$3,200,000
$3,200,000
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13018 Valleyheart DR Studio City, CA 91604
7,232 SqFt
Key Details
Sold Price $3,200,000
Property Type Other Types
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 7,232 sqft
Price per Sqft $442
MLS Listing ID SR21187200
Sold Date 11/12/21
Construction Status AdditionsAlterations
HOA Y/N No
Year Built 1961
Lot Size 9,247 Sqft
Acres 0.2123
Property Description
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.
Location
State CA
County Los Angeles
Area Stud - Studio City
Zoning LAR3
Rooms
Ensuite Laundry WasherHookup, GasDryerHookup, LaundryRoom
Interior
Interior Features TileCounters, Unfurnished, WalkInClosets
Laundry Location WasherHookup,GasDryerHookup,LaundryRoom
Heating NaturalGas, WallFurnace
Cooling Electric, WallWindowUnits
Flooring Concrete, Vinyl
Fireplace No
Appliance GasOven, GasWaterHeater, Refrigerator, WaterHeater, Dryer, Washer
Laundry WasherHookup, GasDryerHookup, LaundryRoom
Exterior
Exterior Feature Lighting
Garage Assigned, Asphalt, DetachedCarport, Driveway, OnSite, OnStreet
Garage Spaces 2.0
Garage Description 2.0
Fence Block, ChainLink, GoodCondition, StuccoWall
Pool None
Community Features Valley
Utilities Available CableAvailable, ElectricityConnected, NaturalGasConnected, PhoneAvailable, SewerConnected, WaterConnected, OverheadUtilities
View Y/N No
View None
Roof Type Asphalt,Flat
Parking Type Assigned, Asphalt, DetachedCarport, Driveway, OnSite, OnStreet
Total Parking Spaces 2
Private Pool No
Building
Lot Description StreetLevel
Story 2
Entry Level Two
Foundation Slab
Sewer PublicSewer
Water Public
Architectural Style Contemporary
Level or Stories Two
New Construction No
Construction Status AdditionsAlterations
Others
Senior Community No
Tax ID 2375020026
Security Features SmokeDetectors
Energy Description 1440.0
Acceptable Financing Cash, Item1031Exchange
Listing Terms Cash, Item1031Exchange
Financing Cash
Special Listing Condition Standard
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Bought with Mike Monteleone • Monteleone Real Estate,Inc