10608 Turnbow Drive

Highlights:

• Newly completed five-unit multifamily investment property
• Four residential units plus a completed approximately 620-square-foot ADU
• Delivered fully vacant, allowing the new owner to establish current market rents following issuance of the required certificates of occupancy
• Certificates of occupancy currently pending
• Projected stabilized NOI of approximately $143,000
• Approximately 6.2% projected stabilized cap rate at the current asking price
• Approximately 14.2 projected GRM
• Five separate gas, water and electric meters, helping minimize owner-paid utility expenses
• Approximately 2,842 square feet of living area on an approximately 6,938-square-foot lot
• Attractive option for multifamily investors, portfolio-consolidation buyers and 1031 exchange purchasers
• Convenient access to the 210 Freeway, Burbank, Glendale, Pasadena, Downtown Los Angeles and the San Fernando Valley
• Projected rent schedule and operating statement available upon request
• All projected rents, expenses, income and investment calculations should be independently verified. Certificates of occupancy are pending.
• Projected gross rental income of approximately $13,500 per month or $162,000 annually

Description:

Attention Investors and Developers—Five Potential Income Streams in One Property!

10608 Turnbow presents a rare opportunity to acquire a newly completed five-unit income property in Sunland-Tujunga. The property consists of four residential units plus a completed approximately 620-square-foot ADU. Certificates of occupancy are currently pending.

The property encompasses approximately 2,842 square feet of living area on an approximately 6,938-square-foot lot. Each of the five units has separate gas, water and electric meters, helping reduce owner-paid utility expenses and support efficient long-term management.

Based on projected market rents, the property may generate approximately $13,500 in monthly gross rental income, or $162,000 annually. At the current asking price, the projected stabilized NOI of approximately $143,000 represents an estimated 6.2% cap rate and 10.3 GRM. All projected rents, expenses, income and investment calculations should be independently verified.

Conveniently located near the 210 Freeway, shopping, restaurants, grocery stores, parks and everyday services, the property provides convenient access to Burbank, Glendale, Pasadena, Downtown Los Angeles and the greater San Fernando Valley.

An attractive opportunity for investors seeking newer construction, five separately metered units and the efficiency of managing multiple income-producing units at one location. Projected rent schedule, operating statement and additional property information are available upon request.

All unit counts, square footage, permits, certificates of occupancy, approval status, projected rents, expenses and investment calculations should be independently verified.