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Key Details
Sold Price $7,125,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 23,973 sqft
Price per Sqft $297
MLS Listing ID CL23313083
Sold Date 12/27/23
HOA Y/N No
Year Built 1961
Lot Size 0.648 Acres
Acres 0.65
Property Description
The offering is a rare and attractive value add investment property located in Valley Village adjacent to Studio City. The property is situated in one of the trendiest neighborhoods in the San Fernando Valley, located just off of Laurel Canyon Blvd tenants are within close walking distance to a plethora of fine dining, shopping, and entertainment option. The asset is well maintained with little to no deferred maintenance and recent additions and upgraded copper plumbing. This is a brilliant opportunity for a savvy investor to acquire an ultra-prime Valley location with value-add potential of about 28%. There is an excellent unit mix consisting of eight (8) one (1)Bedroom / one (1) Bathroom units and, sixteen (16) two (2) Bedroom/ two (2) Bathroom units, very desirable for today's rental market. There is ample space for parking as well in the back of the building. Seismic Retrofit has been completed. All units are separately metered gas and electric and include their own private patio's. This valuable asset is available for sale for the first time in 50 Years!
Location
State CA
County Los Angeles
Area Listing
Zoning LAR3
Interior
Fireplace No
Appliance Dryer
Laundry Dryer
Building
New Construction No
Others
Tax ID 2355014026
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© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Bought with DavidSaghian