$3,350,000
$3,650,000
8.2%For more information regarding the value of a property, please contact us for a free consultation.
0.34 Acres Lot
SOLD DATE : 04/08/2022
Key Details
Sold Price $3,350,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC22018966
Sold Date 04/08/22
HOA Y/N No
Year Built 1979
Annual Tax Amount $42,887
Tax Year 2021
Lot Size 0.344 Acres
Property Description
7139 Greeley is a non rent-controlled 12-unit apartment complex located in the heart of Tujunga, California. Despite recent unit renovations and a long history of stable cashflow, the property has been owned by the same owner for over 25 years and may benefit from a more streamlined management approach; yielding much better efficiencies and higher market rents. The asset boasts 100% occupancy at current rates; however, every single unit will be month-to-month by March of 2022, providing a potentially immediate opportunity for significant rental upside. Nonetheless, buyer shall perform its own due diligence.
Location
State CA
County Los Angeles
Area 659 - Sunland/Tujunga
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Common Area
Exterior
Carport Spaces 18
Utilities Available Electricity Available, Natural Gas Available, Sewer Connected, Water Connected
Roof Type Composition
Total Parking Spaces 24
Building
Lot Description 0-1 Unit/Acre
Story 2
Water Public
Others
Tax ID 2568013032
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Sevak Keshishian • Marcus & Millichap
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
880 Roosevelt Suite 250, Irvine, California, 92620, United States