4300 Tujunga Ave - Apartments FOR SALE


Studio City, CA 91604
$2,975,000 USD
310-466-0888
4300 Tujunga Ave, Studio City, CA for Sale
$2,975,000 USD
Apartments - FOR SALE
1/29
null | 5% Cap Rate

4300 Tujunga Ave
Studio City, CA 91604


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,975,000 USD

PRICE/SF

$195 USD /SF

# OF UNITS

10

PRICE/UNIT

$297,500

CAP RATE

5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,743 SF

ZONING

LAR3

APN/PARCEL ID

2366-012-021

ASK ABOUT THIS PROPERTY

Alex GaluzKW CommercialMore Info
310-466-0888

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Alex GaluzKW CommercialMore Info
310-466-0888

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.