Residential Income – 12659 Moorpark St, Studio City, CA 91604, USA -001-11-30T00:00:00-08:00
Located on nearly an acre of park-like grounds, this 28-unit building sits just north of Ventura Blvd. In a prime pocket of Studio City. The location provides close proximity to restaurants, shopping, parks and freeways. The building has been lovingly mainta
12659 Moorpark St, Studio City, CA 91604, USA
$12,600,000 USD
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Address12659 Moorpark Street, Studio City
Price$12,600,000
Year Built1969
Bedrooms Total0
Living Area33,384
Lot Size (Sq.Ft.)35,458
Listing ID19437258
StatusPending
Parcel Number2362015015
ZoningLAR3
Special ConditionsStandard
Days on Market89

Detailed Description: Located on nearly an acre of park-like grounds, this 28-unit building sits just north of Ventura Blvd. In a prime pocket of Studio City. The location provides close proximity to restaurants, shopping, parks and freeways. The building has been lovingly maintained, and many of the units have been updated w / hard surface flooring, stainless-steel appliances and other amenities. All but four of the units have town-home style layouts, with the bedrooms located upstairs and the living spaces situated on the ground floor. Tongue-and-groove ceilings, exposed beams, and other mid-century period details, imbue the units with charm and character. The roof was replaced in 2015. Unit mix consists of fourteen 1 + 1 bath units, 10 2 + 2 units and four 3 + 2.5 bath units.

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Parking

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Address Information
Address12659 Moorpark Street, Studio City
Street SuffixStreet
CityStudio City
Location (MLS Area)STUD – Studio City
County Or ParishLos Angeles
State or ProvinceCA
Postal Code91604
Financial Information
Purchase Contract DateMarch 18, 2019
Price per Square Foot$377.43
Price per Lot Square Foot$355.35
Special ConditionsStandard
Total Expenses$249,491
Gross Operating Income$588,462
Net Operating Income$338,971
Gross Multiplier21%
Improvements Amount$1,936,626
Land Value$1,291,080
Tax Year2000
Full Descriptions
Parcel Number2362015015
Detailed DescriptionLocated on nearly an acre of park-like grounds, this 28-unit building sits just north of Ventura Blvd. In a prime pocket of Studio City. The location provides close proximity to restaurants, shopping, parks and freeways. The building has been lovingly maintained, and many of the units have been updated w / hard surface flooring, stainless-steel appliances and other amenities. All but four of the units have town-home style layouts, with the bedrooms located upstairs and the living spaces situated on the ground floor. Tongue-and-groove ceilings, exposed beams, and other mid-century period details, imbue the units with charm and character. The roof was replaced in 2015. Unit mix consists of fourteen 1 + 1 bath units, 10 2 + 2 units and four 3 + 2.5 bath units.
Laundry FeaturesSee Remarks
Parking FeaturesCarport
Property parameters
Year Built1969
Living Area (Sq.Ft.)33,384
Lot Size (Sq.Ft.)35,458
Lot Size (Acres)0.814
Number of Buildings1
Number of Units Total28
ZoningLAR3
Stories Total2
Units Total28
Listed withRyan Friedman (Ryan Friedman)