| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 76th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4108 Tujunga Ave, Studio City, CA, 91604, US |
| Region / Metro | Studio City |
| Year of Construction | 1972 |
| Units | 24 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4108 Tujunga Ave Studio City Multifamily Investment
This 24-unit property built in 1972 benefits from Studio City's 76.9% rental occupancy share and strong renter demand driven by nearby entertainment industry employers, according to CRE market data from WDSuite.
Studio City's multifamily market demonstrates strong fundamentals with a neighborhood-level rental occupancy share of 76.9%, ranking in the top 2% nationally among 1,441 metro neighborhoods. The area maintains a median contract rent of $2,028, reflecting 36% growth over five years, while demographic data aggregated within a 3-mile radius shows a mature renter base with 65% of housing units occupied by renters.
The neighborhood benefits from exceptional amenity density, ranking in the 78th percentile nationally with 6.4 grocery stores per square mile and nearly 20 restaurants per square mile. Educational infrastructure averages 2.5 out of 5 stars, positioning the area competitively for workforce housing. Home values averaging $993,373 with 44.6% five-year appreciation sustain rental demand by limiting ownership accessibility for many households.
Demographic projections indicate household growth of 40.4% through 2028, with median household income forecast to increase 39.4% to $143,960. This expanding renter pool, combined with forecast rent growth of 32.7% to $2,627, supports both occupancy stability and pricing power for multifamily properties in the submarket.
The neighborhood demonstrates improving safety trends with property offense rates declining 81.1% year-over-year and violent offense rates dropping 96.0%. Current property offense rates of 307 per 100,000 residents rank near the middle among 1,441 metro neighborhoods, while violent offense rates of 19.7 per 100,000 residents place the area above metro median for safety.
These declining crime trends, particularly the substantial year-over-year improvements in both property and violent offense categories, support tenant retention and appeal for workforce housing in the entertainment corridor.
The property benefits from proximity to major entertainment and media companies that anchor Studio City's employment base, providing stable workforce housing demand for industry professionals.
- Radio Disney — media and entertainment (2.2 miles)
- Disney — entertainment and media (3.2 miles) — HQ
- Live Nation Entertainment — live entertainment (3.5 miles)
- Charter Communications — telecommunications (4.4 miles)
- Live Nation Entertainment — live entertainment (4.9 miles) — HQ
This 1972-vintage property offers value-add potential through strategic capital improvements while benefiting from Studio City's robust rental fundamentals. The neighborhood's 76.9% rental occupancy share and projected 40.4% household growth through 2028 indicate sustained tenant demand. Median rents of $2,028 with 36% five-year growth demonstrate pricing power, while the property's 813 square foot average unit size aligns with workforce housing demand from nearby entertainment employers.
Commercial real estate analysis from WDSuite shows the submarket ranking in the top quartile nationally for amenity access and rental demand fundamentals. The 52-year building age presents renovation upside opportunities, while elevated home values averaging $993,373 reinforce renter reliance on multifamily housing options.
- Strong rental demand with 76.9% neighborhood occupancy share ranking top 2% nationally
- Projected 40.4% household growth through 2028 expanding tenant base
- Value-add potential from 1972 construction requiring strategic capital improvements
- Proximity to Disney and entertainment industry employers supporting workforce housing demand
- Risk consideration: 52-year building age may require significant capital expenditure planning