10039-10043 Haines Canyon Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
10039-10043 Haines Canyon Ave
12 Unit Apartment Building $2,750,000 ($229,167/Unit) 6.16% Cap Rate Tujunga, CA 91042
Investment Highlights
- Great unit mix of all 2 bed / 1 bath units with individual water heaters
- Room to add laundry room for additional income
- (2) - six unit apartment complexes on one APN
- The property shall be delivered with four vacant units
- Upon lease-up of the vacant units, there is an additional rental upside of ±40%
- One of the buildings recently had the roof replaced.
Executive Summary
Located on Haines Canyon Avenue in Tujunga, California, this twelve unit apartment complex offers (2) - 6 unit buildings on a ±17,018 SF lot. With (12) - 2 bedroom / 1 bath units, an investor will have the opportunity to capture high rents in the ±9,588 SF building. Upon lease-up of the existing units, there is an additional rental upside of ±44%.
Built in 1953, the property is under Los Angeles RSO which currently allows owners to increase rents by up to 4% a year.
Each unit is separately metered for gas and electricity. The owner currently pays for water, septic, and trash removal.
Methods to increase the net operating income include the construction of accessory dwelling units in the rear portion of the property as well as adding washers and dryers back into the former laundry room. Furthermore, a new owner may take steps to relocate tenants to increase current rents to market rate.
The asset is centrally located near Burbank, Glendale, and Pasadena allowing for a quick commute to some of the tri-cities best offerings.
Built in 1953, the property is under Los Angeles RSO which currently allows owners to increase rents by up to 4% a year.
Each unit is separately metered for gas and electricity. The owner currently pays for water, septic, and trash removal.
Methods to increase the net operating income include the construction of accessory dwelling units in the rear portion of the property as well as adding washers and dryers back into the former laundry room. Furthermore, a new owner may take steps to relocate tenants to increase current rents to market rate.
The asset is centrally located near Burbank, Glendale, and Pasadena allowing for a quick commute to some of the tri-cities best offerings.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts In Escrow
| Price | $2,750,000 | Apartment Style | Low Rise |
| Price Per Unit | $229,167 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.39 AC |
| Cap Rate | 6.16% | Building Size | 15,968 SF |
| Gross Rent Multiplier | 10.6 | Average Occupancy | 66% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1957 |
| Property Subtype | Apartment | Parking Ratio | 1.67/1,000 SF |
| Price | $2,750,000 |
| Price Per Unit | $229,167 |
| Sale Type | Investment |
| Cap Rate | 6.16% |
| Gross Rent Multiplier | 10.6 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.39 AC |
| Building Size | 15,968 SF |
| Average Occupancy | 66% |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 1.67/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
- Refrigerator
- Oven
- Tub/Shower
- Pantry
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 12 | $1,801 | - |
1 of 1
Walk Score ®
Very Walkable (73)
PROPERTY TAXES
| Parcel Number | 2568-001-014 | Improvements Assessment | $535,910 |
| Land Assessment | $1,473,762 | Total Assessment | $2,009,672 |
PROPERTY TAXES
Parcel Number
2568-001-014
Land Assessment
$1,473,762
Improvements Assessment
$535,910
Total Assessment
$2,009,672
zoning
| Zoning Code | RD3, Los Angeles |
| RD3, Los Angeles |
1 of 17
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
10039-10043 Haines Canyon Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.