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11975 Laurelwood Dr 16 Unit Apartment Building $5,100,000 ($318,750/Unit) 5.50% Cap Rate Studio City, CA 91604
INVESTMENT HIGHLIGHTS
- 16 Units - Premier Studio City Hills | South of Ventura Blvd.
- Immediate Proximity to Ventura Blvd. & Ventura Place -feat. Joan's on 3rd, Alfred Coffee, Trader Joe's,etc.
- Onsite Laundry and 17 Parking Spaces
- Units Have Large Balconies and City / Treetop Views
- One Block from Radford Center Studios - Planned 1 Billion Dollar Modernization with 8,076 New Jobs and 19,750 New Jobs Countywide
- Contact Listing Agents for More Information and to Schedule a Tour
EXECUTIVE SUMMARY
16 Units | 11975 Laurelwood Drive | Studio City 91604
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
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
PROPERTY FACTS
| Price | $5,100,000 | Apartment Style | Low-Rise |
| Price Per Unit | $318,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.71 AC |
| Cap Rate | 5.50% | Building Size | 15,856 SF |
| Gross Rent Multiplier | 11.2 | Average Occupancy | 100% |
| No. Units | 16 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1962 |
| Property Subtype | Apartment | Parking Ratio | 1.07/1,000 SF |
| Zoning | R3, Los Angeles | ||
| Price | $5,100,000 |
| Price Per Unit | $318,750 |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| Gross Rent Multiplier | 11.2 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.71 AC |
| Building Size | 15,856 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1962 |
| Parking Ratio | 1.07/1,000 SF |
| Zoning | R3, Los Angeles |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Range
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 3 | - | - |
| 2+2 | 3 | - | - |
| 2+1 | 6 | - | - |
| 1+1 | 4 | - | - |
1 1
Walk Score®
Very Walkable (86)
PROPERTY TAXES
| Parcel Number | 2369-017-015 | Improvements Assessment | $1,115,128 |
| Land Assessment | $2,509,045 | Total Assessment | $3,624,173 |
PROPERTY TAXES
Parcel Number
2369-017-015
Land Assessment
$2,509,045
Improvements Assessment
$1,115,128
Total Assessment
$3,624,173
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11975 Laurelwood Dr
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