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5050 TUJUNGA Avenue, North Hollywood, CA 91601

Property Details

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5050 TUJUNGA Avenue
North Hollywood, CA 91601

In Escrow / Under Contract: $6,595,000

Property Type: Commercial Apartments
MLS#: 18401090

  • Building Size: 24390 SF
  • Lot Size: 24468 SF
  • Number of Units: 25
  • Number of Stories: 2
  • Year Built: 1960
  • Days on market: 206
  • Cap Rate: 3.26
  • Net Operating Income: $215,030
  • Gross Scheduled Income: $410,420
  • Rent Control: No
  • GRM: 16.07
  • Contact Listing Agent Direct:
  • Roderick 'Rick' Raymundo, Marcus & Millichap


Property Description

pleased to announce the sale of 5050 Tujunga Avenue, a 25-unit multifamily property in the southern portion of the thriving NoHo Arts District, just two blocks from Toluca Lake, three blocks from Studio City, and one mile from the city of Burbank. Available for sale for the first time in more than 20 years, the 24,390 square foot property features large floorplans, with 68% of the units including two or three bedrooms. Zoned R4, the 24,468 square foot lot is considered to be within the Tier 3 TOC Zone by virtue of its proximity to the North Hollywood Metro Red Line and Orange Line Station. (Source: ZIMAS)Directly across the street from the property is the popular North Hollywood Park, one of the most prominent recreation centers in the San Fernando Valley, which features outdoor movies and food trucks throughout the summer months at events such as Eat See Hear.


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5050 TUJUNGA Avenue, North Hollywood, CA 91601

Based on information from California Regional Multiple Listing Service, Inc. as of February 24, 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Listing provided by: Roderick 'Rick' Raymundo, Marcus & Millichap

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