4635 Tujunga Ave, North Hollywood, CA 91602
Property image
Property image
FOR SALE
0.32 ACRES

$2,950,000

    4635 Tujunga Ave, North Hollywood, CA 91602

    Valley Village
    Est. Mortgage $17,846/mo*
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    Home Highlights

    Listed
    55 days ago

    Local Information

    • Map ViewExplore the area around 4635 Tujunga Ave.
    • Schools1 Elementary School1 Middle School1 High School
    • Shop & Eat
    -- mins to
    Commute Destination

    About this House

    We are pleased to present 4635-4639 Tujunga Avenue, a fully entitled affordable housing development opportunity located in the highly desirable Studio City / Valley Village corridor of North Hollywood. Situated on a 13,805 square foot site, the property is approved for a 58-unit income-restricted apartment community and qualifies for Tier 3 Section 8 rents. Positioned within a High Resource Area under the TCAC/HCD Opportunity Map and designated as a High Opportunity Area by HUD, the project offers developers meaningful advantages for tax credit scoring while enhancing long-term investment fundamentals. Delivered vacant and fully Ready-to-Issue (RTI), the project allows a developer to commence construction immediately without entitlement risk. All discretionary approvals have been completed, eliminating years of processing time, carrying costs, and approval uncertainty, allowing investors to focus on execution rather than entitlement. The approved plans feature a highly efficient six-story Type III-A building totaling approximately 37,930 square feet of residential area. By utilizing special code provisions that eliminate the need for a costly concrete podium, the design significantly improves construction efficiency and project economics. The thoughtfully designed unit mix consists of 55 one-bedroom units, 2 two-bedroom units, and 1 three-bedroom unit, maximizing efficiency while addressing the strong demand for affordable housing throughout the San Fernando Valley. Ideally positioned at the intersection of Studio City, Valley Village, and Toluca Lake, the property offers immediate access to some of Southern California's largest employment centers, including NBCUniversal, Warner Bros. Studios, Walt Disney Studios, and the broader Burbank Media District. The surrounding neighborhoods are characterized by predominantly higher-income single-family housing with limited affordable inventory, creating sustained demand from employees seeking quality workforce housing in a high-opportunity location. Recent updates to TCAC rent schedules, effective July 1, 2026, further strengthen the investment profile. Schedule IX now permits rents of up to $2,499 for one-bedroom units, while approximately 20% of the project's units designated under Schedule VI are eligible for rents of up to $2,247. These enhanced payment standards narrow the gap between restricted and market rents, improving project underwriting and supporting stronger long-term valuations. Additionally, developers pursuing maximum yield may realize further upside through Section 8 voucher participation. Combined with HACLA's continued support for voucher mobility into high-opportunity neighborhoods, the project offers a compelling opportunity to maximize stabilized income while delivering much-needed affordable housing in one of the Valley's strongest rental markets.
    Last check for updates: about 6 hours ago
    Listing courtesy of Benjamin Lee DRE # 02123715, (347) 579-3071
    Lyon Stahl Investment Real Estate, Inc., (310) 425-9838
    Source: CLAW, MLS#26856035
    Also Listed on bridgeMLS/CCAR/Bay East AOR, CRMLS.

    Home Details for 4635 Tujunga Ave

    Interior Features

    Gas & Electric
    Gas: None
    View
    No ViewView: None

    Exterior Features

    Frontage
    Waterfront: NoneNot on Waterfront
    Water & Sewer
    Sewer: None

    Days on Market

    Days on Market: 55

    Property Information

    Property Type / Style
    Property Type: LandProperty Subtype: Unimproved Land
    Property Information
    Parcel Number: 2354008031

    Price & Status

    Price
    List Price: $2,950,000

    Active Status

    MLS Status: Active

    Location

    Direction & Address
    City: North Hollywood

    Agent Information

    Listing Agent
    Listing ID: 26856035

    Lot Information

    Lot Area: 0.32 acres

    Listing Info

    Special Conditions: Standard

    Miscellaneous

    Mls Number: 26856035

    Around this home

    Neighborhood Overview

    Valley Village
    See Local Highlights
    Neighborhood stats provided by third party data sources.

    What Locals Say about Valley Village

    At least 239 Trulia users voted on each feature.

