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4441-45 Tujunga 4441-45 Tujunga ave 6 Unit Apartment Building $2,445,000 ($407,500/Unit) 5.15% Cap Rate North Hollywood, CA 91602
Executive Summary
Located in a prime North Hollywood setting just steps from Tujunga Village and Ventura Boulevard, the property offers convenient access to a wide range of dining, retail, and major employment centers. The asset features an attractive unit mix of six 2-bedroom, 1-bath units averaging approximately 900 square feet, well-suited for both families and professionals. On-site amenities include three full-size garage bays, providing valuable parking and storage—highly sought after in this submarket. The property presents strong value-add potential through interior renovations and repositioning to market rents. Supported by solid submarket fundamentals, including high occupancy levels, limited supply, and consistent demand driven by the Studio City lifestyle, the offering also benefits from long-term redevelopment potential on a large lot in a highly desirable neighborhood.
Property Facts
| Price | $2,445,000 | Apartment Style | Low-Rise |
| Price Per Unit | $407,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.25 AC |
| Cap Rate | 5.15% | Building Size | 5,284 SF |
| Gross Rent Multiplier | 13.05 | 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 | $2,445,000 |
| Price Per Unit | $407,500 |
| Sale Type | Investment |
| Cap Rate | 5.15% |
| Gross Rent Multiplier | 13.05 |
| 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 | - | 900 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $367,746 | |
| Land Assessment | $1,838,786 | Total Assessment | $2,206,532 |
Property Taxes
Parcel Numbers
Land Assessment
$1,838,786
Improvements Assessment
$367,746
Total Assessment
$2,206,532
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4441-45 Tujunga 4441-45 Tujunga ave
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