10408 Fairgrove Avenue

Tujunga, CA 91042

PRICE REDUCED

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-$96,000 (-4.81%)

$1,899,950

List Price

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bed Beds

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1938

calendar_month Built

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 Property Features: Spacious front and back yards, offering potential for additional rental units, an ADU, a new house, or storage units for more income. Storage area on the property that can be leased for extra revenue. Long, wide solar-lit driveway with ample parking, including carports, and space for RV or boat storage. Almost all units are equipped with washer/dryer hookups for tenant convenience. This is a fantastic value-add opportunity not to be missed.

Listing Information

List Price $1,899,950
Status Active
MLS GD24248778
HOA $0
Type Residential Income
Subtype Mixed Use
Year Built 1938
Lot Size 25,308
Structure Size N/A
DOM 105
Courtesy Of Luxury Homes International
Listing Agent Eduard Khachatryan DRE#01769888

Interior Features

Laundry Information
Location(s) Washer Hookup, Gas Dryer Hookup
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Flooring Information
Material Laminate
Cooling Type
Cooling Type Central Air, Wall/Window Unit(s)
Heating Type
Heating Type Central

Maps

home_work Nearby Properties

Listing information courtesy of: Eduard Khachatryan, Luxury Homes International 818-484-8008. *Based on information from the Association of REALTORS/Multiple Listing as of Apr 2nd, 2025 at 1:22 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.