12009 Hoffman St - Multi-Family FOR SALE


Studio City, CA 91604
$4,450,000 USD
213-305-9026
12009 Hoffman St, Studio City, CA for Sale
$4,450,000 USD
Multi-Family - FOR SALE
1/13
null | 4.82% Cap Rate

12009 Hoffman St
Studio City, CA 91604


HIGHLIGHTS

  • 12009 Hoffman Street is Located in a Premier Studio City Neighborhood and Only 1 Block to Ventura Blvd.
  • Attractive Unit Mix of Eleven (11) 2-Bedroom/2-Bathroom Units, With 2 Split-Level Loft-style Units
  • Highly Desired AB1482 Designation Offering 5% Plus CPI, in 2024 Offering an 8.8% Rent Increase Where Applicable.
  • Parking Available for Twenty-One (21) Vehicles
  • Building Amenity Package includes Common Area Laundry Facilities on Each Floor, Secured Entry, Gated Parking.
  • This Particular Block of Hoffman St is a Beautiful Tree Lined Street Featuring Numerous Amenities in Short Walking Distance

OVERVIEW

KW Commercial is pleased to present 12009 Hoffman Street, Studio City, CA (91604),an 11-unit apartment building that was developed and has been owned and operated by the same family since its construction in 1990. 12009 Hoffman Street holds the highly sought-after AB1482 status, meaning it is not subject to the LA City RSO. AB1842 designation offers 5% rent increases plus CPI. In 2024, this designation offered an 8.8% annual rent increase where applicable. 12009 Hoffman Street, built in 1990 and comprised of 14,004 SF of improvements, features oversized 2 Bedroom + 2 Bathroom apartments with balconies, secured entry, and manicured landscaping. The offering is situated on a parcel measuring 7,741 square feet and offering residents secure gated parking.

FOR SALE DETAILS

PRICE

$4,450,000 USD

PRICE/SF

$318 USD /SF

# OF UNITS

11

PRICE/UNIT

$404,545

CAP RATE

4.82%

% LEASED

91%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

11 Units - Studio City | Non-RSO | Built 1990

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1990

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,742 SF

ZONING

R3-1-RIO

APN/PARCEL ID

2368-003-005

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.