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13018 Valleyheart Drive

Studio City, CA 91604
  • $3,895,000
  • STATUS: Active
  • ON SITE: 23 Days
  • ID#: BB24026130
$3,895,000
  • 0
    BEDS
  • 0.21
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1961
County:

School Ratings & Info

Listing Agent(s): David Nalbandyan of LA Premier Realty (855-525-7653)


Description

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, and cafes on Ventura Blvd. With over 36% percent upside in rents and significant capital already invested by Seller, this is an 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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-03-01T00:31:17.237. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
www.legacy15.com/homes/147311934
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13018 Valleyheart Drive Studio City, CA 91604

  • Price: $3,895,000
  • Status: Active
  • On Site: 23 Days
  • ID#: BB24026130
0
Beds
0
Baths
0
½ Baths
0.21
Acres
1961
Built
Neighborhood:
STUD - Studio City
County:
Los Angeles
Area:
STUD - Studio City
Property Description
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, and cafes on Ventura Blvd. With over 36% percent upside in rents and significant capital already invested by Seller, this is an 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.
Exterior Features

Entry Level 1 Entry Location valleyheart Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 12 Parking Total 13 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Common Interest Community Apartment Community Features Curbs Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 235341 Gross Scheduled Income 235341 Insurance Expense 5760 Land Lease YN No Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Conventional Net Operating Income 156291 New Construction YN No Number Of Separate Gas Meters 12 Number Of Separate Water Meters 1 Operating Expense 74416 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Vacancy Allowance 4635 Water Sewer Expense 11400 Water Source Public Zoning LAR3



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-03-01T00:31:17.237. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
 
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Legacy 15 Real Estate Brokers
22521 Avenida Empresa Suites 100 & 102
Rancho Santa Margarita CA, 92688
Listing Agent(s): David Nalbandyan of LA Premier Realty (855-525-7653)