Huge Increase in Income! Previous 15.61 GRM is now a GRM of 13.85 and cap rate of 4.48%!!! The two lowest paying tenants just gave notice to vacate. One of those tenants had been living in a 2-bedroom unit for over 14 years!!! 4087 Tujunga Ave is a beautifully maintained, 7-unit multi-family asset in the heart of the most desirable submarket in the San Fernando Valley, prime Studio City. Located just half a block North of Ventura Blvd and minutes drive to all of the major production studios, shopping, and nightlife of the Valley. The property offers tenants a superior unit mix of (1) 3+2, (3) 2+2, (2) 1+1, and (1) Studio unit. The new owner will benefit from the extremely desirable and sought after rental market of Studio City with a sub-14 GRM. The property is fully occupied, so please do not disturb the tenants.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
