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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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