    • 91 % Say it's dog friendly

    • 81 % Say car is needed

    • 75 % Say there are sidewalks

    • 74 % Say it's walkable to grocery stores

    • 70 % Say it's walkable to restaurants

    • 63 % Say people would walk alone at night

    • 63 % Say parking is easy

    • 60 % Say there's holiday spirit

    • 58 % Say neighbors are friendly

    • 56 % Say yards are well-kept

    • 51 % Say they plan to stay for at least 5 years

    • 49 % Say it's quiet

    • 47 % Say streets are well-lit

    • 41 % Say kids play outside

    • 35 % Say there's wildlife

    • 21 % Say there are community events

    Sourced by Trulia users. Learn more about our methodology.
    • Kurt Alan Kassulke
      "I only go 7.5 miles and 20 minutes is usually fine. Sometimes I have to get off the freeway to take surface streets."
      0
      Flag
    • Christa Haxthausen
      "Not bad depending on the day and destination. I’m right off three major freeways and a mile from the Metro."
      1
      Flag
    • John
      "A few good parks for dogs at the periphery of the neighborhood, many dog lovers. However sidewalks disappear at critical moments making walking with a dog treacherous and there's some big dog phobia here (same as many parts of LA) "
      2
      Flag
    • Blondecowboyinla
      "We have friendly neighbors who know each other, interact, talk and invite neighbors over for events and get togethers."
      1
      Flag
    • BB
      "Lots of dogs flat wide streets to walk. Very dog friendly area. Neighbors helped when my dog inadvertently got out. "
      2
      Flag
    • Trulia User
      "Great public and private schools, nice parks and plenty of access to places to nurture a family! My family is here to stay, very happy "
      1
      Flag
    • Trulia User
      "Everyone walks their dogs and says hello we have seen coyotes but rarely. Everyone gets along well. Very neighborly. "
      0
      Flag
    • Trulia User
      "That they actually have to respect their neighbors and their neighborhood and clean up after themselves or move elsewhere. It takes everyone caring to make this a better place - not just a place to take advantage of. Respect!"
      4
      Flag
    • Trulia User
      "The city doesn’t take great care of this area. The Valley Village Residents Association is a good voice to local and state government. Lots of empty and/or sketchy store fronts. I don’t believe that LA City is small business friendly. Homeless is a big problem that largely feels unaddressed. "
      1
      Flag
    • Trulia User
      "My commute? Well that all depends where I go in the city. It’s a very big city and your job is likely to change frequently if you’re in entertainment. "
      0
      Flag
    • Rodriguez.n13
      "Quiet and friendly area, little to no crime, the Noho metro station is in the heart of Noho and nice parks all around for friends, family, etc."
      3
      Flag
    • Felisha6587
      "My neighborhood has great access to public transit and the highways are only a few minutes away. I love it here!"
      2
      Flag
    • Arturzara1980
      "This neighborhood is very safe. People go outside walking at night. Kids love to run around outside with their parents. Valley Village is a amazing neighborhood "
      4
      Flag
    • Melissa H.
      "Greet location. Especially if you work at CBS Radford. Extremely quiet neighborhood and great school district ."
      3
      Flag
    • Linseygodfrey
      "It’s close to my daughters school. It’s a easy and quick commute to my work over in Burbank and my best friends live close"
      1
      Flag
    • Sanaz.manoucheri
      "It’s been a safe neighborhood to live in. Kids play in the streets together during the day. Good sense of community"
      0
      Flag
    • Allison B.
      "I just moved here from North Hollywood... it’s so much quieter and friendlier. The streets and neighborhoods are well maintained and it feels like a safe place to live. "
