Property Detail

Description

Now Offered Under $1M | Turnkey SFR + ADU | 6.1% Cap | 12.5 GRM | ADU Delivered Vacant. Exceptional opportunity to acquire two homes on one lot in North Hollywood, featuring a fully remodeled front home and a newly built detached ADU. The front home (7317 Tujunga Ave) offers 3 bedrooms and 2 bathrooms and is currently tenant-occupied at $4,000 per month, providing immediate in-place income. The detached ADU (7315 Tujunga Ave) features 2 bedrooms and 1 bathroom with its own private outdoor space and is currently leased at $2,482 per month. **The ADU will be delivered vacant at closing**, providing the new owner with immediate flexibility to occupy the unit, place a new tenant, or establish a new rental rate. Current combined rents total $6,482 per month ($77,784 annually). Both units have separate gas and electrical meters, providing ease of management and operational flexibility. At the current asking price, the property reflects approximately a 6.1% cap rate and 12.5 GRM based on current income. Buyer to verify all financial information. Conveniently located near the NoHo Arts District, NoHo West, Trader Joe's, Regal Cinemas, LA Fitness, Costco, Burbank Airport, major freeways, and public transportation, providing convenient access throughout the San Fernando Valley.