For sale 20 units located at 12100 Valley Spring Lane in prime Studio City, California. For more information please contact the listing agent, Jonathan Erster 818-212-2724 Jonathan.Erster@marcusmillichap.com

Posted: 05/12/2020 8:03 pm | On HOMEiZ: 1449 days | Updated: 3 years ago | Views: 709

Location Map

Property Type

Property status

Sold

Property Price

Asking Price

$7900000

Last Sold Price

$7900000

Last Sold Date

05/12/2020

Total Lot Size

13,164.00 Sq. Ft.

Asking Price per Sq. Ft.

$387

Total Building Size Sq. Ft.

20392

Commission Split %

Contact listing agent%

Cap Rate %

4.42%

Gross Annual Income

Net Operating Income

$349180

Gross Rent Multiplier

14.03

Annual Property Tax Rate for this property

0.755%

Property tax total amount

$59645

Property Location & Description

Listing Headline

For sale 20 units located at 12100 Valley Spring Lane in prime Studio City, California. For more information please contact the listing agent, Jonathan Erster 818-212-2724 Jonathan.Erster@marcusmillichap.com

Rent control

Rent Control

Property Description

Built in 1965, the offering consists of 10- one bed / one bath, 8- two bed / two bath and 2- three bed / two bath units.

Location Description

Property locate in prime Studio City, California.

No. of Units

Price per Unit

$395000

Units Mix

No.

Description

No. Units

Sq. Ft.

Avg. Mo. Rent

1+1

683

$1729

2+2

1031

$2186

3+2

1335

$2631

APN / Parcel ID

236-7014-036

Zoning

LAR4

Occupancy %

100%

Construction Type

Wood & Stucco

No. Stories

Year Built

1965

Overall Property Condition

Good

Highlights

Built in 1965 with 11 of 20 Units Renovated.

Estimated 21% Upside in Rents.

Seismic Retrofit Complete.

Prime Studio City Location.

Property Information

Amenities

Pool

Sewer

Type of Sewer

Sewer System (Public)

Parking

Parking type

Off-street

On-street

Assigned Parking

Investment Overview

Type of use

Investor

Energy Efficiency

Energy Star Certified

How old is you cooling and heating system?

No Data

Efficiency rating

N/A

R-value

N/A

Windows single-pane?

Natural daylight

Appliances energy efficient

Roof

Neighborhood lifestyle

Lifestyle

Urban Core

More information

MLS URL of this listing to link to your own site or brokerage site

20560474

Listing Info

Listing ID: 2285

Sold

For Sale

$7,900,000

Listing Presented by

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12100 Valley Spring Lane . Studio City , CA 91604