4538 Tujunga AvenueStudio City, CA 91602

Description

THOUGHTFULLY RENOVATED DUPLEX FOR HOME LIVING, RENTAL INCOME, AND MULTI-ADU OPPORTUNITY. Nestled in Studio City's historic Tujunga Village, this beautifully renovated duplex offers a rare chance to invest in one of the neighborhood's charming pockets. Enjoy your home (front or back unit) while subsidizing monthly mortgage payments with rental income from the other, or, rent both units out. PROPERTY INCLUDES 2 UNITS. Each unit features 2-bedroom, 1-bathroom designs that have been thoughtfully updated and equipped for comfortable everyday living. FRONT UNIT (4538 Tujunga Ave): 940 sq ft features a living room, in-unit washer/dryer, two-car side-by-side driveway parking, gas range/oven, refrigerator, dishwasher, and microwave range. It is currently tenant-occupied at monthly income payments of $3,060 with the potential for $3,700 a month in rent. BACK UNIT (4536 Tujunga Ave): 840 sq ft feels like a private retreat and features an expansive private rear yard, detached garage/storage, in-unit washer/dryer, dishwasher, refrigerator, gas oven/range, BBQ grill, and microwave range. MULTIPLE ADU OPPORTUNITY: Garage conversion plans for a 347 SF ADU were previously approved (May 2023) and can be resubmitted for streamlined city review. Potential for a second ADU in generous rear yard, subject to City approval. This duplex property offers immediate access to some of the area’s best shopping, dining, and cafés, including Aroma Coffee and Jon & Vinny’s. Erewhon, Trader Joe’s, and the vibrant Ventura Boulevard dining scene are all just minutes away. The property also enjoys close proximity to the NoHo Arts District, Toluca Lake, Sherman Oaks, Burbank, and Hollywood. With convenient freeway access and strong transit connectivity, Film and Television Studios, the Westside, and other major employment hubs are all within an easy commute. Zip code 91602.

Property Information

Property type

Residential Income

Sub-type

Duplex

Year built

1939

Stories

1

Building area

1,780 Sq Ft

Lot size

0.14 acres

Garage spaces

2

Parking spaces

6

Days on market

183

MLS^® Listing#

OC26095933

Property Features

Appliances

Dishwasher · Freezer · Disposal · Gas Oven · Gas Range · Microwave · Refrigerator · Range Hood · Water Heater · Dryer · Washer

Cooling

Central Air

Heating

Central

Flooring

Vinyl

Fireplace

None

Pool

None

Parking

Assigned · Driveway · Garage

Fencing

Wood

Windows

Double Pane Windows

Security

Security System · Carbon Monoxide Detector(s)

Community

Suburban

Utilities

Electricity Connected · Natural Gas Connected · Sewer Connected · Water Connected

Sewer

Public Sewer

Water source

Public

Financial Details

HOA

None

Parcel number

2366001012

Directions

From the 101 exit Vineland Ave and head north. Turn left on Moorpark St and head west. Turn right on Tujunga Ave and head north. Destination will be on the right.