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4300 Tujunga Ave 10 Unit Apartment Building $2,975,000 ($297,500/Unit) 5% Cap Rate Studio City, CA 91604
Executive Summary
Prime Studio City 10 unit Asset Steps to Tujunga Village. Located just three buildings south from the heart of Tujunga Village, this 10 unit property sits in the one of Studio City's most vibrant and coveted micro - neighborhoods. Residents can walk to popular cafe's, chef driven restaurants, fitness studios and boutique shopping, all while enjoying the tree lined residential street that make this area so desired. The property's generous one and two - bedroom floor plans cater to today renters who prioritize space, flexibility and lifestyle. Whether roommates, work from home professionals, or young families , this unit mix supports strong long term tenancy and rental upside.
-The units are very large with a building size of nearly 9,000 sq ft. This is best priced per foot asset in recent history of Studio City.
- Day one cap rate of 5 % - rental upside of nearly 25% -along with a sub $300k price per unit- make all the metrics here very attractive .
- This property is priced to sell. Ownership has been caring for this property since the 1980's.
- Rarely do properties in this area come to market. Very constrained market.
- Well kept and manicured property with updated units, new windows throughout, updated plumbing, ample parking in the rear for all 8 units.
- ADU potential as the property has ample parking and a large 8700 sq ft lot.
- Secured entry and beautiful courtyard.
- On site laundry room.
Studio City is one of the San Fernandos Valley's most desirable rental submarkets. Strong demand driven by proximity to major studios and entertainment employers. Easy access to Ventura Blvd , Hollywood and the Westside. Upscale neighborhood with consistent long - term tenant appeal.
-The units are very large with a building size of nearly 9,000 sq ft. This is best priced per foot asset in recent history of Studio City.
- Day one cap rate of 5 % - rental upside of nearly 25% -along with a sub $300k price per unit- make all the metrics here very attractive .
- This property is priced to sell. Ownership has been caring for this property since the 1980's.
- Rarely do properties in this area come to market. Very constrained market.
- Well kept and manicured property with updated units, new windows throughout, updated plumbing, ample parking in the rear for all 8 units.
- ADU potential as the property has ample parking and a large 8700 sq ft lot.
- Secured entry and beautiful courtyard.
- On site laundry room.
Studio City is one of the San Fernandos Valley's most desirable rental submarkets. Strong demand driven by proximity to major studios and entertainment employers. Easy access to Ventura Blvd , Hollywood and the Westside. Upscale neighborhood with consistent long - term tenant appeal.
Property Facts
| Price | $2,975,000 | Apartment Style | Low-Rise |
| Price Per Unit | $297,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 5% | Building Size | 15,294 SF |
| Gross Rent Multiplier | 12.9 | No. Stories | 2 |
| No. Units | 10 | Year Built | 1963 |
| Property Type | Multifamily | Parking Ratio | 0.65/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LAR3 | ||
| Price | $2,975,000 |
| Price Per Unit | $297,500 |
| Sale Type | Investment |
| Cap Rate | 5% |
| Gross Rent Multiplier | 12.9 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 15,294 SF |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 0.65/1,000 SF |
| Zoning | LAR3 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 10 | - | 600 |
1 1
Walk Score®
Very Walkable (89)
Property Taxes
| Parcel Number | 2366-012-021 | Improvements Assessment | $1,133,707 |
| Land Assessment | $755,798 | Total Assessment | $1,889,505 |
Property Taxes
Parcel Number
2366-012-021
Land Assessment
$755,798
Improvements Assessment
$1,133,707
Total Assessment
$1,889,505
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4300 Tujunga Ave
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