$1,500,000 Price Analysis   ♡   Studio City, CA 91602 5 bed 5 bath 3,100 SqFt ($483/SqFt) 6,730SqFt lot. Built 1945 Listed 2024-04-29, Taxes $5,546 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
This charming 5-unit apartment building is located at 11621 1/2 Moorpark Street
Los Angeles/Studio City area, CA 91602. Built in 1945, this building has a unit mix comprised of one studio, three 1bedroom/1bathroom and one 2bedroom/1bathroom unit totaling approximately 3, 100 rentable square feet on approximately 6, 728 square feet f land zoned LAR3. The current ownership recently completed many renovations to the property such as new electrical panels, copper plumbing, tankless water heaters in all units and new sewer lines. All the costly deferred maintenance which has already been completed coupled with a exc eptional location and little landlord expenses make this a fantastic opportunity for investors looking at prime locations in the San Fernando Valley.
This property can be purchased separate or as portfolio with the two neighboring buildings. Please check MLS: 11613 and 11617 Moorpark Street. The building is located in a great pocket of North Hollywood/Studio City on Moorpark Street, south of the 101 Freeway between Colfax Avenue and Tujunga Avenue and next to Walter Reed Middle School. This site has great access to the 101, 170 and 134 Freeeways and is a short drive to Universal Studios/City Walk, Lakeside Golf Club, Weddington Golf Club and The Shops at Sportsmans Lodge in Studio City!
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Property MLS #SR24084680 from CRMLS
Lot Size Acres: 0.1544995
Lot Size Source: Assessor
Lot Size Square Feet: 6730
Parking Total: 3
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Unit-2 Garage Spaces: 2
Unit-3 Garage Spaces: 1
Maintenance Expense: 4754.00
County: Los Angeles
Cap Rate: 4.11
Source Property Type: Residential Income
Insurance Expense: 3000.00
Area: 699 - Not Defined
Source Neighborhood: 699 - Not Defined
New Taxes Expense: 18750.00
Number of Separate Electric Meters: 5
Number of Separate Gas Meters: 4
Parcel Number: 2365002010
Pest Control Expense: 720.00
Postal Code Plus 4: 1925
Trash Expense: 1200.00
Zoning: LAR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $257,287 + $171,521 $428,808 | $5,546 |
| 2021 | $252,243 + $168,158 $420,401 | $5,466 |
| 2020 | $249,657 + $166,434 $416,091 | $5,515 |
| 2019 | $244,762 + $163,171 $407,933 | $5,311 |
| 2018 | $239,963 + $159,972 $399,935 | $5,243 |
| 2017 | $235,258 + $156,836 $392,094 | $5,134 |
| 2016 | $230,646 + $153,761 $384,407 | $4,991 |
| 2015 | $227,182 + $151,452 $378,634 | $4,923 |
| 2014 | $222,732 + $148,486 $371,218 | $4,972 |
| 2013 | $221,726 + $147,815 $369,541 | $4,972 |
| 2012 | $217,379 + $144,917 $362,296 | $5,038 |
| 2010 | $213,117 + $142,076 $355,193 | $5,149 |
| 2009 | $212,028 + $141,350 $353,378 | $4,975 |
| 2009 | $211,525 + $141,015 $352,540 | $4,975 |
| 2008 | $207,871 + $138,579 $346,450 | $4,784 |
| 2007 | $203,796 + $135,862 $339,658 | $4,605 |
$1,500,000
CRMLS
Listed 2024-04-29
$1,650,000
CRMLS
Sold 1997-09-02
$550,000
Public Record
Year Built: 1945
Building Features: 2
Common Walls: 1 Common Wall
Entry Level: 1
Entry Location: Front
Property Age: 79
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.