11975 Laurelwood Dr - Apartments FOR SALE


Studio City, CA 91604
$4,900,000 USD
213-305-9026
11975 Laurelwood Dr, Studio City, CA for Sale
$4,900,000 USD
Apartments - FOR SALE
1/7
null | 5.8% Cap Rate

11975 Laurelwood Dr
Studio City, CA 91604


HIGHLIGHTS

  • 16 Units - South of the Blvd. in Studio City Hills | Outstanding Valley Views From Each Apartment
  • Dramatic Valley Views from Each Unit | Huge Patios
  • Well Over 20% Embedded Rent Upside | Straightforward Rent Upside Opportunity
  • One Block from Radford Center Studios - Planned 1 Billion Dollar Modernization with 8,076 New Jobs and 19,750 New Jobs Countywide
  • Onsite Laundry and 17 Parking Spaces
  • Immediate Proximity to Ventura Blvd. & Ventura Place -feat. Joan's on 3rd, Alfred Coffee, Trader Joe's,etc.

OVERVIEW

16 Units | 11975 Laurelwood Drive | Studio City 91604 Every Unit Features Dramatic Valley Views One of the Few South of the Blvd. Properties with Commanding Panoramic Valley Views Highly Desired Multifamily located on one of the best streets in Studio City. Just one block to Ventura Place & Ventura Blvd., Radford Studios and highly sought-after Carpenter Community Charter School District. * Strong value-add opportunity. Below-market rents present significant upside potential. Rare opportunity to maximize income in a premium Studio City location * Large Units Comprised of 1-bedroom, 2-bedroom, and 3-bedroom Units. * All Units have large balconies with sweeping hillside views. * Parking for 17 Vehicles * Immediate Proximity to Trader Joe's, Joan's on Third, Alfred Coffee Rare Studio City Location - Located south of the Boulevard, perched above Studio City, the property benefits from immediate proximity to key entertainment destinations and economic drivers. Contact Listing Agents for More Information and to Schedule a Tour

FOR SALE DETAILS

PRICE

$4,900,000 USD

PRICE/SF

$325 USD /SF

# OF UNITS

16

PRICE/UNIT

$306,250

CAP RATE

5.8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Unreal Panoramic Views

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1962

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

31,049 SF

ZONING

R3, Los Angeles

APN/PARCEL ID

2369-017-015

ASK ABOUT THIS PROPERTY

Rich JohnsKW CommercialMore Info
213-305-9026

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Rich JohnsKW CommercialMore Info
213-305-9026

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