7224 Tujunga AVE North Hollywood, CA 91605

Great investment opportunity to purchase and own this ten unit apartment building in the heart of North Hollywood situated on a major street with convenient access to public transportation, local schools and shopping. Long time established building is security gated with wrought iron fencing, with parking access through rear alley, total of ten parking spaces (six covered & 4 uncovered) one space per unit. Building has been recently remodeled with copper plumbing (within the last 3 years), AC & heat for each unit (within last year) and roof (within the last 7 years).

Priced to sell with upside potential, (less than market rents) zero vacancy, currently 100% rented with long term tenants, all on a month to month rent, majority of the tenants have lived there longer than seven years, building is approved for section 8, however, none of the current tenants are on section 8. Seller intends to do a 1031 tax deferred exchange and requests buyer's cooperation and agrees to hold buyer harmless from any and all claims, costs & liabilities. For further information please contact listing agent, Jim Mangassarian.