Property Description

Investment Opportunity

This is a rare opportunity to acquire a 66% vacant multifamily property with significant upside potential in the Los Angeles market.

Originally built in 1949 as a single-family residence, the property was expanded in 1985 with the construction of two large apartment units. One unit is townhouse style (2 stories), and the second is open with large spaces and an enclosed balcony.  During this expansion, two additional areas were created within the structure and historically rented without proper permits and vacated by current ownership.

The property is currently 66% vacant, allowing a new investor to renovate the units and lease them at full market rents without the challenges typically associated with tenant displacement.

Additionally, the existing layout may provide an opportunity for future ADU conversions, potentially increasing the property from three legal units to five income units (buyer to verify with the City of Los Angeles).

This offering presents a compelling opportunity for investors seeking:

  • Value-add multifamily Vacant Legal Units → Immediate Market Rent Reset 
  • ADU Conversion potential
  • Total Development-Lot size 8000+ SQFT R3 Zoned
  • Owner-user flexibility/Possibility of 1-4 Unit Financing
  • Strong long-term rental demand coming from La Crescenta, Glendale Communities

10139 Hillhaven Ave

Tujunga, CA 91042

For Sale: $1,249,000

3,929 sq ft
Lot 8135
3 carport /4 add parking spaces
Year Built: 1949
MLS: GD26047316
Parcel: 2565013034
Please join us for an

Open House

No open houses scheduled

Request Showing

Map & Nearby Places

10139 Hillhaven Ave
Tujunga, CA 91042
Photo of Carlos Borraez

Carlos Borraez

Broker/Associate - Keller Williams Glendale
CA BRE # 00930706

Request Info

THANKS!

Your message was sent.
We'll be in touch soon.

Mortgage Calculator

Estimate Your Payment
Monthly Payment
Interest Rate
* Payments are estimated. Your actual numbers may vary.

Floor Plans

Units Available

Subtitle text here

No neighborhood or area info has been added for this property.