Property Detail

Description

Price Reduced! | SFR + ADU | 5.6% Cap | 12.7 GRM | Two Homes on One Lot in North Hollywood. Exceptional opportunity to acquire a well-maintained property featuring a fully remodeled front home and a newly built detached ADU, both currently tenant-occupied. The front home (7317 Tujunga Ave) offers 3 bedrooms and 2 bathrooms and is currently rented at $4,000 per month. The detached ADU (7315 Tujunga Ave) features 2 bedrooms and 1 bathroom and is leased at $2,890 per month. Total gross income is $6,890 per month ($82,680 annually). Both units have separate gas and electrical meters, providing flexibility and ease of management. The property is stabilized with in-place income, ideal for investors seeking a low-maintenance asset. At the current asking price, the property reflects approximately a 5.6% cap rate and 12.7 GRM. Buyer to verify all financial information.Conveniently located just minutes from the NoHo Arts District, NoHo West shopping center, Trader Joe's, Regal Cinemas, LA Fitness, Costco, Burbank Airport, major freeways, and public transportation, supporting strong rental demand throughout the San Fernando Valley.