Tujunga (los Angeles), CA 91042,10408 Fairgrove Avenue
$1,800,000
$1,899,950
5.3%
Est.Price: ?

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4,462 SqFt

10408 Fairgrove Avenue Tujunga (los Angeles), CA 91042

Est. payment /mo
SOLD DATE : 05/09/2025

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Key Details

Sold Price $1,800,000

Property Type Commercial

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 4,462 sqft

Price per Sqft $403

MLS Listing ID CRGD24248778

Sold Date 05/09/25

HOA Y/N No

Year Built 1938

Lot Size 0.581 Acres

Acres 0.58

Property Sub-Type Other

Property Description

Seller Financing Available 20% Down Payment | 6% Annual Interest | No Prepayment Penalty This incredible 6-unit income property in Tujunga, located on nearly 26,000 sq ft of land, is generating approximately $11,248 per month in rental income. There is significant upside potential, with market rents in the area reaching $14,800 per month. Additionally, the detached 2-car garage, currently rented for $500 per month, could be converted into an Accessory Dwelling Unit (ADU) to generate an additional $2,100 per month in rental income. Based on last appraisal report: Total Living Area: 4,570 Garage Size : 1,730 Carport :360 Currently, rents are below market, offering a great opportunity for increases. Property Overview: First Structure (2-story): Second Floor: 2 units, each 1 Bedroom, 1 Bathroom Unit 1: Rented for $1,092 Unit 2: Rented for $1,196 Total: $2,288 First Floor: 2-car garage and a studio unit Studio Unit: Rented for $1,092 Second Structure: 1 Bedroom, 1 Bathroom Rented for $1,768 Third Structure: 1 Bedroom, 1 Bathroom Rented for $2,100 Front House: 2 Bedrooms, 2 Bathrooms Rented for $3,500 The detached garage at the end of the property is currently rented for $500 per month but could be converted into an additional residential unit for increased rental income. Additional Pr

Location

State CA

County Los Angeles

Zoning LAR1

Interior

Heating Other

Cooling Central Air, Wall/Window Unit(s)

Flooring Laminate

Fireplace No

Laundry Other

Exterior

Utilities Available Other Water/Sewer

Building

Water Public, Other

New Construction No

Others

Tax ID 2565001022

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Bridge MLS
Listed by Eduard Khachatryan • Luxury Homes International
Bought with TholfaqarAl Emara

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Ian Stapp

Ian Stapp

Agent | CA DRE#02177046

+1(209) 765-4712

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