4908 Tujunga Avenue
North Hollywood, CA 91601
- – beds
- – baths
- – sqft
- 6,466 sqft lot
- – on site
More homes
4908 Tujunga is an adorable triplex situated on a 6,466 square foot LAR3 lot in a prime NoHo Arts District location. This property offers unlimited options for developers, investors and owner occupiers! 1. Build! This property is on a LAR3 lot in a Tier 1 Transit Oriented Community. What does LAR3 with Tier 1 TOC mean? You can obtain a 50% density bonus and by right, you can build one unit per 800 square feet of land! That comes out to 12 units (buyer must do their own due diligence, seller and agent make no guarantees). Our recent new construction sales in this area have gone for $497-$499 per square foot, a great sign that a new construction project in this location would be profitable! 2. Invest/fix and flip! These cottage-like units are truly charming and would be the perfect candidate for a renovation! There is a tremendous amount of upside on this property. The cap rate is currently 3.28%, but with market rents it would jump to 4.90%. 3. Owner occupy! 4908 Tujunga is located in the heart of the outrageously trendy NoHo Arts District. It is moments away from a wide selection of lively bars, restaurants, and entertainment. Additionally, it is minutes from both Valley Village and Studio City, making this the ideal location for a development!
Listed By CRMLS_CA / Elizabeth Maddox / The 2-4 Unit Specialists
Last checked:
Checking…
•
Last updated Apr 18, 2024
•
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
MLS# BB19130433 —
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
View a full reportThis is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
3/3/21
Mar 3, 2021
|
Listed / Active | CRMLS_CA | ||
3/3/21
Mar 3, 2021
|
Listed / Active | CRMLS_CA | ||
1/29/21
Jan 29, 2021
|
Price Changed | CRMLS_CA |