11966 Moorpark Street, LOS ANGELES, CA 91604 (MLS# 21-1009)

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11966 Moorpark Street, LOS ANGELES, CA 91604

$6,700,000

Property Type: Res Inc Status: Closed

Current Price: $6,700,000 List Date: 3/19/2021 Last Modified: 9/15/2024

Overview

Description

Excellent value-add opportunity with a great location in Studio City. Two adjacent properties (APN - 2368-009-044 & 2368-009-043) totaling 20 units. 8 units located at 11974 Moorpark St and 12 units located at 11966 Moorpark St with only 25% of the units updated and 5 vacancies, allows for a potential investor to collect immediately on market rents as well as the potential to update units. This rarely available property provides covered parking and storage for tenants. The Earthquake retrofit has recently been completed. Close proximity to HWY 101, 134, & 170 and minutes away from Vons, Trader Joes, and a Village Market. Tenants also have their choice of a number of food and beverage amenities, making it a easy and convenient location.

Listing Details MLS# 21-1009

Location Info

District: 97 - OUT OF AREA
Street #: 11966
Street Name: Moorpark
Street Suffix: Street
State: CA
Country: US
Postal Code: 91604
County: Los Angeles
Parcel Number: 000-000-000
Cross Street: Laurel Canyon Blvd

Contract Info

Price: 5195000
Buyers Agent $/%: 2
Begin Date: 2021-03-19

Status Information

Sold Date: 2021-04-21
Under Contract Date: 2021-03-24

Property Information

Number of Units: 20
Year Built: 1953
Recurring Fees: No

Remarks

Hot Sheet Comment: new

Owner Info

Deposit: 3

More Information

Unit 1

# Units: 20
# Bedrooms: 25
# Baths: 20
Furnished: N
Rent: 30799.91
Monthly Total: 30799.91
# Half Baths: 0

Neighborhood/Schools

Elementary School: Other
Junior High School: Other
High School: Other

Laundry

Bldg: Yes

Income/Expenses

Annual Income: 369598.92
Capitalization Rate: 3.94

Heating

GFA: Yes

Zoning

Other: Yes

Terms

Cash: Yes
Conventional: Yes

Listing Type

ER: Yes

Parking Info

Carport: Yes

Property Features

Parking Info: Carport; Carport Laundry: Bldg Heating: GFA Zoning: Other Terms: Cash; Conventional Listing Type: ER

Listing Office: Radius Group Commercial R.E.

Last Updated: September - 15 - 2024

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