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Suzie Alvarez

susanaalvarez01@gmail.com +1(520) 279-1408

$1,300,000

Est. payment - /mo

7 Beds

5 Baths

3,231 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,231 sqft

Price per Sqft $402

MLS Listing ID 26992637

Bedrooms 7

HOA Y/N No

Year Built 1953

Lot Size 0.250 Acres

Property Description

10200-10204 Pinewood Avenue presents an attractive five-unit multifamily investment opportunity located north of Foothill Boulevard in the desirable Tujunga community of Los Angeles. Built in 1953, the property consists of approximately 3,231 square feet of improvements situated on a generous 10,893 square foot lot and features two separate residential buildings with a desirable and well-balanced unit mix. The front building consists of three (3) one-bedroom, one-bathroom units, while the rear building contains two (2) two-bedroom, one-bathroom units. The property offers a number of features that enhance its appeal to tenants, including private porches and balconies, mountain views from the upper-level residences, window air conditioning, wall heating, and a separate on-site laundry room. Parking is particularly strong for a five-unit property, with five private detached one-car garages plus five additional uncovered parking spaces, providing a total of ten parking spaces. The property has benefited from a variety of improvements to both the individual units and major building systems over the years. Previous renovations include updated kitchens and bathrooms in select units, dual-pane windows, upgraded flooring, appliances, fixtures, and other interior improvements. The property has also undergone extensive permitted copper re-piping, including improvements to the main water line and the installation of some new water heaters. Portions of the property's sewer system have also reportedly been upgraded, further contributing to the property's history of capital improvements. The property's expansive 10,893 square foot lot may also offer future ADU development potential, providing an additional value-add opportunity for a new owner. Of particular interest is the detached garage structure positioned between the front and rear residential buildings, which may lend itself to potential ADU conversion or redevelopment while utilizing the property's existing improvements and generous lot configuration. Any future ADU development or conversion would be subject to an investor's independent investigation and all applicable zoning, building, parking, and governmental requirements. Situated in the foothills of the Verdugo Mountains, the property offers residents an appealing residential environment while remaining conveniently connected to La Crescenta-Montrose, Sunland, Glendale, and the greater Los Angeles area. Its location north of Foothill Boulevard provides convenient access to neighborhood shopping, dining, services, recreation, and major transportation routes while maintaining the quieter residential character for which this pocket of Tujunga is known. 10200-10204 Pinewood Avenue represents a compelling opportunity to acquire a well-located five-unit multifamily asset in an established Tujunga rental market. The property's generous lot, private garages, on-site laundry, extensive plumbing improvements, and potential for future ADU development provide an attractive combination of existing fundamentals and long-term value-add potential.

Location

State CA

County Los Angeles

Area 659 - Sunland/Tujunga

Zoning LARD1.5

Interior

Heating Floor Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Appliance Dryer, Washer

Exterior

Parking Features Garage, Uncovered

Garage Spaces 5.0

Garage Description 5.0

View Y/N Yes

View Mountain(s)

Total Parking Spaces 10

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 2565017038

Special Listing Condition Standard

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Listed by Derrick Vartanian Lyon Stahl Investment Real Estate, Inc. #01816119

NEARBY SCHOOL & BUSINESS

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10200 Pinewood AVE Tujunga, CA 91042