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
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.
More Information MLS# 21-1009
Location Info
Country: US
Cross Street: Laurel Canyon Blvd
District: 97 - OUT OF AREA
Street #: 11966
Street Name: Moorpark
Street Suffix: Street
State: CA
Postal Code: 91604
County: Los Angeles
Parcel Number: 000-000-000
Contract Info
Buyers Agent $/%: 2
Current Price: $6,700,000
Price: 5195000
Begin Date: 2021-03-19
Status: Closed
Property Information
Year Built: 1953
Recurring Fees: No
Number of Units: 20
Neighborhood/Schools
Elementary School: Other
Junior High School: Other
High School: Other
Owner Info
Deposit: 3
Remarks
Hot Sheet Comment: new
Laundry
Bldg: 1
Unit 1
# Units: 20
# Bedrooms: 25
# Baths: 20
# Half Baths: 0
Furnished: N
Rent: 30799.91
Monthly Total: 30799.91
Income/Expenses
Annual Income: 369598.92
Capitalization Rate: 3.94
Heating
GFA: 1
Zoning
Other: 1
Terms
Cash: 1
Conventional: 1
Listing Type
ER: 1
Parking Info
Carport: 1
Status Information
Sold Date: 2021-04-21
Sold Price: $6,700,000
Under Contract Date: 2021-03-24
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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