4538 Tujunga Avenue, Studio City, California 91602, Studio City, 91602 - 0 bed, 0 bath
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Studio City, California 91602
Analysis of 4538 Tujunga Avenue, Studio City, California 91602 is currently available with a list price of $1,399,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Studio City Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
The property is a recently renovated duplex featuring modern kitchens with stainless steel appliances, updated flooring, recessed lighting, and central HVAC. The interior and exterior finishes appear to be in mint condition, consistent with a high-quality renovation completed within the last 5 years.
Situated in one of Studio City’s most desirable pockets, the property offers exceptional walkability to high-end amenities like Aroma Coffee, Jon & Vinny’s, and the vibrant Ventura Boulevard scene.
The property features previously approved plans for a garage-to-ADU conversion and ample yard space for a second ADU, providing a clear path to increase density and rental income.
Both units have been beautifully renovated with modern finishes and essential upgrades, including central air conditioning, heating, and in-unit laundry, minimizing immediate capital expenditures.
The front unit is currently tenant-occupied at $3,060 per month, which is nearly 17% below the projected market rent of $3,700, limiting immediate cash flow upside.
Originally built in 1939, the property may possess aging infrastructure or systems typical of older homes that require more frequent maintenance compared to newer constructions.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,780 | 2,480 | 33% |
| Lot Size | 6,240 | 7,307 | 33% |
| Price | $1.40M | $1.40M | 50% |
| Price per sq ft | $786 | $504 | 67% |
| Built year | 1939 | 1948 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 25 | 48 | 33% |
May 12, 2026
$1,399,000
Initial Listing
Apr 15, 2022
$1,000,000
Public Record