10139 Hillhaven Ave, Tujunga CA 91042

Investment Opportunity
This is a rare opportunity to acquire a 66% vacant multifamily property with significant upside potential in the Los Angeles market. It is a FIXER with Great Potential! Current Price reflects its current state. This would be an awesome project for a developer or someone who is looking for long term equity.
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