24
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$1,000,000
Est. payment /mo
6,281 Sqft Lot
New
4532 Tujunga AVE North Hollywood, CA 91602
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Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26636151
HOA Y/N No
Lot Size 6,281 Sqft
Property Description
We are pleased to present a prime RD 1.5 development opportunity in the heart of Studio City! Situated on a 6,281 SF lot, this single-family residence offers an excellent opportunity to develop a fourplex or townhome project in one of Los Angeles' most sought-after rental submarkets. The property benefits from having SB 8 clearance already in hand, providing peace of mind with no tenant relocation required and no rent control, allowing for a streamlined development process and strong long-term upside. Ideally located just moments from Ventura Boulevard, tenants will enjoy immediate access to Studio City's best shopping, dining, and cafes - including Aroma Coffee just down the street - as well as convenient freeway and transit connectivity. The site is also in close proximity to the NoHo Arts District, Toluca Lake, Sherman Oaks, and Hollywood, further enhancing tenant appeal. Strong lease comps on the block of approximately $3.50 per square foot underscore the area's robust rental demand. The property will be delivered vacant at close, making this a clean and compelling acquisition for developers and investors. Potential to acquire the next door duplex as well to assemble a rare double lot, excellent for a larger apartment or 100% affordable ED 1 project. Do not miss this rare opportunity to build in one of Los Angeles' hottest rental markets. Contact listing agent for additional details!
Location
State CA
County Los Angeles
Area Stud - Studio City
Zoning LARD1.5
Interior
Fireplace No
Exterior
View Y/N No
View None
Building
New Construction No
Others
Senior Community No
Tax ID 2366001013
Special Listing Condition Standard
Listed by Daniel Shamooelian Keller Williams Beverly Hills
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