GET MORE INFORMATION
We respect your privacy! Your information WILL NOT BE SHARED, SOLD, or RENTED to anyone, for any reason outside the course of normal real estate exchange. By submitting, you agree to our Terms of Use and Privacy Policy.
$ 2,975,000
$ 2,975,000
Est. payment | /mo
12 Beds
14 Baths
8,892 SqFt
$ 2,975,000
$ 2,975,000
Est. payment | /mo
12 Beds
14 Baths
8,892 SqFt
Key Details
Sold Price $2,975,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 8,892 sqft
Price per Sqft $334
MLS Listing ID 26657261
Bedrooms 12
Year Built 1963
Lot Size 8,768 Sqft
Property Description
Prime Studio City 10 unit Asset Steps to Tujunga Village. Located just three buildings south from the heart of Tujunga Village, this 10 unit property sits in the one of Studio City's most vibrant and coveted micro - neighborhoods. Residents can walk to popular cafe's, chef driven restaurants, fitness studios and boutique shopping, all while enjoying the tree lined residential street that make this area so desired. The property's generous one and two - bedroom floor plans cater to today renters who prioritize space, flexibility and lifestyle. Whether roommates, work from home professionals, or young families , this unit mix supports strong long term tenancy and rental upside. The units are very large with a building size of nearly 9,000 sq ft. -This is best priced per foot asset in recent history of Studio City. - Day one cap rate of 5 % rental upside of nearly 25% -along with a sub $300k price per unit- make all the metrics here very attractive - This property is priced to sell. Ownership has been caring for this property since the 1980's. - Rarely do properties in this area come to market. Very constrained market. - Well kept and manicured property with updated units, new windows throughout, updated plumbing, ample parking in the rear for all 8 units. - ADU potential as the property has ample parking and a large 8700 sq ft lot. - Secured entry and beautiful courtyard. - On site laundry room. Studio City is one of the San Fernandos Valley's most desirable rental submarkets. Strong demand driven by proximity to major studios and entertainment employers. Easy access to Ventura Blvd , Hollywood and the Westside. Upscale neighborhood with consistent long - term tenant appeal.
Location
State CA
County Los Angeles
Area Stud - Studio City
Zoning LAR3
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Exterior
Parking Features Carport
Building
Story 2
New Construction No
Others
Special Listing Condition Standard
Listed by Alex Galuz Keller Williams Realty Calabasas #01291486
Bought with OUT OF AREA MONTE BELLO NON MEMBER - OUT OF AREA
Bought with OUT OF AREA MONTE BELLO NON MEMBER - OUT OF AREA
NEARBY SCHOOL & BUSINESS
1420 Kettner Blvd Ste 100, San Diego, California, 92101, USA