11155 Aqua Vista St - Apartments FOR SALE


Studio City, CA 91602
$4,999,999 USD
818-657-6570
11155 Aqua Vista St, Studio City, CA for Sale
$4,999,999 USD
Apartments - FOR SALE
1/8
null | 4.47% Cap Rate

11155 Aqua Vista St
Studio City, CA 91602


OVERVIEW

Embrace the allure of Studio City, a coveted destination renowned for its upscale ambiance and proximity to the entertainment industry. Nestled near the property, Ventura Boulevard offers an array of renowned dining hotspots, trendy boutiques, and entertainment venues, providing a quintessential Los Angeles experience. This thriving locale is esteemed for its picturesque tree-lined streets, upscale residential enclaves, and accessibility to major studios, making it an enticing prospect for multifamily and high-rise investors seeking to capitalize on the area's prestige and desirability. With convenient access to the 101 freeway and the vibrant energy of the Studio City Farmers Market, this sought-after location presents an exceptional opportunity for those seeking to invest in the vibrant fabric of Los Angeles. This prime investment opportunity in Studio City is a spacious 12,108 SF building featuring 14 units, ideal as a multifamily investment. Constructed in 1988, this property is exempt from Los Angeles City RSO rent control. The vinyl wood plank, laminate flooring, and gas fireplaces provide both a modern finish and comfort, while the community rooftop patio with BBQ area offers a relaxing retreat. Residents will appreciate the convenience of controlled access, gated parking, on-premises coin laundry facilities, and central heating/air. With 100% occupancy, this neighborly and quiet property is ready for a savvy investor to make their mark.

FOR SALE DETAILS

PRICE

$4,999,999 USD

PRICE/SF

$426 USD /SF

# OF UNITS

14

PRICE/UNIT

$357,143

CAP RATE

4.47%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Adriana Arms Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1988

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,635 SF

ZONING

LAR3

APN/PARCEL ID

2366-018-030

ASK ABOUT THIS PROPERTY

Joe PenichKW CommercialMore Info
818-657-6570

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Joe PenichKW CommercialMore Info
818-657-6570

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.