Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    4156 Tujunga Ave Studio City, CA 91604-3091

    • Apartment buildings
    • 4,614 SF
    • 0.15 lot acres
    OFF-MARKET
    Last Sale
    Jan 12, 2023
    $1,665,000
    Value Estimations
    $1,580,000
    Show details
    Cap Rate Potential
    4.7%
    Apartment buildings
    Location Intelligence
    Property ID
    US09-8430995
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 4156 Tujunga Ave

    Year built
    1971
    Construction
    WOOD
    Lot size
    0.15 lot acres
    Property size
    4,614 SF
    Zone code
    LARD1.5
    Property type
    Apartment buildings
    APN
    2366-031-007
    APU
    2366031007

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,590,000
      ML approach
      $1,625,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,155,000
      6.5%
      $1,070,000
      7%
      $990,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,864,000
      Market price range: $460k - $1.86M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Studio City
    County
    Los Angeles
    State
    California
    Longitude
    -118.379
    Latitude
    34.144
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $21,421
    $1,020,000
    $678,300
    $1,698,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $260,000
      0.05 Acres

      Studio City, CA 91604

      APARTMENT HOUSE (5+ UNITS) • 0.05 Acres
      Studio City, CA 91604
      View Details
    • Value Estimation
      $350,000
      9,222 SF

      4235 Arch Dr

      APARTMENT HOUSE (5+ UNITS) • 9,222 SF
      4235 Arch Dr, Studio City, CA 91604-5103
      View Details
    • Value Estimation
      $985,000
      380,276 SF

      10975 Bluffside Dr

      APARTMENT HOUSE (5+ UNITS) • 380,276 SF
      10975 Bluffside Dr, Studio City, CA 91604-4474
      View Details
    • Value Estimation
      $685,000
      31,296 SF

      3912 Laurel Cyn Blvd

      APARTMENT HOUSE (5+ UNITS) • 31,296 SF
      3912 Laurel Cyn Blvd, Studio City, CA 91604-3774
      View Details
    • Value Estimation
      $785,000
      57,024 SF

      3934 Laurel Cyn Blvd

      APARTMENT HOUSE (5+ UNITS) • 57,024 SF
      3934 Laurel Cyn Blvd, Studio City, CA 91604
      View Details
    • Value Estimation
      $460,000
      13,131 SF

      4300 Colfax Ave

      APARTMENT HOUSE (5+ UNITS) • 13,131 SF
      4300 Colfax Ave, Studio City, CA 91604-5308
      View Details

    Similar Nearby for Sale

    • $799,000
      1,055 SF

      Studio City Three-Bedroom Condo

      Rare top-floor condo in desirable Colfax Meadows neighborhood.
      4370 Troost Ave, Studio City, CA 91604
      View Details
    • $1,349,000
      1,680 SF

      Studio City Penthouse with Views

      Rare penthouse near CBS Radford Studios with unobstructed views.
      12050 Guerin St, Studio City, CA 91604
      View Details
    • $1,995,000

      Studio City Multifamily Investment Opportunity

      Six-unit multifamily property in prime Studio City location.
      4156 Tujunga Ave, North Hollywood, CA 91604
      View Details
    • $739,000
      1,182 SF

      Renovated Studio City Condo

      Updated 2-bed, 2-bath condo in desirable Colfax Meadows neighborhood.
      11640 Woodbridge St, Studio City, CA 91604
      View Details
    • $945,000
      1,480 SF

      Spacious Condo with Charming Features

      Three-bedroom, three-bathroom condo with fireplace, balcony, and chef’s kitchen.
      12044 Hoffman St, Studio City, CA 91604
      View Details
    • $969,000

      Spacious Townhome in Studio Village

      Desirable end-unit townhome with 3 bedrooms and community amenities.
      4185 Colfax Ave, Studio City, CA 91604
      View Details

    Similar Nearby for Lease

    • $6,500 /Mo
      1,880 SF

      12045 Guerin Street #PH4, Studio City, CA 91604

      Apartment buildings • 1,880 SF
      12045 Guerin St, Studio City, CA 91604
      View Details
    • $45 SF/Yr
      6,877 SF

      Studio City Creative Office Space

      Prime Studio City Office, 2,441 SF Available
      3751 Cahuenga Blvd, Los Angeles, CA 91604
      View Details
    • Contact for pricing
      1,140 SF

      Ventura Blvd Retail Space For Lease

      Studio City Shopping Center - 1140 SF Available
      11048 Ventura Blvd, Los Angeles, CA 91604
      View Details
    • Contact for pricing
      5,348 SF

      Ventura Place Retail Opportunity

      Prime Studio City Retail Space Available
      12109 Ventura Pl, Los Angeles, CA 91604
      View Details
    • $2 SF/Yr
      11,687 SF

      Ventura Blvd Prime Corner Location

      Office building for rent with billboard income potential.
      13273 Ventura Blvd, Studio City, CA 91604
      View Details
    • Contact for pricing

      Land for Sublease in Los Angeles

      Land available for sublease in Los Angeles.
      10740 Ventura Blvd, Studio City, CA 91604
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4156 Tujunga Ave
    Studio City, CA 91604-3091
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.