5056 Tujunga Avenue $5,250,000

We are proud to represent this 20 unit property in prime North Hollywood. The property was constructed in 1953. Its unit mix consists of (18) 1+1 units and (2) 2+1 units. With a lot size of 19,232 square feet, the property has a total of 15,664 rentable square feet. Tenants enjoy vintage 50's construction with large rooms and ample closet space, as well as a courtyard setting. There is upside in existing rents and the building features copper plumbing. There are 16 parking spaces. North Hollywood offers many things to see and do, especially in its NoHo Arts District, which has been greatlyexpanding into a hip, pedestrian-friendly urban village. North Hollywood has historic shopping and interesting local restaurants and bars that make it a diverse, thriving neighborhood. It is home to many theatres, art galleries, cafes, music recording venues, and shops. Its residents have easy access of public transportation with the Metro rail stations and the North Hollywood Red Line and Orange line bus ways. They also have easy access to the 101, 170, and 134 freeways. North Hollywood is currently working on a $1 billion mixed-use development at Lankershim and Chandler; the project will re-develop 15.6 acres of commercial and residential space, including 562 residential units and three high-rise office towers.

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