11975 Laurelwood Dr - Apartments FOR SALE


Studio City, CA 91604
$6,200,000 USD
310-922-6124
11975 Laurelwood Dr, Studio City, CA for Sale
$6,200,000 USD
Apartments - FOR SALE
1/10
null | 4.58% Cap Rate

11975 Laurelwood Dr
Studio City, CA 91604


HIGHLIGHTS

  • Stunning Panoramic Views
  • Steps to Ventura Blvd
  • Large Spacious Units
  • ADU Potential

OVERVIEW

Jake Plewa with Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, is pleased to offer for sale a timeless mid-century gem located steps off Ventura Blvd in prestigious Studio City. 11975 Laurelwood presents the unique opportunity to acquire a quintessential value-add property in one of the strongest rental locations in Los Angeles. Perched at the top of a hill with panoramic views of the entire San Fernando Valley, each unit has a terrific floor plan and offers an abundance of natural light. The property boasts an ideal unit mix for the area, consisting of all large three-bedroom three bath, two-bedroom two bath, two-bedroom one bath, and some one-bedroom one bath units. Other property features include a large pool and a pool room that can be converted to an ADU (Buyer to Verify), a well-landscaped facade, a charming sitting area, an on-site laundry room, and ample on-site parking, which is exempt from soft-story retrofit (Buyer to verify). Close to some of Los Angeles’ best dining, retail, and nightlife, this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and acquire a premier turnkey asset in one of the best rental locations in Studio City.

FOR SALE DETAILS

PRICE

$6,200,000 USD

PRICE/SF

$391 USD /SF

# OF UNITS

16

PRICE/UNIT

$387,500

CAP RATE

4.58%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

16 Units in Studio City with Panoramic views

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1962

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

30,928 SF

ZONING

R3, Los Angeles

APN/PARCEL ID

2369-017-015

ASK ABOUT THIS PROPERTY

Jake PlewaRE/MAX Commercial & Investment RealtyMore Info
310-922-6124

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Jake PlewaRE/MAX Commercial & Investment RealtyMore Info
310-922-6124

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