In the heart of Studio City 2 single family homes with a combined lot size of approximately 12,000 sq. ft., zoned LA-RD1.5. Construction plans are ready and approved by the Dept. of Building and Safety and permits are ready to be issued for an 11 townhouses project. Each townhouse is approximately 1,700 Sq. Ft. with its own private attached garage. Located at the corner of Tujunga & Landale St. Super convenient - in great proximity to popular Tujunga Village?s trendy boutiques, funky stores, an array of restaurants and cultural entertainment outlets. Location, Location, Location is what makes this project exciting and special. Drive by only! Please, do not disturb.
Rare assemblage of two lots totaling 12,936 SF. Per the Small Lot Subdivision Ordinance it appears that 4 detached townhouses can be built on each lot for a total of 8 townhouses or small SFR's. Subject to a 45' height limitation each unit would consist of approximately 1,875 SF with two to three levels including ground level private garages. Buyer to verify all development potential.Lots include 4531 Tujunga Avenue lot size 6,393 SF and 4535 Tujunga Ave. lot size 6,543. Existing structures include one triplex on each lot. Each triplex consists of (1) 2 Bd + 1 Ba and (2) 1 Bd + 1 Ba units. The current total scheduled gross income is $77,952. With market rent potential of $97,200 there is about 25% upside rent potential for existing property. Units rented under the Los Angeles Rent Stabilization Ordinance. All offers to be written for separate parcels. Prime Studio City location is short walking distance to Tujunga Village home to trendy restaurants, artsy stores and coffee shops including Aroma Caf~, Vitello's (weekly live music). It is also a short walk to Woodbridge Park and has easy access to the 170, 101 and 134 Freeways.