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$2,750,000

Beds
Unknown
sq ft
9,588

10039 Haines Canyon Ave, Tujunga, CA 91042

10039 Haines Canyon Ave

Tujunga, CA 91042

  • 38 days on market
    • Price drop $250,000↓
Located on Haines Canyon Avenue in Tujunga, California, this twelve unit apartment complex offers (2) - 6 unit buildings on a +/-17,018 SF lot. With (12) - 2 bedroom / 1 bath units, an investor will have the opportunity to capture high rents in the +/-9,588 SF building. Upon lease-up of the existing units, there is an additional rental upside of +/-40%.Built in 1953, the property is under Los Angeles RSO which currently allows owners to increase rents by up to 4% a year.Each unit is separately metered for gas and electricity. The owner currently pays for water, septic, and trash removal.Methods to increase the net operating income include the construction of accessory dwelling units in the rear portion of the property as well as adding washers and dryers back into the former laundry room. Furthermore, a new owner may take steps to relocate tenants to increase current rents to market rate.The asset is centrally located near Burbank, Glendale, and Pasadena allowing for a quick commute to some of the tri-cities best offerings.

Details

Property type

Est. home value

$2,290,353

Lot size

0.3906 acres

Price per sq ft

$287

Year built

1957

Price History

10/18/2024
CRMLS

CRMLS #P1-19427

Price change
$2,750,000
-8.33%
09/28/2024
CRMLS

CRMLS #P1-19427

Listed
$3,000,000
09/01/2024
CRMLS

CRMLS #GD24045386

Removed
$3,000,000

Schools & Community

Neighborhood: 

Tujunga

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Jpmorgan Chase Bank Na

Loan start date

September 2014

Original loan amount

$1,200,000

Est. remaining balance

Not provided

Interest rate

4.13%

Loan type

Negative Amortization

Seller

Avedis Aratoon and Rubina Aratoon

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/04/2024 at 10:40 PM

Listing updated: 10/19/2024 at 4:25 AM

Listed by: Casey Picard, Keller Williams Realty Phone #: (626) 204-3300

MLS: CRMLS #P1-19427

CRMLS logo

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