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4441-45 Tujunga 4441-45 Tujunga ave 6 Unit Apartment Building $2,695,000 ($449,167/Unit) 5.06% Cap Rate North Hollywood, CA 91602
INVESTMENT HIGHLIGHTS
- Prime Studio City Location – Steps from Tujunga Village and Ventura Boulevard with easy access to dining, retail, and major job centers.
- Value-Add Potential – Strong rental upside through interior upgrades and repositioning to market rents.
- Long-Term Redevelopment – Large lot in a highly desirable neighborhood with future development potential
- Attractive Unit Mix – Six 2-Bed / 1-Bath units averaging ±900 SF, ideal for both families and professionals.
- Solid Submarket Fundamentals – High occupancy, limited supply, and strong demand driven by Studio City’s lifestyle and employment base.
EXECUTIVE SUMMARY
4441–45 Tujunga Ave presents a rare opportunity to acquire a six-unit multifamily property in one of the most desirable pockets of North Hollywood, steps from Tujunga Village and Ventura Boulevard. Built in 1946, this well-maintained, two-building asset spans 5,284 SF on a large 10,871 SF lot and features six spacious two-bedroom, one-bath units averaging 900 SF each.
Three units are currently vacant, offering immediate rental upside and strong value-add potential through renovations and repositioning to market rents. Tenants enjoy on-site parking and proximity to major employment centers, studios, and retail corridors. Surrounded by Studio City, Sherman Oaks, and the NoHo Arts District, the property benefits from exceptional walkability and access to the 101, 134, and 170 freeways. A prime blend of stability, location, and upside in a thriving rental market.
Three units are currently vacant, offering immediate rental upside and strong value-add potential through renovations and repositioning to market rents. Tenants enjoy on-site parking and proximity to major employment centers, studios, and retail corridors. Surrounded by Studio City, Sherman Oaks, and the NoHo Arts District, the property benefits from exceptional walkability and access to the 101, 134, and 170 freeways. A prime blend of stability, location, and upside in a thriving rental market.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,695,000 | Apartment Style | Low-Rise |
| Price Per Unit | $449,167 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.25 AC |
| Cap Rate | 5.06% | Building Size | 5,284 SF |
| Gross Rent Multiplier | 13.93 | Average Occupancy | 50% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1946 |
| Property Subtype | Apartment | Parking Ratio | 1.14/1,000 SF |
| Zoning | LARD1.5 - high density residential | ||
| Price | $2,695,000 |
| Price Per Unit | $449,167 |
| Sale Type | Investment |
| Cap Rate | 5.06% |
| Gross Rent Multiplier | 13.93 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 5,284 SF |
| Average Occupancy | 50% |
| No. Stories | 2 |
| Year Built | 1946 |
| Parking Ratio | 1.14/1,000 SF |
| Zoning | LARD1.5 - high density residential |
AMENITIES
UNIT AMENITIES
- Kitchen
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | $2,850 | 900 |
1 1
Walk Score®
Very Walkable (89)
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4441-45 Tujunga 4441-45 Tujunga ave
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