Development Land with Approved SB9
For Sale
$2,699,000
4215 Fair AVE, Studio City, CA 91602
Two legal-lot development site with approved SB9 plans for eight residential units.
Property SizeContact for details
Days on Market89
Property Features for 4215 Fair AVE
General Information
Standard status
Active
Property subtype
LAND
Additional Details
Multifamily Units
8
Listing Agency:
Coldwell Banker Realty
Listed By:
Avi Barazani · License #01004601
(818) 788-5400
Source:
Milsteinestates
Added: Jun 30
Changed: Sep 18
Last Checked: Sep 26 at 3:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This development property consists of two legal lots with approved SB9 plans to build a total of eight residential units. Each lot is planned for four units, including one duplex and two ADUs per lot. The duplex plans are over 1,700 square feet each, with ADUs planned at approximately 500 square feet each, subject to the approved plans.
The site is located in the Studio City area, within Tujunga Village, at 4215 Fair in Studio City, CA 91602. Because the plans and unit mix are already approved under SB9, the property is positioned for an owner or developer seeking an entitlements-confirmed residential development path.
For buyers evaluating development land, the key consideration here is that the SB9 entitlement includes a defined structure for eight units across the two lots, rather than starting from scratch. The duplex and ADU configuration provides a workable framework for executing the project as designed. For additional details on the approved plans and next steps, please call the listing agent.
The site is located in the Studio City area, within Tujunga Village, at 4215 Fair in Studio City, CA 91602. Because the plans and unit mix are already approved under SB9, the property is positioned for an owner or developer seeking an entitlements-confirmed residential development path.
For buyers evaluating development land, the key consideration here is that the SB9 entitlement includes a defined structure for eight units across the two lots, rather than starting from scratch. The duplex and ADU configuration provides a workable framework for executing the project as designed. For additional details on the approved plans and next steps, please call the listing agent.
Key Highlights
- Development opportunity in the Studio City area/Tujunga Village with two legal lots.
- Approved SB9 plans for 8 residential units total (4 units per lot).
- Each lot planned for 1 duplex plus 2 ADUs.
Property Analytics
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Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
2,178
Businesses Nearby
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Business Placement
Demographics for 91602, CA
19,647
Population
10,791
Households
1.8
Avg Household Size
39
Median Age
55%
College-Educated
96%
High-School Grad
2.0 sq mi
ZIP Area
9,824
Density / Sq Mi
$97,994
Median Household Income
$61,134
Median Earnings
$2,186
Median Rent
$1,104,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Two legal-lot development site with approved SB9 plans for eight residential units.
Where is this residential land & home lot located?
The property is located at 4215 Fair AVE Studio City, CA.
What is the asking price?
The asking price for this property is $2,699,000.
What are key features of this property?
This property features: Development opportunity in the Studio City area/Tujunga Village with two legal lots.; Approved SB9 plans for 8 residential units total (4 units per lot).; Each lot planned for 1 duplex plus 2 ADUs.
