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 i
Listed by Greg Trotter, Coldwell BankerCRIS #SR15088798APN: #2365013024
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