NoHo Tujunga Apartments

4876 Tujunga Avenue

North Hollywood, CA 91601

Exclusive Offering

Located on the corner of Huston Street and Tujunga Avenue in the NoHo Arts District, this five unit investment opportunity is ideally suited for an investor looking for a great cash flowing, hassle free investment. With a unit mix of all 1 bed / 1 bath units, this asset presents good rental upside. 

Each unit is outfitted with hardwood flooring, ceiling fans, and individual water heaters. The bathrooms and kitchens are outfitted with tile flooring and offer stoves and microwaves. Each bedroom is outfitted with a walk-in closets, allowing a tenant plenty of storage for their belongings. 

With proximity to all of NoHo's best offerings, this investment is centrally located with easy access to 101, 170, and 134 Freeways. Furthemore, great shopping and restaurants are a stones throw away from the asset presenting an opportunity to attract high end tenants. 

Listing Price: $1,450,000

Price per Unit: $290,000

Price per SF: $518.41

Current Cap Rate: 4.56 %

Current GRM: 15.65

Pro-Forma Cap Rate: 5.36 %

Pro-Forma GRM: 13.81

Opportunity Highlights

  • Well maintained investment in the highly coveted NoHo Arts District

  • All units are 1 bed / 1 bath with hardwood flooring and maintain an individual water heater

  • Nine open and tuck-under parking spaces (no seismic retrofit needed, per Zimas)

  • One of the units recently underwent an extensive interior renovation

  • On-site laundry room with high annual income

  • Across the street from Valley Village Park and walking distance to Starbuck's and 7-11

  • All units are 1 bed / 1 bath with hardwood flooring and maintain an individual water heater

  • No rubbish expense for owner (huge annual savings)

  • Within proximity to many new developments within the NoHo Arts District

 
 
 

Contacts:

CASEY PICARD

Managing Partner

626.376.9224

Casey.Picard@AggregateIP.com

Cal BRE #01921866