Triplex with Detached
New
For Sale
$980,000
7244 Tujunga Avenue, North Hollywood, CA 91606
The three residences offer one-, two-, and three-bedroom layouts.
Property Size2,876 SF
Days on Market6
Property Features for 7244 Tujunga Avenue
General Information
Standard status
Active
Size
2,876 SF
Total Parking Spaces
3
Property subtype
Triplex
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$1,977
Building Details
Building Size
2,876 SF
Year Built
1954
Buildings
2
Listing Agency:
Equity Union
Listed By:
Gudelia Portillo · License #01291966
(661) 860-6030
Source:
Truthrealty
Added: Oct 2
Changed: Oct 6
Last Checked: Oct 5 at 11:17PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Equity Union
Investment Insights
Based on property information with market context.
The property is a triplex built in 1954, with three separate residences: a 3-bedroom, 1-bath unit, a 2-bedroom, 1-bath unit, and a 1-bedroom, 1-bath unit. A detached 3-car garage includes a former laundry room.
Key Highlights
- Three units: 3‑bedroom/1‑bath, 2‑bedroom/1‑bath, and 1‑bedroom/1‑bath
- Detached 3‑car garage with a former laundry room
- Built in 1954
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,225
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,004,500
$1.0M
Cap Rate 7%
$717,500
$717.5K
Cap Rate 9%
$558,056
$558.1K
Market Conditions
NOI Build-Up for 2,876 SF
Gross rent
$77.7K $27.00/SF
− Vacancy
−$5.9K −$2.05/SF
EGI
$71.8K $24.95/SF
− OpEx
−$21.5K −$7.48/SF
NOI
$50.2K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,004,500
Cap Rate 7%
$717,500
Cap Rate 9%
$558,056
Alternative Uses
Best Use
Multifamily LT 5
$717.5K
$627.8K – $837.1K
NOI $50,225 @ 7.0% cap · market cap 5.13%
Second Best
Apartment 5plus
$661.1K
$578.5K – $771.3K
NOI $46,277 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$1.54M
$1.35M – $1.80M
NOI $107,786 @ 7.0% cap · market cap 11.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,242
Businesses Nearby
Explore this area
Business Placement
Demographics for 91606, CA
43,955
Population
16,563
Households
2.7
Avg Household Size
38
Median Age
27%
College-Educated
78%
High-School Grad
3.3 sq mi
ZIP Area
13,320
Density / Sq Mi
$66,884
Median Household Income
$36,497
Median Earnings
$1,744
Median Rent
$801,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - The three residences offer one-, two-, and three-bedroom layouts.
Where is this triplex located?
The property is located at 7244 Tujunga Avenue North Hollywood, CA.
What is the asking price?
The asking price for this property is $980,000.
What are key features of this property?
This property features: Three units: 3‑bedroom/1‑bath, 2‑bedroom/1‑bath, and 1‑bedroom/1‑bath; Detached 3‑car garage with a former laundry room; Built in 1954
