4532 Tujunga Avenue, North Hollywood, CA 91602

Property Description

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!

Listing Status:

Active

Date Added:

January 13, 2026

Data Last Updated:

February 8, 2026 at 7:16AM

Listing Office:

Keller Williams Beverly Hills : 310-432-6400

Listing Agent:

Daniel Shamooelian : 310-651-1800

MLS ID:

26636151

Exterior

• Parking: Parking spaces: 0

Location

• Originating MLS: CRMLS_CL
• County: Los Angeles

Lot

• Zoning: LARD1.52366001013
• View: None

Financial

• Source: CRMLS_CL