Tujunga (los Angeles), CA 91042,10408 Fairgrove Avenue
Listed by Eduard Khachatryan • Luxury Homes International
Bought with Tholfaqar Al Emara • Keller Williams Coastal Prop.
$1,800,000
Est. payment /mo
Est.Price: ?

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4,462 SqFt
SOLD DATE : 05/09/2025

Key Details

Sold Price $1,800,000

Property Type Commercial Sale

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 4,462 sqft

Price per Sqft $403

MLS Listing ID CRGD24248778

Year Built 1938

Lot Size 0.581 Acres

Property Sub-Type Other

Property Description

Seller Financing Available 20% Down Payment | 6% Annual Interest | No Prepayment Penalty This incredible 6-unit income property in Tujunga, located on nearly 26,000 sq ft of land, is generating approximately $11,248 per month in rental income. There is significant upside potential, with market rents in the area reaching $14,800 per month. Additionally, the detached 2-car garage, currently rented for $500 per month, could be converted into an Accessory Dwelling Unit (ADU) to generate an additional $2,100 per month in rental income. Based on last appraisal report: Total Living Area: 4,570 Garage Size : 1,730 Carport :360 Currently, rents are below market, offering a great opportunity for increases. Property Overview: First Structure (2-story): Second Floor: 2 units, each 1 Bedroom, 1 Bathroom Unit 1: Rented for $1,092 Unit 2: Rented for $1,196 Total: $2,288 First Floor: 2-car garage and a studio unit Studio Unit: Rented for $1,092 Second Structure: 1 Bedroom, 1 Bathroom Rented for $1,768 Third Structure: 1 Bedroom, 1 Bathroom Rented for $2,100 Front House: 2 Bedrooms, 2 Bathrooms Rented for $3,500 The detached garage at the end of the property is currently rented for $500 per month but could be converted into an additional residential unit for increased rental income. Additional Pr

Location

State CA

County Los Angeles

Interior

Heating Other

Cooling Central Air, Wall/Window Unit(s)

Flooring Laminate

Laundry Other

Building

Water Public

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agent

Altie Schmitt

+1(925) 528-8000

Partner at Village Associates | License ID: 00924672

Partner at Village Associates License ID: 00924672

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