12073 Ventura Place, Studio City, CA 91604
  • MLS#: SR24216062 ( Mixed Use )
  • Street Address: 12073 Ventura Place
  • Viewed: 3
  • Price: $8,500,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1946
  • Bldg sqft: 0
  • Days On Market: 28
  • Additional Information
  • County: LOS ANGELES
  • City: Studio City
  • Zipcode: 91604
  • Provided by: Monteleone Real Estate,Inc
  • Contact: Mike Mike
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Probate Sale! Administrator has Full Authority to accept Offers. Offering a Mixed Use, Commercial & Apartment Building Investment in Studio City "A" location. Born out of the Entertainment Industry Studio City is regarded as "The Jewel of The Valley". It serves as the Gateway to Westside and Hollywood, attracting actors, writers and musicians. This Great opportunity is close to CBS Studios and minutes to Universal Studios and Burbank, which is the "Media Capital of the World". Ventura Place is just a short block from Iconic Ventura Blvd. This 4,164 sf building consists of: 6 Apartments plus 2 Retail Stores. McConnel's Ice Cream with renewal options plus Alfred Coffee who intends to renew. Both Commercial tenants pay CAM charges plus yearly rent increases. The 6 Apartments units are month to month with below market rents. First Time on the market in over 54 Years. A Solid Investment, 100% occupied, and ideal for 1031 Exchange.
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Features
Accountingtype
  1. Actual
Assetclass
  1. Multi-Family
  2. Retail
Building Area Total
  1. 4164.00
Commoninterest
  1. None
Country
  1. US
Current Financing
  1. Conventional
Current Use
  1. Commercial
Current Use Comments
  1. Commercial & 6-Apartments
Expense Year
  1. 2024
Insurance Expense
  1. 14780.00
Land Use
  1. Multi-Family
  2. Retail
Laundry Features
  1. None
Netoperatingincome
  1. 198295.00
Otherexpense
  1. 3000.00
Otherincome1
  1. 19572.00
Parcel Number
  1. 2368002013
Postalcodeplus4
  1. 2602
Property Type
  1. Mixed Use
Retail Square Footage
  1. 2000
Signage
  1. Sign on Building
Topography
  1. Level
Totalbuildingnra
  1. 4164
Totalexpenses
  1. 47561.00
Totalmonthlyrent
  1. 20488
Utilities
  1. Electricity Connected
  2. Natural Gas Connected
  3. Phone Connected
Water Sewer Expense
  1. 17011.00
Water Source
  1. Public
Year Built
  1. 1946
Year Built Source
  1. Assessor
Zoning
  1. C2