KW Commercial is proud to represent this 6-unit apartment building in Studio City.
The building was constructed in 1958. Its unit mix consists of (1) three-bedroom, two-bathroom single family home, (1) two-bedroom, one-bathroom unit,and (4) one-bedroom, one-bathroom units. With a lot size of 9,953 square feet, the property has a total of 5,206 rentable square feet.
The property, which is situated among multi-million dollar properties, is situated in a prime Studio City area. Its surrounding area features established character homes and quiet tree-lined streets, and is within walking distance to Woodbridge Park and Tujunga Village. It is also near Ventura Boulevard, which boasts a variety of trendy shops and stylish food spots. Aside from its urban attractions, Studio City residents also have access to woodsy hiking trails which have great, panoramic views of the San Fernando Valley. Studio City has easy access to the 101, 134, 170, 405, and 5 freeways, and therefore is a great location within the greater Los Angeles area.
It has tremendous upside in rents, and has undergone recent upgrades, including upgraded electrical and copper plumbing and is completely turnkey. There are four enclosed garages and owner owned laundry machines on site. The property is over a 6 cap on market rents which doesn't exist in this location.
It is separately metered for gas and electricity.
