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.

©2025 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 2/27/2025 at 10:38 AM UTC

 

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