We are pleased to present this unique 12 unit investment opportunity in the emerging market of Tujunga Ca. Situated only 5 minutes to La Crescenta/Montrose and 7 minutes to Glendale, Tujunga continues to experience a major influx of renters seeking immediate access to local amenities and workforce while achieving a more affordable housing option. Built in 1987, the building is comprise of (6) 2+2s & (6) 1+1s all with central ACV, fireplaces, enclosed garages (which can possibly be converted to ADUs?, buyer to verify)Fully occupied, significant upside, month to month tenancy. * * * Also available with sister property 4 doors down at 10219 Commerce Ave for a portfolio purchase of 24 units $6.5M (not requiring on site manager/expense) * * * This is a rare opportunity to acquire one or two well-maintained multifamily assets in low inventory market with: • Cash flow from day one • Clear upside through rent increases and ADU development (buyer to verify) • Located in a market poised for long-term appreciation Area Benefits: Tujunga is an increasingly attractive rental pocket in Northeast Los Angeles that offers both stability and upside: • Affordability Pressure from Neighboring Markets: Rents in nearby Burbank, Glendale, and La Crescenta have soared, pushing tenants toward Tujunga for more affordable options—while keeping you in proximity to major employment hubs like Studio City, Pasadena, and Downtown LA. • Residential Feel with Urban Access: Tujunga combines quiet, low-density living with access to urban conveniences. With a Walk Score of 83, residents can walk to shops, cafes, schools, and transit. • Commuter-Friendly Location: Close to major freeways (210, 5, 2) and key corridors. Ideal for working professionals and families who need access to the LA job market without paying premium rents. • Growing Local Amenities: Retail, dining, and service amenities continue to improve in the area, increasing the neighborhood's livability and tenant retention. • Low Vacancy & Steady Demand: Tujunga remains underbuilt compared to its neighbors, creating favorable supply/demand dynamics for landlords. * * * For offering memorandum contact listing agent * * *
Multi-familyProperty Type
1987Year Built
10,382 sq ftLot Size
$312Price/Sq.Ft.
10 car garageParking
Listed by Levon Alexanian•DRE #00911091• Keller Williams World Media Center
Contact: info@alexanianadvisors.com
Bought with Donna Dance•DRE #01079262• ROYAL HOMES & LOANS
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Permits
Beds
18
Baths
18
Stories
—
Lot width
—
Lot depth
—
Lot size
10,385 Sq. Ft.
Year renovated
1987
Sq. Ft.
9,944
Year built
1987
Style
Multi-Family (5+ Unit)
County
Los Angeles County
APN
2565013057
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 28, 2026.
May 19, 1999 • Active
Bldg-alter/repair
Convert an existing storage room into a new apartment unit within an existing two-story apartment building. Provide one additional parking space as required.
ADU
Dec 3, 1996 • Final
Bldg-alter/repair
Repair a leaking built-up roof and water-damaged drywall in an apartment unit.
Plumbing
Roofing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking / Garage Information
# of Garage Spaces: 10
# of Parking Spaces: 10
Interior
Laundry Information
Has Laundry
Area
Interior Features
Entry Level: 1
Entry Location: street
Unit Type 1 Information
Unit Key Numeric: 404602431
Listing Key Numeric: 374791200
Actual Rent: $2,047
Total # of Baths: 2
# of Baths Full: 2
Total # of Beds: 2
Furnished: Unfurnished
Total Rent: $12,281
Total # of Units: 6
Unit Type 2 Information
Unit Key Numeric: 404602432
Listing Key Numeric: 374791200
Actual Rent: $1,766
Total # of Baths: 1
# of Baths Full: 1
Furnished: Unfurnished
Total # of Beds: 1
Total Rent: $10,598
Total # of Units: 6
Expenses
Total: $77,320
Multi-Unit Information
Net Operating Income: $198,477
Average 3 Bed Area Units: Sq. Ft.
Average 2 Bed Area Units: Sq. Ft.
Average 1 Bed Area Units: Sq. Ft.
Sq. Ft.
Total Building Area: 9,944
Gross Scheduled Income: $280,572
Gross Income: $23,381
# Of Separate Water Meters: 1
# Of Separate Gas Meters: 13
# Of Separate Electric Meters: 13
# Of Buildings: 1
Exterior
Exterior Features
Pool Features: None
Lot Information
Elevation Units: Feet
Lot Size Source: Assessor's Data
Lot Features: 11-15 Units/Acre
Property Information
Common Interest: Community Apartment
Total # of Units: 12
Common Walls: 1 common wall
Parcel Number: 2565013057
Attached Property
Total # of Stories: 2
Year Built Source: Assessor
Property ADU: No
Financial
Lease / Rental Details
Operating Expense: $77,320
Utilities
Utilities Information
Sewer: Public Sewer
Water Source: District/Public
Location
Neighborhood Information
Community Features: Curbs, Horse Trails, Golf Course, Biking, Hiking, BLM/National Forest, Foothills, Street Lighting, Suburban, Park
Location Information
Latitude: 34.25311200
Longitude: -118.28896100
Directions: North of Foothill
Zoning: LAR3
Public facts
Beds: 18
Baths: 18.0
Sq. Ft.: 9,944
Stories: —
Lot Size: 10,385 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1987
Year Renovated: 1987
County: Los Angeles County
APN: 2565013057
Home facts updated by county records on Aug 28, 2026
Other
Listing Information
IDX Contact Info: info@alexanianadvisors.com
Days Active in MLS: 154
Continuous Days Active in MLS: 154
Listing Agent Information
List Agent First Name: Levon
List Agent Last Name: Alexanian
Listing Office Information
List Office Name: Keller Williams World Media Center
Selling Agent Information
Buyer Agent First Name: Donna
Buyer Agent Last Name: Dance
Selling Office Information
Buyer Office Name: ROYAL HOMES & LOANS
Around this home
Schools
Pinewood Avenue Elementary School
Public K-5 • Assigned • 0.2mi
7/10
Mt. Gleason Middle School
Public 6-8 • Assigned • 1.4mi
7/10
Verdugo Hills Senior High School
Public 9-12 • Assigned • 0.8mi
7/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
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