      13
      Flag
    • Wayne L.
      "It’s nice by day. The neighborhood gets a little sketchy at night. Not always the most desirable characters out when the sun goes down. "
      1
      Flag
    • Ingrid.parris4
      "There’s a lot of space to walk around and a lot of grass, but also a LOT of dog owners walking around all day. "
      0
      Flag
    • Alexis W.
      "Everyone in Los Angeles drives so I would recommend buying a car if you don’t have one. Everywhere can be hard to get to in traffic so plan accordingly. "
      0
      Flag
    • Brandi D.
      "Lots of dogs in the neighborhood. Lots of outdoor seating at nearby restaurants that probably allow dogs"
      0
      Flag
    • Saiking D. J.
      "There are generally clean streets and lots of green space and grassy areas. The houses are well maintained"
      0
      Flag
    • Morgan S.
      "Lots of people walking dogs Altho not a lot of sidewalks so walking in the street in the neighborhoods. Outdoor seating outside harvest moon welcomes dogs. Great dog food store on magnolia and whitsett"
      0
      Flag
    • Leilani.d.jackson
      "Lots of green :) Neighborhood kinda feel :) lots of parks and green spaces. Many neighborhood shops. Lots of families. Relatively quiet. Close to hot spots. "
      8
      Flag
    • Rmedina452
      "It could be better, however, I work in Beverly Hills, thus the commute going over the hill during rush hour traffic is obviously not the best."
      0
      Flag
    • Morgan S.
      "Light up Valley Village early December, br it’s still very small-10 businesses maybe? Good restaurants and small businesses. "
      0
      Flag
    • Cassandra
      "The traffic is bad in and out of surrounding areas via the 101 freeway. The main roads are typically clear if traffic except for entrances to the freeway."
      0
      Flag
    • Dee B.
      "I love this neighborhood. It’s safe, located near great schools, shopping, and freeways are easily accessible "
      0
      Flag
    • Tomer
      "Great elementary school district. A lot of families around, great communities. Everything is so close by: bank, mall, markets, restaurants, etc "
      0
      Flag
    • Robyn B.
      "Food truck Thursday’s! The neighborhood is very safe and an easy walk to restaurants and the red line. "
      0
      Flag
    • Lisa G.
      "I only stay here a few months out of the year, but I like it. It’s quiet and I feel safe. I would love to get a place out here."
      1
      Flag
    • Tom M.
      "Beautiful and amazing neighborhood. Good school. Good kids. Good everything. I love it. I would recommend it to everyone. "
      10
      Flag
    • Tom M.
      "Valley village is special because it’s a really really special neighborhood with special community events. "
      0
      Flag
    • Travis C.
      "Friendly. This place has yet to be overrun by homeless people like much of the valley. Close proximity to many studios. "
      10
      Flag
    • Barrysweiss
      "Good access to anywhere Surface street or multiple freeways and canyons. Otherwise subject to L.A. traffic "
      1
      Flag
    • Efranzman
      "Good schools quiet streets charming housing stock and low crime. Lots of TV industry families. Friendly neighbors and people go all-out decorating homes for Halloween"
      1
      Flag
    • Rissajojo
      "Safe and clean. Close to everything. Great food places all round within walking distance. Close to freeway. "
      0
      Flag
    • Abisani
      "I lived in this neighborhood 30 years! Fantastic neighborhood, but changing very fast lately!Valley Village Neighborhood City Counsel it is in my personal view miss represented and in some way compromised . Poor Los Angeles City counsel representation ! Need to make changes in order to preserve the charm of Valley Village !"
      1
      Flag

