$999,000
About this home
Now Offered Under $1M | Turnkey SFR + ADU | 6% Cap | 12.7 GRM | Two Homes on One Lot in North Hollywood. Exceptional opportunity to acquire a well-maintained, income-producing property featuring a fully remodeled front home and a newly built detached ADU, both currently tenant-occupied. The front home (7317 Tujunga Ave) offers 3 bedrooms and 2 bathrooms and is currently rented at $4,000 per month. The detached ADU (7315 Tujunga Ave) features 2 bedrooms and 1 bathroom and is leased at $2,482 per month. Total gross income is $6,482 per month ($77,784 annually). Both units have separate gas and electrical meters, providing ease of management and operational flexibility. The property is stabilized with in-place income, making it ideal for investors seeking a low-maintenance asset with immediate cash flow. At the current asking price, the property reflects approximately a 5.9% cap rate and 12.7 GRM. Buyer to verify all financial information. Conveniently located just minutes from the NoHo Arts District, NoHo West shopping center, Trader Joe's, Regal Cinemas, LA Fitness, Costco, Burbank Airport, major freeways, and public transportation, supporting strong rental demand throughout the San Fernando Valley.
Facts & features
- Bedrooms
- 5
- Bathrooms
- 3 full, 0 half
- Living area
- 1,915 sq ft
- Fireplace
- Living Room
- Heating
- Central
- Cooling
- Central Air
- Laundry
- Laundry Room
- Levels
- One
- Spa
- None
- Lot size
- 0.149 acres (6,506 sq ft)
- Pool
- None
- Architectural style
- See Remarks
- Year built
- 1947
- Parking
- Driveway
- Area
- NHO - North Hollywood
- County
- Los Angeles
- Status
- Active
- Property type
- Single Family Residence
- Days on market
- 69
- Listed
- 2026-03-11
- Original price
- $1,100,000
- Parcel #
- 2316020003
- MLS #
- 26662157
