$3695000 Price Analysis   ♡   Studio City, CA 91604 18 bed 12 bath 9944 SqFt ($371/SqFt) 0.4 acre lot. Built 1954 Listed 2024-05-13, Taxes $8820 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
Major Price Reduction!!!
Price reduced by $295, 000. 12918 and 12924 Valleyheart Dr. is a terrific 12 unit property consisting of two side by side 6 unit partment buildings located in the heart of Studio City, one of the most sought after locations in the San Fernando valley. Built in 1954, the properties have an excellent mix of units consisting of 6 -One Bed + One Bath Units and 6 - T wo Bed + One Bath Units. These charming units are equipped with amenities including wall air conditioning, balconies, covered/gated parking and secured entry.
The buildings are located on a attractive tree lined street across from the Valleyheart Riverwalk. Tenants can enjoy close access to a variety of upscale shops, markets and exercise facilities located at the nearby Shops at Sportsmen's Lodge. Property is being sold along with 12914 Valleyheart Drive + 12934 Valleyheart. Buildings may be purchased separately or all together. This is a rare opportunity for an investor to purchase a value-add income property in a tremendous Studio City location.
Presented by Gary Fox at
Miller & Desatnik Realty Co.
Property MLS #24-391251 from TheMLSCLAW
Full Bathrooms: 12
Heating Features: Wall
Lot Size Source: Assessor
Lot Size Square Feet: 17480
Parking Total: 12
Calculated Total Monthly Association Fees: 0
Number of Units: 12
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 1, 1 SquareFeet: 2425, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 1668, 3 BedsTotal: 2, 3 BathsTotal: 1, 3 SquareFeet: 300, 4 BedsTotal: 1, 4 BathsTotal: 1, 4 SquareFeet: 2150, 5 BedsTotal: 2, 5 BathsTotal: 1, 5 SquareFeet: 1569, 6 BedsTotal: 1, 6 BathsTotal: 1, 6 SquareFeet: 1919, 7 BedsTotal: 2, 7 BathsTotal: 1, 7 SquareFeet: 1950, 8 BedsTotal: 1, 8 BathsTotal: 1, 8 SquareFeet: 2022, 9 BedsTotal: 2, 9 BathsTotal: 1, 9 SquareFeet: 2033, 10 BedsTotal: 1, 10 BathsTotal: 1, 10 SquareFeet: 1871
County: Los Angeles
Cap Rate: 3.68
Directions: 1 block North of Ventura Blvd. & 1/2 block West of Coldwater Canyon Ave.
Source Property Type: Residential Income
Area: Studio City
Source Neighborhood: Studio City
Parcel Number: 2375-022-038
Zoning: LAR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $398861 + $265905 $664766 | $8820 |
| 2021 | $391041 + $260692 $651733 | $8694 |
| 2020 | $387032 + $258019 $645051 | $8770 |
| 2019 | $379444 + $252960 $632404 | $8455 |
| 2018 | $372004 + $248000 $620004 | $8296 |
| 2017 | $364710 + $243138 $607848 | $8082 |
| 2016 | $357559 + $238371 $595930 | $7859 |
| 2015 | $352189 + $234791 $586980 | $7753 |
| 2014 | $345291 + $230192 $575483 | $7815 |
| 2013 | $343731 + $229152 $572883 | $7805 |
| 2012 | $336992 + $224659 $561651 | $7906 |
| 2010 | $330385 + $220254 $550639 | $7668 |
| 2009 | $328696 + $219128 $547824 | $7400 |
| 2009 | $327916 + $218608 $546524 | $7400 |
| 2008 | $322251 + $214832 $537083 | $7105 |
| 2007 | $315933 + $210620 $526553 | $6865 |
$3695000
TheMLSCLAW
Listed 2024-05-13
$3990000
TheMLSCLAW
Sold 1998-12-04
$1500000
Public Record
Sold 1977-07-18
$115000
Public Record
Year Built: 1954
Levels: Two Level
Living Area Source: Assessor
Property Age: 70
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Assessor
Map directions Map directions Map directions Map directionsThe 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.