Original listed price has been reduced by $900,000! 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.
Sold for $4,050,000
Listing Provided by:
Carl Reinhart DRE #00647355 714-404-8020,
Carl Reinhart, Broker
Bought with: Americana Real Estate Services
$4,050,000
7064 Greeley St, Tujunga, CA 91042
22beds
15baths
14,120sqft
Mixed Use
Built in 2021
-- sqft lot
$-- Zestimate®
$287/sqft
$2,838 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,838/mo
Zestimate® history
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Zillow last checked: 7 hours ago
Listing updated: December 09, 2024 at 08:04pm
Listing Provided by:
Carl Reinhart DRE #00647355 714-404-8020,
Carl Reinhart, Broker
Bought with:
Vahe Parsekhian, DRE #01398749
Americana Real Estate Services
Source: CRMLS,MLS#: PW24039012
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 22
- Bathrooms: 15
Primary bedroom
- Features: Main Level Primary
Bedroom
- Features: Bedroom on Main Level
Bedroom
- Features: Multi-Level Bedroom
Heating
- Central, Forced Air
Cooling
- Central Air
Appliances
- Included: Built-In Range, Dishwasher, Gas Cooktop, Disposal, Gas Oven, Gas Range, Microwave, Tankless Water Heater, Dryer, Washer
Features
- Built-in Features, Elevator, Multiple Staircases, Open Floorplan, Quartz Counters, Recessed Lighting, Storage, Unfurnished, Atrium, Bedroom on Main Level, Main Level Primary
- Flooring: Vinyl
- Windows: Blinds
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 14,120
- Total interior livable area: 14,120 sqft
Property
Parking
- Total spaces: 21
- Parking features: Assigned, Controlled Entrance, Concrete, Driveway Level, Garage Faces Front, Garage, Gated, Private, Community Structure
- Garage spaces: 21
Accessibility
- Accessibility features: Accessible Elevator Installed, Grab Bars, Parking, Accessible Doors, Accessible Entrance, Accessible Hallway(s)
Features
- Levels: Three Or More
- Stories: 3
- Entry location: Front of building
- Pool features: None
- Spa features: None
- Fencing: Excellent Condition,Wrought Iron
- Has view: Yes
- View description: Hills, Neighborhood
Lot
- Size: 0.27 Acres
- Features: 31-35 Units/Acre, Back Yard, Lawn, Level, Near Public Transit, Rectangular Lot, Sprinkler System, Yard
Details
- Parcel number: 2568016061
- Zoning: LARD1.5
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Modern
- Property subtype: Mixed Use
- Attached to another structure: Yes
Materials
- Drywall, Frame, Stucco
- Foundation: Slab
- Roof: Composition,Elastomeric,Flat,Mansard
Condition
- Turnkey
- New construction: No
- Year built: 2021
Utilities & green energy
- Electric: Electricity - On Property, 220 Volts in Kitchen
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Community & neighborhood
Security
- Security features: Security System, Closed Circuit Camera(s), Carbon Monoxide Detector(s), Fire Detection System, Fire Sprinkler System, Security Gate, Gated Community, Smoke Detector(s)
Community
- Community features: Curbs, Foothills, Hiking, Near National Forest, Preserve/Public Land, Street Lights, Suburban, Sidewalks, Valley, Gated
Location
- Region: Tujunga
HOA & financial
Other financial information
- Total actual rent: 25594
Other
Other facts
- Listing terms: Cash,Cash to New Loan,Conventional
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 12/9/2024 | Sold | $4,050,000-18.9%$287/sqft |
Source:  CRMLS #PW24039012 Report a problem | ||
| 11/16/2022 | Sold | $4,995,000$354/sqft |
Source: JohnHart Solds #GD22107962_91042 Report a problem | ||
| 11/2/2022 | Contingent | $4,995,000$354/sqft |
Source: CRMLS #GD22107962 Report a problem | ||
| 11/2/2022 | Pending sale | $4,995,000$354/sqft |
Source: JohnHart Real Estate #GD22107962 Report a problem | ||
| 10/25/2022 | Price change | $4,995,000-3.8%$354/sqft |
Source: CRMLS #GD22107962 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2018 | $4,438 | $369,342 +2336.6% |
| 2017 | $4,438 +2089.6% | $15,158 +2% |
| 2016 | $203 +1.9% | $14,862 +1.5% |
Find assessor info on the county website
Neighborhood: Tujunga
Nearby schools
GreatSchools rating
- 7/10Pinewood Avenue Elementary SchoolGrades: K-5Distance: 0.3 mi
- 7/10Mt. Gleason Middle SchoolGrades: 6-8Distance: 1.7 mi
- 7/10Verdugo Hills Senior High SchoolGrades: 9-12Distance: 1.1 mi
- California
- Los Angeles County
- Los Angeles
- 91042
- Tujunga
- 7064 Greeley St