RARE OPPORTUNITY, to obtain this Beautiful, well maintained, pride of ownership NON RENT CONTROL, updated 12 unit apartment complex. This property is located in desirable part of Tujunga and was built in 1985. The building is comprised of all ( 1+1 ), nice size units, which offer approx. 575 sq. ft of living space. All units have tile flooring, crown moldings, and updated kitchen cabinets with granite counter tops. CAPITAL IMPROVEMENTS: All water lines, plus Main Water Heater were changed in 2016. Building offers Mostly copper plumbing. This strong cash flow investment offers 4.28 current cap rate & still has significant rental upside potential. Located in a high demand rental location and in an area that has shown continued improvement over the years. The property has secure entry, ample parking, on-site laundry, and is individually metered for gas & electricity. ( All units have electrical stoves.)
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