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Unreal Panoramic Views 11975 Laurelwood Dr 16 Unit Apartment Building $4,900,000 ($306,250/Unit) 5.80% Cap Rate Studio City, CA 91604
Investment Highlights
- 16 Units - South of the Blvd. in Studio City Hills | Outstanding Valley Views From Each Apartment
- Well Over 20% Embedded Rent Upside | Straightforward Rent Upside Opportunity
- Onsite Laundry and 17 Parking Spaces
- Dramatic Valley Views from Each Unit | Huge Patios
- One Block from Radford Center Studios - Planned 1 Billion Dollar Modernization with 8,076 New Jobs and 19,750 New Jobs Countywide
- Immediate Proximity to Ventura Blvd. & Ventura Place -feat. Joan's on 3rd, Alfred Coffee, Trader Joe's,etc.
Executive Summary
16 Units | 11975 Laurelwood Drive | Studio City 91604
Every Unit Features Dramatic Valley Views
One of the Few South of the Blvd. Properties with Commanding Panoramic Valley Views
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
Every Unit Features Dramatic Valley Views
One of the Few South of the Blvd. Properties with Commanding Panoramic Valley Views
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 | $4,900,000 | Apartment Style | Low-Rise |
| Price Per Unit | $306,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.71 AC |
| Cap Rate | 5.80% | Building Size | 15,086 SF |
| Gross Rent Multiplier | 10.7 | 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 | $4,900,000 |
| Price Per Unit | $306,250 |
| Sale Type | Investment |
| Cap Rate | 5.80% |
| Gross Rent Multiplier | 10.7 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.71 AC |
| Building Size | 15,086 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
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
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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Unreal Panoramic Views | 11975 Laurelwood Dr
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