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6801-6809 Valmont St 8 Unit Apartment Building $2,998,000 ($374,750/Unit) 4.31% Cap Rate Tujunga, CA 91042
Investment Highlights
- Eight-unit, single-story bungalow court property situated on a 0.56-acre corner lot in the foothills of the San Gabriel Mountains.
- Immediate value-add opportunity with one vacant unit and significant mark-to-market rent growth potential.
- LARD2 zoning allows for added density, accessory dwelling unit (ADU) development, or future redevelopment upside.
- Well-balanced unit mix featuring four 2-bedroom/1-bath units and four 1-bedroom/1-bath units with efficient layouts.
- All tenants are separately metered and pay for their own utilities, resulting in a low operational expense profile for ownership.
- Located moments from Foothill Boulevard retail and dining and near the 210 Freeway, providing convenient access to Pasadena, Glendale, and Burbank.
Executive Summary
Set in the San Gabriel Mountain foothills of Tujunga, 6801 Valmont St is an 8-unit, single-story apartment community on a 24,237 SF (0.56-acre) corner lot at Valmont St and Haines Canyon Ave. Four detached bungalow-style buildings hold four 2-bedroom and four 1-bedroom homes, with tenants paying their own utilities. One unit is vacant and in-place rents sit below market — and LARD2 zoning supports added density. Major ADU / development opportunities for this lot as well.
Property Facts
| Price | $2,998,000 | Apartment Style | Low-Rise |
| Price Per Unit | $374,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.56 AC |
| Cap Rate | 4.31% | Building Size | 4,848 SF |
| Gross Rent Multiplier | 15.3 | Average Occupancy | 97% |
| No. Units | 8 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1954 |
| Property Subtype | Apartment | Parking Ratio | 1.03/1,000 SF |
| Zoning | R3-1, Los Angeles | ||
| Price | $2,998,000 |
| Price Per Unit | $374,750 |
| Sale Type | Investment |
| Cap Rate | 4.31% |
| Gross Rent Multiplier | 15.3 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.56 AC |
| Building Size | 4,848 SF |
| Average Occupancy | 97% |
| No. Stories | 1 |
| Year Built | 1954 |
| Parking Ratio | 1.03/1,000 SF |
| Zoning | R3-1, Los Angeles |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1 | 4 | - | - |
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 2565-019-028 | Improvements Assessment | $143,137 |
| Land Assessment | $376,701 | Total Assessment | $519,838 |
Property Taxes
Parcel Number
2565-019-028
Land Assessment
$376,701
Improvements Assessment
$143,137
Total Assessment
$519,838
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6801-6809 Valmont St
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