| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 85th | Best |
| Demographics | 76th | Best |
| Amenities | 79th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4140 N Tujunga Ave, Studio City, CA, 91604, US |
| Region / Metro | Studio City |
| Year of Construction | 1988 |
| Units | 20 |
| Transaction Date | 2023-03-16 |
| Transaction Price | $4,339,500 |
| Buyer | KLS 4140 TUJUNGA LLC |
| Seller | UROV 4140 TUJUNGA LLC |
4140 N Tujunga Ave, Studio City Multifamily Investment
High renter-occupied concentration and a high-cost ownership landscape support durable rental demand in Studio City, according to WDSuite’s CRE market data. Neighborhood occupancy has been steady, offering investors a footing for income stability.
Studio City’s Urban Core setting pairs daily convenience with strong renter fundamentals. Neighborhood amenities test well versus national peers: grocery and pharmacy access sit in the mid-90s national percentiles, restaurants are similarly dense, and parks and cafés rank well above average. For investors, this concentration of services typically supports leasing velocity and renewal capture.
Rents in the neighborhood benchmark in the low-90s national percentile, while neighborhood occupancy has hovered in the mid-90s percent range in recent years. These are neighborhood-level metrics, not property performance, but they indicate resilient demand for professionally managed apartments and support underwriting for stabilized operations.
The median home value in the neighborhood is elevated (top few percent nationally), which reinforces reliance on rental product and can sustain pricing power for well-located assets. The renter-occupied share of housing units is high for the metro (near the top of Los Angeles neighborhoods), signaling depth in the tenant base and demand stability for multifamily operators.
Schools within the neighborhood rate around the national midpoint, which is serviceable for a broad renter profile. The property’s 1988 construction is slightly newer than the neighborhood average (early 1980s), suggesting relative competitiveness versus older stock; investors should still plan for modernization of building systems and common areas where appropriate.
Demographic statistics are aggregated within a 3-mile radius. Recent population and household trends were mixed, but forecasts point to growth in both population and households over the next five years alongside smaller average household sizes—factors that typically expand the renter pool and support occupancy stability. These dynamics, paired with solid neighborhood incomes, underpin sustained demand for quality rental housing.
Safety benchmarks are comparatively favorable for the area. The neighborhood places in the top quartile among 1,441 Los Angeles-Long Beach-Glendale neighborhoods and around the mid-70s percentile nationally for lower crime, indicating a relatively strong position versus both metro and national peers. Estimated offense rates also declined notably over the past year, which, if sustained, can further support renter retention and leasing.
As always, safety conditions can vary block to block and over time; investors should pair these directional indicators with on-the-ground diligence and recent comps.
Proximity to major media and entertainment employers supports a strong white-collar renter base and commute convenience. Key nearby employers include Radio Disney, Disney, Live Nation Entertainment, and Charter Communications.
- Radio Disney — corporate offices (2.2 miles)
- Disney — corporate offices (3.2 miles) — HQ
- Live Nation Entertainment — corporate offices (3.5 miles)
- Charter Communications — corporate offices (4.3 miles)
- Live Nation Entertainment — corporate offices (4.9 miles) — HQ
4140 N Tujunga Ave offers investors exposure to a high-demand Studio City location where neighborhood occupancy trends are above the national median and the renter-occupied share is among the highest in the metro—signals of depth in the tenant base. Elevated home values in the neighborhood reinforce reliance on multifamily housing and can support pricing power for well-maintained assets. Based on CRE market data from WDSuite, amenity access and income fundamentals compare favorably to national norms, supporting leasing stability.
Built in 1988, the asset is slightly newer than the neighborhood average, providing competitive positioning versus older product while still allowing for targeted value-add through system upgrades and interior/common-area refreshes. Looking ahead, 3-mile demographic forecasts show increases in population and households with smaller household sizes, expanding the renter pool and supporting long-term demand. Key risks include moderate affordability pressure for renters and employment mix exposure to entertainment/tourism cycles; disciplined lease management and renovation pacing can help mitigate volatility.
- High renter-occupied concentration and above-median neighborhood occupancy support income stability
- Elevated home values reinforce sustained rental demand and pricing power
- 1988 vintage offers competitive positioning with targeted value-add potential
- 3-mile forecasts point to growth in population and households, expanding the renter pool
- Risks: renter affordability pressure and sector cyclicality; manage via leasing discipline and phased capex