4441-45 Tujunga 4441-45 Tujunga ave - Apartments FOR SALE


North Hollywood, CA 91602
$2,695,000 USD
4441-45 Tujunga 4441-45 Tujunga ave, North Hollywood, CA for Sale
$2,695,000 USD
Apartments - FOR SALE
1/34
null | 5.06% Cap Rate

4441-45 Tujunga 4441-45 Tujunga ave
North Hollywood, CA 91602


HIGHLIGHTS

  • Prime Studio City Location – Steps from Tujunga Village and Ventura Boulevard with easy access to dining, retail, and major job centers.
  • Attractive Unit Mix – Six 2-Bed / 1-Bath units averaging ±900 SF, ideal for both families and professionals.
  • Value-Add Potential – Strong rental upside through interior upgrades and repositioning to market rents.
  • Solid Submarket Fundamentals – High occupancy, limited supply, and strong demand driven by Studio City’s lifestyle and employment base.
  • Long-Term Redevelopment – Large lot in a highly desirable neighborhood with future development potential

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,695,000 USD

PRICE/SF

$510 USD /SF

# OF UNITS

6

PRICE/UNIT

$449,167

CAP RATE

5.06%

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1946

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

LARD1.5

APN/PARCEL ID

2365-014-014,2365-014-015

ASK ABOUT THIS PROPERTY

Tony AzziMarcus & MillichapMore Info

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Tony AzziMarcus & MillichapMore Info

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