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SIGNIFICANT PRICE REDUCTION — SOLD AS-IS!!! Six-unit apartment building offering 12 bedrooms, with each unit featuring 2 bedrooms and 1 bathroom. Five units are currently occupied, generating approximately $8,160 per month in residential rental income, plus approximately $120 per month in laundry income. One unit is currently vacant and is projected to rent for approximately $2,000 per month when ready for occupancy. When fully occupied, projected gross income is approximately $10,280 per month, or $123,360 annually, including laundry income. Based on reported operating expenses, including approximately $840 annually for LAHD-related expenses, projected net operating income is approximately $82,039 annually before a vacancy allowance and before debt service, income taxes, depreciation, capital expenditures, and any other unreported expenses. Applying a 5.5% vacancy allowance results in a projected annual net operating income of approximately $75,333. Property is being sold AS-IS. Buyer and Buyer's Agent are advised to independently investigate and verify all information concerning the property, including but not limited to rents, expenses, projected income, square footage, lot size, building information, permits, zoning, boundaries, rental regulations, and other applicable property information. Information provided is believed to be reliable but is not guaranteed. Seller and Listing Broker make no representations or warranties regarding the accuracy or completeness of the information, and Buyer is advised to conduct their own due diligence and rely on their own investigations.

BB26187539 MLS ⋅ Active Status

7061 Greeley Street, Tujunga

$1,390,000

Seller will carry with 25% down at 5% for 5 Years. Unlock incredible versatility and strong cash flow with this premier eight-unit mixed-use property situated on high-visibility commercial land. Boasting one hundred feet of premium street frontage, this unique asset features four residential units and four storefront retail spaces. It offers an ideal setup for an investor seeking a diversified income stream, or an owner-user looking to occupy the front retail spaces or residential quarters while letting the remaining units subsidize the mortgage. Beyond its immediate income-generating power, the property offers exceptional value-add and redevelopment upside. Investors can choose to remodel the existing structures, utilizing the generous lot space to add accessory dwelling units or expand the commercial footprint. Alternatively, the site is an excellent candidate for complete redevelopment, allowing a buyer to demolish the current structure and construct a brand-new apartment complex, a larger commercial facility, or a modern mixed-use project featuring ground-floor retail with residential units above. This versatile property is being sold in its present as-is condition and has been priced competitively to reflect its incredible future potential. To help expedite the acquisition, a prospective lender is already in place with financing available at forty percent down. Whether you choose to collect steady rent, occupy the space, or redevelop from the ground up, this property represents a rare and lucrative footprint in a prime commercial corridor.

GD26196566 MLS ⋅ Active Under Contract Status

6938 6940 Foothill Boulevard, Tujunga

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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