    Market trends in Los Angeles

    Last updated July 2026
    Buyer'sMarketSeller'sMarket
    Avg. sale price
    $1.04M
    $10.92K    MoM
    Sale-to-List Price
    100.0%
    0.2%    MoM
    Price per sq ft
    $638
    $1    MoM
    Available listings
    8384
    127    MoM

    Home Value

    Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.

    Comparable sales

    These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
    Address
    Distance
    Property Type
    Sold Price
    Sold Date
    Bed
    Bath
    Sqft
    4532 Tujunga Ave, North Hollywood, CA
    0.13
    Lot/Land
    $940,000
    03/26/26
    -
    -
    11636 Valley Spring Ln #16, Studio City, CA
    0.73
    Lot/Land
    $1,610,000
    10/20/25
    -
    -
    12144 Riverside Dr, Valley Village, CA
    1.09
    Lot/Land
    $1,300,000
    09/17/25
    -
    -
    5327 Riverton Ave #15, North Hollywood, CA
    1.15
    Lot/Land
    $1,300,000
    02/04/26
    -
    -
    5642 Riverton Ave #141, North Hollywood, CA
    1.48
    Lot/Land
    $1,742,500
    04/03/26
    -
    -
    11232 Tiara St, North Hollywood, CA
    1.62
    Lot/Land
    $845,000
    01/16/26
    -
    -
    5716 Willowcrest Ave #49, North Hollywood, CA
    1.66
    Lot/Land
    $845,000
    07/21/26
    -
    -
    3746 Vantage Ave, Studio City, CA
    1.45
    Lot/Land
    $2,050,000
    03/31/26
    -
    -
    5922 Lemp Ave #18, North Hollywood, CA
    1.63
    Lot/Land
    $1,087,500
    08/04/26
    -
    -
    5926 Lemp Ave #19, North Hollywood, CA
    1.64
    Lot/Land
    $1,087,500
    08/04/26
    -
    -

    Nearby home prices

    Get a sense of expected prices in the area by checking the value of nearby homes.
    Address
    Distance
    Price
    Bed
    Bath
    Sqft
    Status
    4702 Kraft Ave, North Hollywood, CA 91602
    0.08
    $1,650,400
    3
    3
    1,934
    Off Market
    4646 Farmdale Ave, North Hollywood, CA 91602
    0.10
    $1,100,000
    3
    3
    1,950
    Recently Sold
    4535 Tujunga Ave, North Hollywood, CA 91602
    0.12
    -
    3
    3.5
    1,900
    Off Market
    4538 Tujunga Ave, North Hollywood, CA 91602
    0.12
    $1,299,000
    4
    2
    1,780
    For Sale
    11330 Blix St, North Hollywood, CA 91602
    0.13
    $1,200,000
    3
    2
    1,362
    Recently Sold
    4547 Kraft Ave, North Hollywood, CA 91602
    0.12
    $1,232,900
    2
    1
    1,218
    Off Market
    11406 W Talia Ct, North Hollywood, CA 91602
    0.13
    $1,257,000
    3
    3.5
    1,894
    Off Market
    4532 Tujunga Ave, North Hollywood, CA 91602
    0.13
    $940,000
    -
    -
    -
    Recently Sold
    4524 Tujunga Ave #12, North Hollywood, CA 91602
    0.15
    $523,800
    1
    1
    810
    Off Market
    4728 Farmdale Ave, North Hollywood, CA 91602
    0.15
    $836,000
    3
    2
    1,849
    Recently Sold
    4532 Farmdale Ave, North Hollywood, CA 91602
    0.16
    $2,100,000
    3
    3.5
    2,376
    Recently Sold

    Price and Tax history

    DateEventPrice
    Jul 6, 2026
    Source: CLAW #26856035
    		Listed For Sale
    $2,950,000
    May 24, 2019
    Source: N/A
    		Sold
    $875,000

    LGBTQ Local Legal Protections

    Benjamin Lee, Lyon Stahl Investment Real Estate, Inc., (310) 425-9838
    Agent Phone: (347) 579-3071
    © 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW as of 2026-08-30 20:12:36 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
    Some IDX listings have been excluded from this website.

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    Frequently asked questions about 4635 Tujunga Ave

    • How big is 4635 Tujunga Ave?
      4635 Tujunga Ave in North Hollywood, CA is about 0.32 acres (13,939 sq ft).
    • What is the price per acre for 4635 Tujunga Ave?
      4635 Tujunga Ave in North Hollywood, CA is listed at $2,950,000, or about $9.2M per acre.
    • What do residents say about the Valley Village neighborhood?
      Residents describe the Valley Village neighborhood in North Hollywood, CA as dog-friendly, pedestrian-friendly, and walkable to grocery stores. See homes for sale in Valley Village, North Hollywood.
    • What are the closest schools to 4635 Tujunga Ave?
      The closest schools to 4635 Tujunga Ave in North Hollywood, CA are Colfax Charter Elementary School (rated 8/10), North Hollywood Senior High School (rated 8/10), Walter Reed Middle School (rated 7/10).
    4635 Tujunga Ave, North Hollywood, CA 91602 is a lot/land. 4635 Tujunga Ave is located in Valley Village, North Hollywood. This property is currently available for sale and was listed by CLAW on Jul 6, 2026. The MLS # for this home is MLS# 26856035.