10408 Fairgrove Avenue

Tujunga, CA 91042

$1,995,950
Price
6
Beds
7
Baths
4,462 Sq. Ft.
$447 / Sq. Ft.
4,462
Sq. Ft.
$447
per Sq. Ft.

Description

Amazing 6 unit income property in a nice street of Tujunga built on almost 26,000 sq ft of land. Potential great add value opportunity not to be missed. The 2 story detached property consists of 2 X 1 Bed 1 Bath unit on the second floor and a 2 X 2 car garage and a studio unit on the first floor. The second structure has a 1 Bedroom 1 Bathroom, the third structure has another 1 Bedroom 1 Bathroom and the front house has a 2 Bedroom 2. Bathroom with a nice attached one car garage with direct access...Amazing 6 unit income property in a nice street of Tujunga built on almost 26,000 sq ft of land. Potential great add value opportunity not to be missed. The 2 story detached property consists of 2 X 1 Bed 1 Bath unit on the second floor and a 2 X 2 car garage and a studio unit on the first floor. The second structure has a 1 Bedroom 1 Bathroom, the third structure has another 1 Bedroom 1 Bathroom and the front house has a 2 Bedroom 2. Bathroom with a nice attached one car garage with direct access that can be used as an office, bedroom or a nice workspace for artists or content creators. There is a detached garage at the end of the property that might be converted to another unit for more rental income. Almost all units have washer dryer hookups for convenience. Property has storage area on the property that can be leased for more income. Long, wide solar lighted driveway with plenty of parking at the end. Plenty of carports for additional cars and even an RV or a boat. Property has a huge space at the front and the back with more room to add more possible rental units, house, ADU or a storage as a source of additional income.
  1. Listed by Eduard Khachatryan • DRE #01769888 • Brokerage DRE #02242181 • Luxury Homes International • glendalebroker@gmail.com

Property Details for 10408 Fairgrove Avenue

Parking Spaces Total
18
Private Pool
No
Total Units
6.0
Lot Size Source
Assessor
Property Attached YN
false
Common Walls
No Common Walls
New Construction
No
Average Studio Area Units
Square Feet
LISTING UPDATED: 12/16/2024 11:58 PM

Property Details for 10408 Fairgrove Avenue

StatusActive
MLS #GD24248778
Days on Market3
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income / Combo - Res and Com
Year Built1938
Lot Size0.58 AC / 25,308 SF
CountyLos Angeles County

Building Information for 10408 Fairgrove Avenue

Stories2Residences-Year Built1938Lot Size0.58 AC / 25,308 SF

Property Information for 10408 Fairgrove Avenue

Rental Info
Rental Info
  • Tenant Pays: All Utilities
Income / Expense / Tax Details
Income Details
  • Gross Income: $121,800
  • Gross Scheduled Income: $121,800
  • Net Operating Income: $120,000
  • Number Of Rented Garages: 6
  • Gross Multiplier: 16.47
  • Cap Rate: 6.0
Expense Details
  • Operating Expense: $1,800
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $1,800
  • Total Expenses: $1,800
Tax / Assessment Info
  • Tax Tract Number: 101...
  • Tax Census Tract: 1011.22
  • Tax Lot: 507
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Buyer to Verify, Unknown
  • Community Features: Biking, Sidewalks, Suburban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Laundry Equipment Own Lease: Own
  • Cooling: Central Air, Wall/Window Unit(s)
  • Heating: Central
  • Flooring: Laminate
Exterior Features
  • Entry Location: 1,2
  • Pool Features: None
Land/Lot Info
  • Lot Features: 6-10 Units/Acre
  • Land Lease: No
  • Sewer: Septic Type Unknown
  • Utilities: Electricity Connected, Sewer Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 6
  • Parking: Yes
  • Uncovered Spaces: 6
  • Carport Spaces: 6
  • Parking Features: Assigned, Boat, Carport, Attached Carport, Detached Carport, Direct Garage Access, Driveway, Gravel, Driveway Up Slope From Street, Garage, Garage Faces Side, Garage - Single Door, Garage - Two Door, Parking Space, Private, RV Access/Parking, RV Potential, See Remarks, Side by Side, Structure
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $3,100
  • Unit Type Total Rent: $3,100
  • Unit Type Pro Forma: 3500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,700
  • Unit Type Total Rent: $1,700
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,150
  • Unit Type Total Rent: $1,150
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,050
  • Unit Type Total Rent: $1,050
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,050
  • Unit Type Total Rent: $1,050
  • Unit Type Pro Forma: 1350
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,100
  • Unit Type Total Rent: $2,100
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 6
Unit Information
  • Number Of Units Leased: 6
  • Rent Controlled: Yes
  • Number Of Buildings: 6
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 7

Property History for 10408 Fairgrove Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 10408 Fairgrove Avenue

Taxable ValueLand$832,320Additions$832,320Total$1,664,640
Tax Record2024$21,410 ($1,784 / month)
Home Facts
Total Finished SqFt4,462 SqFtAbove Grade Finished SqFt4,462 SqFtLot Size25,300 SqFtStyleMulti-Family Res (5+ Units)Year Built1938ZoningLAR1CountyLOS ANGELESAPN2565-001-022

Schools near 10408 Fairgrove Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Pinewood Avenue Elementary School
PublicK to 5

Mt. Gleason Middle School
Public6 to 8

Verdugo Hills Senior High School
Public9 to 12

Mt. Lukens Continuation School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

10408 Fairgrove Avenue is a mixed use property for sale in Tujunga, CA 91042. This property was listed for sale on December 17, 2024 by Luxury Homes International, it's currently listed at $1,995,950. It has been on the market for a total of 3 days and was last sold on March 3, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Pinewood Avenue Elementary School, Mt. Gleason Middle School and Verdugo Hills Senior High School. 10408 Fairgrove Avenue is a 6-bed, 7-bath, 4,462 sqft mixed use property built in 1938.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Luxury Homes International, Eduard Khachatryan, DRE #01769888

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.