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Multifamily

4428 Tujunga Ave

4428 Tujunga Ave, Studio City, CA 91602

Listing Price: $1,870,000

Cap Rate
3.49%
Number of Units
4
GRM
16.97
Occupancy
95.0%
Price/Unit
$467,500
Price/Gross SF
$577.87
Gross SF
3,236

Investment Overview

Marcus & Millichap is pleased to exclusively list a fully remodeled 3+2 House with an additional three units in a highly desirable Studio City location. Just steps from Tujunga Village, the property is located in one of the most desirable areas in the San Fernando Valley. Built in 1938 & 1965, the property is subject to rent control. The property is comprised of a fully remodeled Three Bedroom/Two Bath House and Three One Bedroom/One Bath Units in the rear of the property.

The house, which is currently rented furnished, features completely remodeled kitchen & bathrooms, washer & dryer, enclosed front yard, back patio, bbq, walk-in closets, new paint, new floors, and new appliances. This house could be perfect for an owner to live in and then continue to rent out the three units for additional income.

Along with being a very charming property, it is located in the Colfax Meadows area of Studio City, which is one of Studio City's original neighborhoods and is known for its close proximity to trendy Tujunga Village. Colfax Meadows is also within the distinguished Carpenter School district, making it an attractive choice for families.

Currently, there are single family homes available in the immediate area ranging from $1,400,000- $3,700,000

This offering presents a unique opportunity to own a charming property in a prime location which has both owner/user and future development possibilities.

Investment Highlights

  • Prime Studio City Location
  • Steps to Tujunga Village
  • Fully Remodeled 3+2 House
  • Ideal Owner/User, Investment or Possible Re-Development Opportunity
  • Five Parking Spaces

Exclusively Listed By

Listing Price: $1,870,000

Cap Rate
3.49%
Number of Units
4
GRM
16.97
Occupancy
95.0%
Price/Unit
$467,500
Price/Gross SF
$577.87
Gross SF
3,236

Investment Highlights

  • Prime Studio City Location
  • Steps to Tujunga Village
  • Fully Remodeled 3+2 House
  • Ideal Owner/User, Investment or Possible Re-Development Opportunity
  • Five Parking Spaces

Investment Overview

Marcus & Millichap is pleased to exclusively list a fully remodeled 3+2 House with an additional three units in a highly desirable Studio City location. Just steps from Tujunga Village, the property is located in one of the most desirable areas in the San Fernando Valley. Built in 1938 & 1965, the property is subject to rent control. The property is comprised of a fully remodeled Three Bedroom/Two Bath House and Three One Bedroom/One Bath Units in the rear of the property.

The house, which is currently rented furnished, features completely remodeled kitchen & bathrooms, washer & dryer, enclosed front yard, back patio, bbq, walk-in closets, new paint, new floors, and new appliances. This house could be perfect for an owner to live in and then continue to rent out the three units for additional income.

Along with being a very charming property, it is located in the Colfax Meadows area of Studio City, which is one of Studio City's original neighborhoods and is known for its close proximity to trendy Tujunga Village. Colfax Meadows is also within the distinguished Carpenter School district, making it an attractive choice for families.

Currently, there are single family homes available in the immediate area ranging from $1,400,000- $3,700,000

This offering presents a unique opportunity to own a charming property in a prime location which has both owner/user and future development possibilities.

Exclusively Listed By

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