Active
10408 Fairgrove Avenue
Tujunga CA, 91042
$1,899,950
$425.81 per sqft
Active
4,462 sqft
Multi-family
Built in 1938
Listed by Eduard Khachatryan with Luxury Homes International [email protected]
SELLER FINANCING MAY BE POSSIBLE WTH 20% DOWN PAYMENT BALANCE CARRIED AT 6% ANNUAL
Amazing 6 unit income property in a nice street of Tujunga built on almost 26,000 sq ft of land.
Potential great add value opportunity not to be missed.
The 2 story detached property consists of 2 X 1 Bed 1 Bath Unit Rented for $1,092 and $1,196 (total $2,288) on the second floor and a 2 X 2 car garage and a Studio Unit on the first floor Rented for $1,092.
The second structure has a 1 Bedroom 1 Bathroom Rented for $1,768 , the third structure has another 1 Bedroom 1 Bathroom Rented for $2,100 and the front house has a 2 Bedroom 2 Rented for $3,500.
There is a detached garage at the end of the property that is rented for $500 a month and might be converted to another residential unit for more rental income. Almost all units have washer dryer hookups for convenience.
Property has storage area on the property that can be leased for more income. Long, wide solar lighted driveway with plenty of parking at the end. Plenty of carports for additional cars and even an RV or a boat.
Property has a huge space at the front and the back with more room to add more possible rental units, house, ADU or a storage as a source of additional income. Overall property currently generated about $11,250 a month in rental income.
Rents are below market and there is room for increase.
GD24248778
MLSⓇ ID
December 17, 2024
Listed
February 27, 2025
Updated
Interior Features
Total Stories
2
Laundry Description
Washer Hookup, Gas Dryer Hookup
Floor Description
Laminate
Fireplace
No
Cooling
Yes
Cooling Description
Central Air, Wall/Window Unit(s)
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.58 Acres
Lot Features
6-10 Units/Acre
Sewer
Septic Type Unknown
Other Property Details
Area Name
659 - Sunland/Tujunga
Days on Market
71
Garage
Yes
Garage Spaces
6
Parking
Attached Carport, Assigned, Boat, Carport, Door-Multi, Detached Carport, Direct Access, Door-Single, Driveway, Driveway Up Slope From Street, Garage, Gravel, Private, RV Potential, RV Access/Parking, One Space, Community Structure, Garage Faces Side, See Remarks, Side By Side
Parking Total
18
View
No
County
Los Angeles
Water Source
Public
Pool Features
None
Utilities
Electricity Connected, Sewer Connected
Zoning
LAR1
Listing History
Date | Event | Price |
---|---|---|
2/17/2025 | Price change | $1,899,950 -5% |
Listing Contact: 818-484-8008
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/27/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 2/27/2025 at 10:38 AM UTC