13018 Valleyheart Drive, Studio City

$3,695,000

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3 Beds
3 Baths
.21 Acre
13 Garages

Pleased to present a rare and unique opportunity to own an 11 Unit Value-Add property in the heart of Studio City, walking distance to the Shops at Sportsman's Lodge on Coldwater Blvd and the countless attractions, restaurants, bars, and cafes on Ventura Blvd. With over 36% percent upside in rents and significant capital already invested by Seller, this is an ideal opportunity for a Buyer seeking capital preservation and appreciation in a Class A location. The unit mix consists of Two - 2 Bedroom Units, Eight - 1 Bedroom Units, and One - Studio. Building is also settled on nearly a 10K lot with No Soft Story Retrofit required while offering an ADU opportunity for the next Buyer.

Essential Information

MLS® #
BB24026130
Price
$3,695,000
Bedrooms
3
Bathrooms
3.00
Acres
0.21
Year Built
1961
Type
Residential Income
Sub-Type
Apartment
Status
Active

Community Information

Address
13018 Valleyheart Drive
Area
STUD - Studio City
City
Studio City
County
Los Angeles
Zip Code
91604
Community Features
Curbs
Senior Community
N

Amenities

Parking Spaces
13
# of Garages
13
Pool
None

Interior

# of Stories
2

Exterior

Lot Description
0-1 Unit/Acre

Additional Information

Date Listed
February 5th, 2024
Days on Market
89
Zoning
LAR3

Listing Details

Agent
David Nalbandyan
Office
LA Premier Realty
Property History
Status Changed from Pending to ActivePrice Reduced from $3,895,000 to $3,695,000
Status Changed from Active to Pending

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Based on information from California Regional Multiple Listing Service, Inc. as of May 19th, 2024 at 1:25am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.