Residential Income Details
NEW AMAZING PRICE!!! 11755 Moorpark is a fourplex in the ultra-exclusive, celebrity-studded town of Studio City, which is home to only 162 duplexes, triplexes and fourplexes. A property like this one is extremely rare and hard to come by. In addition to the location being unbeatable, the property itself is absolutely exquisite. Words simply can’t do it justice. Take a look at the pictures to truly grasp each units’ elegance. The style of the building can best be described as luxurious retro. At a new price of $1,799,000 and a cap rate of 4.09%, this is best deal in Studio City in years! There is massive upside with a pro forma cap rate of 5.42%!
The building is made up of one 2 bedroom, 2 bathroom unit with a market rent of $3,300, one 2 bedroom, 1 bathroom unit with a market rent of $3,200, and two 1 bedroom, 1 bathroom units with market rents of $2,100. The units come with full dining rooms, fully updated kitchens and bathrooms, spacious floorplans, a shared patio, a common area laundry room, and two 2-car garages.
Additionally, 11755 Moorpark is located on a corner lot that is zoned LAR3. This property really fires on all cylinders!
|Number of Units||4|
|Listing Brokerage||The 2-4 Unit Specialists|
|Listing Agent||Elizabeth Maddox|
|Listing Agent BRE #||01921425|
|Appliances||Dishwasher,Freezer,Garbage Disposal,Gas Oven,Gas Range,Gas Stove,Refrigerator|
Based on information from California Regional Multiple Listing Service, Inc. as of Tuesday, September 11, 2018.
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.
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