10408 Fairgrove Avenue

Tujunga, CA 91042

  • 0 Bed(s)
  • 0 Bath(s)
  • 4,462 Sqft
  • 25308
    Sqft(Lot)
$1,899,950

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.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    48120274

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Septic Type Unknown

    Interior Features

    • Flooring: Laminate

    Cooling Features

    • Central Air,Wall/Window Unit(s)
    • Air Conditioning

    Heating Source

    • Central
    • Has Heating

  • Building Information

    • Year Built: 1938
    • Building Area Total: 4,462

    Pool Features

    • None

    Laundry Features

    • Washer Hookup,Gas Dryer Hookup

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.581
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 25308

  • Listing Price Information

    • Original List Price: 1,899,950
    • Listing Contract Date: 2024-12-17

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 2565001022

  • Garage and Parking

    • Garage Description: Attached Carport,Assigned,Boat,Carport,Door-Multi,Detached Carport,Direct Access,Door-Single,Driveway,Driveway Up Slope From Street,Garage,Gravel,Private,RV Potential,RV Access/Parking,One Space,Community Structure,Garage Faces Side,See Remarks,Side By Side

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: All Utilities

  • Other Property Info

    • Source Listing Status: Pending
    • Source Neighborhood: 659 - Sunland/Tujunga
    • Postal Code Plus 4: 1904
    • Directions: Above Foothill Blvd between Apperson Ave and Glory Ave
    • Zoning: LAR1
    • Source Property Type: Residential Income
    • Area: 659 - Sunland/Tujunga
    • Property SubType: Mixed Use

    Building and Construction

    • Property Age: 87
    • Common Walls: No Common Walls
    • Structure Type: Mixed Use
    • Year Built Source: Public Records
    • Entry Level: 1
    • Entry Location: 1,2
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BuyOwner last updated this listing 05/06/2025 @ 09:12

  • MLS: GD24248778
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is recently sold, it has 4,462 sqft, 25,308 sized lot, and 6 parking. are nearby neighborhoods.