6801-6809 Valmont St - Apartments FOR SALE


Tujunga, CA 91042
$2,998,000 USD
818-919-0282
6801-6809 Valmont St, Tujunga, CA for Sale
$2,998,000 USD
Apartments - FOR SALE
1/11
null | 4.31% Cap Rate

6801-6809 Valmont St
Tujunga, CA 91042


HIGHLIGHTS

  • Eight-unit, single-story bungalow court property situated on a 0.56-acre corner lot in the foothills of the San Gabriel Mountains.
  • Well-balanced unit mix featuring four 2-bedroom/1-bath units and four 1-bedroom/1-bath units with efficient layouts.
  • Immediate value-add opportunity with one vacant unit and significant mark-to-market rent growth potential.
  • All tenants are separately metered and pay for their own utilities, resulting in a low operational expense profile for ownership.
  • LARD2 zoning allows for added density, accessory dwelling unit (ADU) development, or future redevelopment upside.
  • Located moments from Foothill Boulevard retail and dining and near the 210 Freeway, providing convenient access to Pasadena, Glendale, and Burbank.

OVERVIEW

Set in the San Gabriel Mountain foothills of Tujunga, 6801 Valmont St is an 8-unit, single-story apartment community on a 24,237 SF (0.56-acre) corner lot at Valmont St and Haines Canyon Ave. Four detached bungalow-style buildings hold four 2-bedroom and four 1-bedroom homes, with tenants paying their own utilities. One unit is vacant and in-place rents sit below market — and LARD2 zoning supports added density. Major ADU / development opportunities for this lot as well.

FOR SALE DETAILS

PRICE

$2,998,000 USD

PRICE/SF

$618 USD /SF

# OF UNITS

8

PRICE/UNIT

$374,750

CAP RATE

4.31%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1954

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,237 SF

ZONING

R3-1, Los Angeles

APN/PARCEL ID

2565-019-028

ASK ABOUT THIS PROPERTY

Brent BallardBallard & Ballard Real Estate-eXpMore Info
818-919-0282

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Brent BallardBallard & Ballard Real Estate-eXpMore Info
818-919-0282

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.