To enhance the properties of TC4 titanium alloy samples prepared by Laser Metal Deposition (LMD), while minimizing metallurgical defects and increasing relative density of the samples, the advanced Friction Stir Processing (FSP) technology was employed to conduct a refined secondary modification on the LMD-deposited TC4 titanium alloy samples. The comprehensive influences of FSP on the microstructure and properties of the as-deposited TC4 titanium alloy were emphatically investigated. The results reveal that the as-deposited TC4 titanium alloy exhibits a microstructure characterized primarily by columnar grains interspersed with a minor amount of equiaxed grains in the vertical section. After FSP treatment, the microstructure transforms into a new morphology where more refined equiaxed grains coexist with bimodal structures. Meanwhile, on the horizontal plane, the existing equiaxed grains are further refined, and the microstructure gradually transitions from the original Widmanstätten and basketweave structures to a more uniform laminar structure. Accordingly, the transformation of the microstructure leads to enhanced mechanical properties of the TC4 titanium alloy. Compared to the untreated as-deposited titanium alloy, the hardness of the FSP-processed samples significantly increases by 46.9 HV1 on the horizontal plane and 33.8 HV1 on the vertical plane. Additionally, the reduction in friction coefficient (from 0.47 to 0.41), a substantial decrease in wear mass (3.7 mg), and a slight improvement in the corrosion resistance of the titanium alloy collectively demonstrate the effectiveness of the FSP process in enhancing the performance of as-deposited TC4 titanium alloy.