Listing IDSR21187200
Price$3,200,000
StatusActive Under Contract
SqFt 7,232
Acres 0.212
CountyLos Angeles
Year Built1961
Property TypeResidential Income
Property Sub TypeApartment
Rare Opportunity to acquire an 11 Unit Apartment Building in Prime Studio City- Class "A" Location. Approx. 7,232 sf building and Approx. 9,246 sf land Zoned R-3 and Ideal for Investor or Developer. Also, has Great Potential for Condominium project. Close to Ventura Blvd and Coldwater Canyon, shopping, transportation and minutes to Los Angeles, Hollywood, Beverly Hills. Soft Story Retrofit recently completed. Has a great unit mix with 2-2 Bedrooms, 8-1 Bedroom's and 1-Single. Unit #5 2 bedroom to be vacant by Oct.1 and Unit #3 1 bedroom possibly to be vacant by 1/1/22. Built in 1961 this Rent Controlled Building also has a tremendous upside in rents. No pending evictions and all paying tenants and on month to month tenancy. Separate meters with tenants paying own utilities. Covered parking for 13 cars. Washer & dryer plus 11 refrigerators and stoves included. Sold AS-IS! Buyer to cooperate with Seller in a 1031 Tax Deferred Exchange at no cost to Buyer.
© 2021. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Last updated Monday, October 25th, 2021.

Based on information from CARETS as of Monday, October 25th, 2021 05:25:16 PM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

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Listing courtesy of Mike Monteleone, DRE #00404713 from Monteleone Real Estate,Inc 818-917-1789

Contact - Listing ID SR21187200

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Bob Hurwitz

433 N. Camden Dr., 6th Floor
Beverly Hills, CA 90210
Phone: 310-477-8865
Phone Alt: 310-701-0880
Fax: 310-893-6417
Broker Email: [email protected]

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