$3,695,000 Price Analysis   ♡   Studio City, CA 91604 12 bed 11 bath 7,232 SqFt ($510/SqFt) 9,254SqFt lot. Built 1961 Listed 2024-02-06, Taxes $38,633 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
Pleased to present a rare and unique opportunity to own an 11 Unit Value-Add property in the heart of Studio City
Walking distance to the Shops at Sportsman's Lodge on Coldwater Blvd and the countless attractions, restaurants, bars an d cafes on Ventura Blvd. With over 36% percent upside in rents and significant capital already invested by Seller, this is n ideal opportunity for a Buyer seeking capital preservation and appreciation in a Class A location.
The unit mix consists of Two - 2 Bedroom Units, Eight - 1 Bedroom Units and One - Studio. Building is also settled on nearly a 10K lot with No Soft Story Retrofit required while offering an ADU opportunity for the next Buyer.
Presented by LA Premier Realty at
La Premier Realty.
Property MLS #BB24026130 from CRMLS
Lot Size Acres: 0.2124426
Lot Size Source: Assessor
Lot Size Square Feet: 9254
Parking Total: 13
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Unit-1 Garage Spaces: 4
Unit-2 Garage Spaces: 8
Unit-3 Garage Spaces: 1
County: Los Angeles
Source Property Type: Residential Income
Area: STUD - Studio City
Source Neighborhood: STUD - Studio City
Number of Separate Electric Meters: 12
Number of Separate Gas Meters: 12
Number of Separate Water Meters: 1
Parcel Number: 2375020026
Postal Code Plus 4: 1923
Zoning: LAR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $900,000 + $2,300,000 $3,200,000 | $38,633 |
| 2021 | $535,654 + $358,101 $893,755 | $11,786 |
| 2020 | $530,162 + $354,430 $884,592 | $11,890 |
| 2019 | $519,767 + $347,481 $867,248 | $11,458 |
| 2018 | $509,576 + $340,668 $850,244 | $11,267 |
| 2017 | $499,585 + $333,989 $833,574 | $10,993 |
| 2016 | $489,790 + $327,441 $817,231 | $10,680 |
| 2015 | $482,433 + $322,523 $804,956 | $10,535 |
| 2014 | $472,983 + $316,206 $789,189 | $10,639 |
| 2013 | $470,846 + $314,777 $785,623 | $10,640 |
| 2012 | $461,614 + $308,605 $770,219 | $10,778 |
| 2010 | $452,563 + $302,554 $755,117 | $10,580 |
| 2009 | $450,249 + $301,007 $751,256 | $10,212 |
| 2009 | $449,181 + $300,293 $749,474 | $10,212 |
| 2008 | $441,421 + $295,105 $736,526 | $9,807 |
| 2007 | $432,766 + $289,319 $722,085 | $9,476 |
$3,695,000
CRMLS
Listed 2024-02-06
$3,895,000
CRMLS
Listing removed 2022-01-25
$0
CRISNET
Sold 2021-11-15
$3,200,000
Public Record
Listing removed 2020-06-23
$0
AppfolioUnits
Listed for rent 2020-06-18
$1,392
AppfolioUnits
Listing removed 2020-06-12
$0
AppfolioUnits
Listed for rent 2020-06-11
$1,392
AppfolioUnits
Listing removed 2014-01-11
$961
WestsideRentals
Listed for rent 2014-01-04
$961
WestsideRentals
Sold 1996-12-20
$594,000
Public Record
Year Built: 1961
Building Features: 1
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: valleyheart
Property Age: 63
Property Attached: Yes
Building Total Stories: 2
Structure Type: Apartment
Year Built Source: Assessor
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.