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7323 Valmont St 8 Unit Apartment Building $2,695,000 ($336,875/Unit) 4.26% Cap Rate Tujunga, CA 91042



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Investment Highlights
- Eight-unit multifamily offering located in the foothills of Tujunga, minutes from Foothill Boulevard retail and major 210 Freeway access.
- Approximately half of the units are fully renovated, featuring modern kitchens, upgraded bathrooms, new flooring, and convenient in-unit laundry.
- Current rents remain below market, allowing for attractive mark-to-market projections as turnover occurs over time.
- Two contiguous LARD2 parcels totaling 11,814 square feet, with potential for additional units or ADU development subject to planning approvals.
- Remaining units provide value-add upside through renovations and achieving market rental rates, driving long-term income growth.
- Situated in a supply-constrained submarket within the San Gabriel Mountain corridor, offering consistent rental demand and proximity to Pasadena.
Executive Summary
Set in the San Gabriel Mountain foothills of Tujunga, 7323 Valmont Street is an eight-unit value-add apartment property held across two contiguous LARD2 parcels. About half of the eight units have been remodeled with new kitchens, baths, flooring, and in-unit laundry. The rest offer clear mark-to-market upside upon renovation. With an adjacent vacant parcel for future development, this is a true value-add play in a supply-constrained foothill submarket.
Located in Tujunga, a residential enclave nestled against the Angeles National Forest, the property benefits from a desirable foothill setting and convenient access to the region. 7323 Valmont Street offers proximity to Foothill Boulevard, which is home to a diverse mix of retailers, restaurants, and neighborhood services. Just minutes from the 210 Freeway, the location offers convenient access to major population and employment centers across the San Gabriel Valley and greater Los Angeles area. More than 53,500 households reside within a 5-mile radius, with an average household size of 2.7, supporting a stable residential base.
Together, these fundamentals position 7323 Valmont Street as a compelling foothill investment with renovation upside, development potential, and long-term rental demand.
Located in Tujunga, a residential enclave nestled against the Angeles National Forest, the property benefits from a desirable foothill setting and convenient access to the region. 7323 Valmont Street offers proximity to Foothill Boulevard, which is home to a diverse mix of retailers, restaurants, and neighborhood services. Just minutes from the 210 Freeway, the location offers convenient access to major population and employment centers across the San Gabriel Valley and greater Los Angeles area. More than 53,500 households reside within a 5-mile radius, with an average household size of 2.7, supporting a stable residential base.
Together, these fundamentals position 7323 Valmont Street as a compelling foothill investment with renovation upside, development potential, and long-term rental demand.
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Property Facts
| Price | $2,695,000 | Apartment Style | Low-Rise |
| Price Per Unit | $336,875 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.27 AC |
| Cap Rate | 4.26% | Building Size | 6,114 SF |
| Gross Rent Multiplier | 15.6 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1940 |
| Property Type | Multifamily | Parking Ratio | 2.25/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LARD2 | ||
| Price | $2,695,000 |
| Price Per Unit | $336,875 |
| Sale Type | Investment |
| Cap Rate | 4.26% |
| Gross Rent Multiplier | 15.6 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 6,114 SF |
| No. Stories | 2 |
| Year Built | 1940 |
| Parking Ratio | 2.25/1,000 SF |
| Zoning | LARD2 |
Amenities
Unit Amenities
- Air Conditioning
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | - |
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $956,938 | |
| Land Assessment | $1,093,640 | Total Assessment | $2,050,578 |
Property Taxes
Parcel Numbers
Land Assessment
$1,093,640
Improvements Assessment
$956,938
Total Assessment
$2,050,578
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