5050 Tujunga Avenue

    North Hollywood, CA 91601
    • $6,595,000
    • STATUS: Active
    • ON SITE: 18 days
    • ID#: 18401090
    UPDATED: 55 min ago
    $6,595,000
    • 0
      BEDS
    • 0.56
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 24,390
      SQFT
    • $270
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:

    School Ratings & Info

    Description

    pleased to announce the sale of 5050 Tujunga Avenue, a 25-unit multifamily property in the southern portion of the thriving NoHo Arts District, just two blocks from Toluca Lake, three blocks from Studio City, and one mile from the city of Burbank. Available for sale for the first time in more than 20 years, the 24,390 square foot property features large floorplans, with 68% of the units including two or three bedrooms. Zoned R4, the 24,468 square foot lot is considered to be within the Tier 3 TOC Zone by virtue of its proximity to the North Hollywood Metro Red Line and Orange Line Station. (Source: ZIMAS)Directly across the street from the property is the popular North Hollywood Park, one of the most prominent recreation centers in the San Fernando Valley, which features outdoor movies and food trucks throughout the summer months at events such as Eat See Hear.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-14T20:39:09.213. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/88881498

    5050 Tujunga Avenue North Hollywood, CA 91601

    • Price: $6,595,000
    • Status: Active
    • Updated: 55 min ago
    • ID#: 18401090
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.56
    Acres
    24,390
    SQFT
    $270
    $/SQFT
    1960
    Built
    Neighborhood:
    NHO - North Hollywood
    County:
    Los Angeles
    Area:
    NHO - North Hollywood
    Property Description
    pleased to announce the sale of 5050 Tujunga Avenue, a 25-unit multifamily property in the southern portion of the thriving NoHo Arts District, just two blocks from Toluca Lake, three blocks from Studio City, and one mile from the city of Burbank. Available for sale for the first time in more than 20 years, the 24,390 square foot property features large floorplans, with 68% of the units including two or three bedrooms. Zoned R4, the 24,468 square foot lot is considered to be within the Tier 3 TOC Zone by virtue of its proximity to the North Hollywood Metro Red Line and Orange Line Station. (Source: ZIMAS)Directly across the street from the property is the popular North Hollywood Park, one of the most prominent recreation centers in the San Fernando Valley, which features outdoor movies and food trucks throughout the summer months at events such as Eat See Hear.
    Exterior Features

    Lot Features Sprinklers None Lot Size Source Assessor Lot Size Units Square Feet Parking Features Carport Parking YN Yes

    Interior Features

    Laundry Features See Remarks

    Property Features

    Cap Rate 3.26 Gross Multiplier 16.07 Gross Operating Income 410420.00 Improvements Amount 728366 Land Value 227604 Laundry YN Yes Net Operating Income 215030.00 Special Listing Conditions Standard Total Expenses 183168.00 Zoning Lar4

    Listing provided courtesy of Roderick 'Rick' Raymundo of Marcus & Millichap.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-14T20:39:09.213. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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