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Back 4532 Tujunga Avenue
Off Market

4532 Tujunga Avenue

Los Angeles CA 91602

6283 sq. ft.
Land
Last sold for $940,000
Daniel ShamooelianDaniel Shamooelian, last sold this property on 26 March 2026 after 70 days on market.

Overview

We are pleased to present a prime RD 1.5 development opportunity in the heart of Studio City! Situated on a 6,281 SF lot, this single-family residence offers an excellent opportunity to develop a fourplex or townhome project in one of Los Angeles' most sought-after rental submarkets. The property benefits from having SB 8 clearance already in hand, providing peace of mind with no tenant relocation required and no rent control, allowing for a streamlined development process and strong long-term upside. Ideally located just moments from Ventura Boulevard, tenants will enjoy immediate access to Studio City's best shopping, dining, and cafes - including Aroma Coffee just down the street - as well as convenient freeway and transit connectivity. The site is also in close proximity to the NoHo Arts District, Toluca Lake, Sherman Oaks, and Hollywood, further enhancing tenant appeal. Strong lease comps on the block of approximately $3.50 per square foot underscore the area's robust rental demand. The property will be delivered vacant at close, making this a clean and compelling acquisition for developers and investors. Potential to acquire the next door duplex as well to assemble a rare double lot, excellent for a larger apartment or 100% affordable ED 1 project. Do not miss this rare opportunity to build in one of Los Angeles' hottest rental markets. Contact listing agent for additional details!

Features

6283 sq. ft. lot size
Land

Estimated Value

We need at least 3 similar land plots sold in Los Angeles over the last 12 months.

Property history for 4532 Tujunga Avenue

2026
Sold
$940,000
26 Mar 2026 by Daniel Shamooelian, of Keller Williams Beverly Hills

Happy sellers in Los Angeles

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Local market activity for land plots in Los Angeles

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