4635 Tujunga Ave
North Hollywood, CA 91602
Valley Village(on 0.32 acres)
Local Information
-- mins to
Description
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.
Home Highlights
Parking
No Info
Outdoor
No Info
HOA
None
Price/Sqft
No Info
Listed
Less than a day ago
Home Details for 4635 Tujunga Ave
|
|---|
Gas & Electric Gas: None |
View No ViewView: None |
|
|---|
Frontage Waterfront: NoneNot on Waterfront |
Water & Sewer Sewer: None |
|
|---|
Days on Market: <1 day on Trulia |
|
|---|
Property Type / Style Property Type: LandProperty Subtype: Unimproved Land |
Property Information Parcel Number: 2354008031 |
|
|---|
Price List Price: $2,950,000 |
|
|---|
MLS Status: Active |
|
|---|
Direction & Address City: North Hollywood |
|
|---|
Listing Agent Listing ID: 26856035 |
|
|---|
Lot Area: 0.32 acres |
|
|---|
Special Conditions: Standard |
|
|---|
Mls Number: 26856035 |
Last check for updates: about 10 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 CRMLS.
Market trends in Los Angeles
Last updated May 2026
Avg. sale price
$1M
$24.42KMoM
Sale-to-List Price
99.6%
0.5%MoM
Price per sq ft
$638
$6MoM
Available listings
8306
253MoM
Price History for 4635 Tujunga Ave
| Date | Price | Event | Source |
|---|---|---|---|
| 07/06/2026 | $2,950,000 | Listed For Sale | CLAW #26856035 |
| 05/24/2019 | $875,000 | Sold | N/A |
Similar Homes You May Like
New Listings near 4635 Tujunga Ave
Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $12,047 |
| Assessment | $976,074 |
Home facts updated by county records
Comparable Sales for 4635 Tujunga Ave
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.13 | Lot/Land | $940,000 | 03/26/26 | - | - | ||
0.73 | Lot/Land | $1,610,000 | 10/20/25 | - | - | ||
1.09 | Lot/Land | $1,300,000 | 09/17/25 | - | - | ||
1.15 | Lot/Land | $1,300,000 | 02/04/26 | - | - | ||
1.48 | Lot/Land | $1,742,500 | 04/03/26 | - | - | ||
1.62 | Lot/Land | $845,000 | 01/16/26 | - | - | ||
1.45 | Lot/Land | $2,050,000 | 03/31/26 | - | - | ||
1.80 | Lot/Land | $900,000 | 11/21/25 | - | - | ||
1.98 | Lot/Land | $715,000 | 04/03/26 | - | - |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 4635 Tujunga Ave.
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
73 % 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.
LGBTQ Local Legal Protections
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 2026-07-06 10:40:05 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.
Some IDX listings have been excluded from this website.
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.

