4535 Tujunga Avenue,  Studio City CA, 91602 (Residential Income)

2,092 sqft
Status: Sold
MLS#: SR15088780
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Last Updated: 12/6/2016 12:11 AM
Description for 4535 Tujunga Avenue Studio City, CA 91602
This triplex consists of (1) 2 BD + 1 BA and (2) 1 BD + 1 BA units. There is about 21% upside in the rents. The property features a rear yard, security door, 2nd entry door in rear of units, newer vinyl windows, fenced yards and a three car garage. Prime Studio City location is short walking distance to Tujunga Village home to trendy restaurants, artsy stores and coffee shops including Aroma Café, Vitello's (weekly live music). It is also a short walk to Woodbridge Park and has easy access to the 170, 101 and 134 Freeways. For Developers: The adjacent property 4531 Tujunga Ave. (APN 2365-013-024) is also for sale. Rare assemblage of two lots totaling 12,936 SF. Per the Small Lot Subdivision Ordinance it appears that 4 detached townhouses can be built on each lot for a total of 8 townhouses or small SFR's. Subject to a 45' height limitation each unit would consist of approximately 1,875 SF with two to three levels including ground level private garages. Buyer to verify all development potential. Units rented under the Los Angeles Rent Stabilization Ordinance. All offers to be written for separate parcels. Seller of 4531 Tujunga has a California Broker's license.
Price
Sold Price:
$830,000
Sold Date:07/31/2015
Los Angeles
2,092 (approx)
SR15088780
Closed
Description
This triplex consists of (1) 2 BD + 1 BA and (2) 1 BD + 1 BA units. There is about 21% upside in the rents. The property features a rear yard, security door, 2nd entry door in rear of units, newer vinyl windows, fenced yards and a three car garage. Prime Studio City location is short walking distance to Tujunga Village home to trendy restaurants, artsy stores and coffee shops including Aroma Café, Vitello's (weekly live music). It is also a short walk to Woodbridge Park and has easy access to the 170, 101 and 134 Freeways. For Developers: The adjacent property 4531 Tujunga Ave. (APN 2365-013-024) is also for sale. Rare assemblage of two lots totaling 12,936 SF. Per the Small Lot Subdivision Ordinance it appears that 4 detached townhouses can be built on each lot for a total of 8 townhouses or small SFR's. Subject to a 45' height limitation each unit would consist of approximately 1,875 SF with two to three levels including ground level private garages. Buyer to verify all development potential. Units rented under the Los Angeles Rent Stabilization Ordinance. All offers to be written for separate parcels. Seller of 4531 Tujunga has a California Broker's license.
Listing Information
Property Type: Cluster, 1 Story
0.15 Acres 6,543 sq.ft. 2,092 (approx)
1947 Yes- 3 spaces
1
Public Water Service
Sewer at Street
3 Total
Neighborhood
Room Information
Exterior / Lot Features
3 Garage Spaces, 3 Parking Spaces, Assigned Parking Space
None
No Pool
Sidewalks, Curbs Walk
Driving Directions
One Block North of Moorpark St.
Financial Considerations
2365013013
$7,299
$40,320 Income ,$14,765Expense
Listing Price History

Studio City Real Estate

Studio City is located in California. Studio City, California 91602 has a population of 28,323.

The median household income in Studio City, California 91602 is $87,020. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Studio City 91602 is 39.5 years.

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Courtesy: Coldwell Banker Greg Trotter
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Information is deemed reliable but is not guaranteed.

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