4535 Tujunga Ave, Studio City, CA 91602

Property 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.