Bath units. The property features spacious units, ample on-site gated parking, laundry facilities and stunning mountain views. With rents significantly below market, this investment provides a savvy investor the opportunity to raise rents to market and achieve even greater cash flow.The community of Tujunga is located in the foothills of the San Gabriel Mountains, roughly 12 miles from Burbank & Glendale and 18 miles from Downtown LA. The city boasts healthy commercial, residential and multifamily developments and is minutes from shopping, dining and entertainment along Foothill Boulevard.
    Exterior Features

    Lot Size Area 8504 Other Structures Other Parking Garage Other Pool YN No Tennis YN No Total Parking 10

    Interior Features

    Baths Total 10.00 Cooling Other Den No Dining Room No Equipment Other Family Room No Heating Other

    Property Features

    Gross Income 139306 Gross Operating Income 143615 Like Units1 6 Like Units2 4 Net Operating Income 83040.00 Number Of Buildings 1 Number Of Units 10 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Other Total Annual Expense 59866 Type Of Units Standard Zoning Lar3

    Listing provided courtesy of Filip Niculete DRE#01905352 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-04-08T23:42:25.253. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
    The Sandi Phillips Team | Compass
    74199 El Paseo, Suite 200
    Palm Desert CA, 92260