Fully Entitled Affordable Housing
For Sale
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4635-4639 Tujunga Ave, North Hollywood, CA 91602
Approved for a 58-unit income-restricted apartment community on a 13,805 SF lot in the Valley Village Specific Plan.
Property SizeContact for details
Lot Size0.32 Acres
Days on Market17
Property Features for 4635-4639 Tujunga Ave
General Information
Standard status
Active
Lot size
0.32 Acres
Property subtype
Land
Zoning
R3-1
Building Details
Stories
6
Units
58
Listing Agency:
Lyon Stahl
Listed By:
Ben Lee · License #01972083
Source:
Crexi
Added: Jul 23
Changed: Aug 8
Last Checked: Jul 27 at 2:10AM
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 Lyon Stahl
Investment Insights
Based on property information with market context.
4635-4639 Tujunga Avenue offers a fully entitled affordable housing development opportunity delivered vacant and fully RTI. The site is approved for a 58-unit income-restricted apartment community within the Valley Village Specific Plan area, with qualification for Tier 3 Section 8 rents.
The development plan calls for a highly efficient six-story Type III-A residential building totaling approximately 37,930 square feet of residential area, with an approved unit mix of fifty-five one-bedroom units, two two-bedroom units, and one three-bedroom unit. The property also sits within the TCAC/HCD Opportunity Map’s High Resource Area and a HUD-designated Difficult Development Area (DDA), supporting tax credit scoring and basis boost eligibility.
Entitlements are already approved, allowing a developer to pull permits and break ground immediately without additional processing timelines. The offering is positioned for restricted rent schedules under TCAC, with an emphasis on Schedule IX units (approximately 80%) and Schedule VI units (approximately 20%).
The development plan calls for a highly efficient six-story Type III-A residential building totaling approximately 37,930 square feet of residential area, with an approved unit mix of fifty-five one-bedroom units, two two-bedroom units, and one three-bedroom unit. The property also sits within the TCAC/HCD Opportunity Map’s High Resource Area and a HUD-designated Difficult Development Area (DDA), supporting tax credit scoring and basis boost eligibility.
Entitlements are already approved, allowing a developer to pull permits and break ground immediately without additional processing timelines. The offering is positioned for restricted rent schedules under TCAC, with an emphasis on Schedule IX units (approximately 80%) and Schedule VI units (approximately 20%).
Key Highlights
- Fully entitled affordable housing site at 4635‑4639 Tujunga Avenue for a 58‑unit income‑restricted apartment community.
- Located on a 13,805 SF lot within the Valley Village Specific Plan area.
- Approved plans include a six‑story Type III‑A building totaling approximately 37,930 SF of residential area with special code provisions.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,608
Businesses Nearby
Explore this area
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Approved for a 58-unit income-restricted apartment community on a 13,805 SF lot in the Valley Village Specific Plan.
Where is this residential land & home lot located?
The property is located at 4635-4639 Tujunga Ave North Hollywood, CA.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Fully entitled affordable housing site at 4635‑4639 Tujunga Avenue for a 58‑unit income‑restricted apartment community.; Located on a 13,805 SF lot within the Valley Village Specific Plan area.; Approved plans include a six‑story Type III‑A building totaling approximately 37,930 SF of residential area with special code provisions.
