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7064 Greeley Street

Tujunga, CA 91042

$4,750,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $336 / sqft

2021

calendar_month Built

Property Description

Listed price has just been reduced by $500,000! The subject is a nine-unit woodframe and stucco luxury apartment building, constructed in 2021, with a convenient location in Tujunga, a suburban community within the City of Los Angeles. The subject is located just north of Foothill Boulevard and the Foothill (Interstate 210) Freeway, approximately one mile west of Glendale, two miles north of Burbank and less than eight miles from Pasadena. This stylish contemporary three-story building includes a central garage on the first story and an excellent mix of oversized two and three-bedroom units ranging up to 1,598 square feet in size in the second and third stories. The property has a center atrium, an elevator located in the lobby and a central garage with 21 vehicle spaces. Eight of the apartment units are one-level and one unit is two-story, townhouse-style. All units have contemporary kitchens with quartz countertops, dishwashers, gas range/ovens and microwave ovens. Bathrooms have luxury oversized state-of-the-art showers with full glass enclosures. Many rooms feature floor-to-ceiling windows. All units have recessed lighting, tankless water heaters, washer/dryers and central heating/air conditioning. Electricity and gas are separately metered to each unit. Zoning is LARD1.5. Eight of the units have no rental rate restriction. One two-bedroom unit is subject to restricted rate occupancy. Most units are rented on a month-to-month tenancy. Average rent per square foot is below comparable properties. As a nearly-new property with minimal rent control, there is potential to increase the capitalization rate and cash flow by increasing rental rates and decreasing operating expenses, perhaps by instituting a ratio utility billing system. Tujunga is located in the Crescenta Valley between the Verdugo and San Gabriel Mountains. It shares many municipal services with the community of Sunland which is adjacent to the west. Many residents are employed in the nearby cities of Glendale, Burbank and Pasadena. The area is served by the nearby Hollywood-Burbank Airport, a regional hub, as well as Los Angeles International Airport which is located approximately sixteen miles to the south.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Flooring Information
Material Vinyl
Fireplace Information
Features None
Interior Information
Features 2 Staircases, Built-in Features, Elevator, Open Floorplan, Quartz Counters, Recessed Lighting, Storage, Unfurnished
Cooling Type Central Air

Listing Information

Address 7064 Greeley Street
City Tujunga
State CA
Zip 91042
County Los Angeles
Listing Agent Carl Reinhart DRE#00647355
Courtesy Of Carl Reinhart, Broker
MLS PW24039012
List Price $4,750,000
Status Active
Type Residential Income
Subtype Commercial/Residential
Structure Size N/A
Lot Size 11,639
Year Built 2021
DOM 56

Exterior Information

Maps

home_work Nearby Properties

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$3,500/month

king_bed 2
shower 2
straighten 1,000
straighten 7,133
7103 Greeley Street,

Tujunga, CA 91042
Image

$3,450/month

king_bed 2
shower 1
straighten 700
straighten 7,133
7105 Greeley Street,

Tujunga, CA 91042
Image

$699,000

king_bed N/A
shower N/A
straighten N/A
straighten N/A
7116 Foothill Boulevard,

Tujunga, CA 91042
Image

$2,300/month

king_bed 2
shower 1
straighten 635
straighten 4,833
7003 Saint Estaban Street,

Tujunga, CA 91042
Image

$2,000,000

king_bed N/A
shower N/A
straighten N/A
straighten 18,536
9938 Commerce Avenue,

Tujunga, CA 91042

Listing information courtesy of: Carl Reinhart, Carl Reinhart, Broker . *Based on information from the Association of REALTORS/Multiple Listing as of Apr 21st, 2024 at 1:00 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.