Tujunga, CA 91042,7139 Greeley Street
Tujunga, CA 91042,7139 Greeley Street
Tujunga, CA 91042,7139 Greeley Street
Listed by Casey Kirkland • Coldwell Banker Realty
$3,350,000
Est. payment /mo
Est.Price: ?

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SOLD DATE : 04/08/2022

Key Details

Sold Price $3,350,000

Property Type Commercial

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID OC-22018966

Year Built 1979

Annual Tax Amount $42,887

Tax Year 2021

Property Sub-Type Multi Family

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 Units

Laundry Laundry Equipment Own Lease, Common Area

Exterior

Utilities Available Sewer Connected, Electricity Available, Natural Gas Available

Building

Lot Description 0-1 Unit/Acre

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Paul Ward
Paul Ward

Broker Associate | License ID: 01354001

+1(805) 479-5004 | paul@homeandranchteam.com

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