Residential Income Details
Prime Studio City Location just steps from Ventura Blvd. Rare Opportunity to acquire a classic Hacienda style 40 unit Apartment Building on R-4 high density property. This Complex was built in 1983 and is NOT subject to rent control allowing for significant and immediate rental upside. Well maintained and freshly painted this building features 40 Studio/Jr 1 Bedroom units which are ALWAYS in HIGH DEMAND. Present Owners have extensively remodeled 23 of the 40 units proving new rent rates. Upgrades included new paint, new wood floors, new tiled floors in kitchen and bath, new appliances, new bathrooms and more. All units have full kitchens with refrigerator, freestanding gas stove, microwave, stainless steel sink, garbage disposal and breakfast bar. Most units have gas fireplaces and nearly half have patios or balconies. Low maintenance building keeps expenses down. Community laundry on premises. Close to all Major Studios, Freeways and Metro. A “Once in a Life time” offering.
|Number of Units||40|
|Status||Active Under Contract|
|Listing Brokerage||Berkshire Hathaway HomeService|
|Listing Agent||Ellen Model|
|Listing Agent BRE #||00921430|
|Features||Ceiling Fan,Copper Plumbing Full,Laminate Counters,Open Floor Plan|
|Appliances||Garbage Disposal,Gas Range,Microwave,Refrigerator,Water Heater Central|
|Cooling||Wall Window,Heat Pump|
|Parking||Assigned,On Site,Parking Space,Side by Side|
Based on information from California Regional Multiple Listing Service, Inc. as of Friday, July 21, 2017.
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