Residential Income In Tujunga

[hidden information] 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. [hidden information] 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.