11613 Moorpark Street

    Studio City, CA 91602
    • $4,750,000
    • STATUS: Active
    • ON SITE: 308 days
    • ID#: IN17231861
    UPDATED: 50 min ago
    $4,750,000
    • 0
      BEDS
    • 0.43
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 10,397
      SQFT
    • $457
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1953
    County:

    School Ratings & Info

    Description

    Amazing assemblage of 3 parcels on Moorpark. Currently, the property has (1) 5unit apartment building consisting of (2) 2/1 and (3) 1/1 on the parcel to the east.The two parcels to the west consist of various single story bungalow styleapartments. There are (2) 2/1 and (7) 1/1+GGs on the remaining 2 parcels. The Cityhas these 3 parcels as already having 7 independent site address.The property is well maintained and has been virtually 100% occupiedthroughout the years. It has a classic 1950+GGs feel with most all units having realhardwood floors and top notch appointments. Every unit is very nice inside andextremely well maintained. Each unit has it+GGs own tankless water heater andmajority of copper plumbingThis is a low density property located on prime R3 land. It is on the corner ofMoorpark and Troost with alley access. There are 11 enclosed garages that arededicated to various tenants include in their tenancy. Tons of opportunity tocollect rents while getting entitlements or profit from a future upside in rents.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-08-14T08:27:18.693. 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.
    www.playavistaliving.com/homes/77413509

    11613 Moorpark Street Studio City, CA 91602

    • Price: $4,750,000
    • Status: Active
    • Updated: 50 min ago
    • ID#: IN17231861
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.43
    Acres
    10,397
    SQFT
    $457
    $/SQFT
    1953
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Los Angeles
    Area:
    699 - Not Defined
    Property Description
    Amazing assemblage of 3 parcels on Moorpark. Currently, the property has (1) 5unit apartment building consisting of (2) 2/1 and (3) 1/1 on the parcel to the east.The two parcels to the west consist of various single story bungalow styleapartments. There are (2) 2/1 and (7) 1/1+GGs on the remaining 2 parcels. The Cityhas these 3 parcels as already having 7 independent site address.The property is well maintained and has been virtually 100% occupiedthroughout the years. It has a classic 1950+GGs feel with most all units having realhardwood floors and top notch appointments. Every unit is very nice inside andextremely well maintained. Each unit has it+GGs own tankless water heater andmajority of copper plumbingThis is a low density property located on prime R3 land. It is on the corner ofMoorpark and Troost with alley access. There are 11 enclosed garages that arededicated to various tenants include in their tenancy. Tons of opportunity tocollect rents while getting entitlements or profit from a future upside in rents.
    Exterior Features

    Garage Spaces 11.00 Lot Features Corner LotLawnLot 10000-19999 SqftValue In Land Lot Size Source See Remarks Lot Size Units Square Feet Parking Features AssignedGarage - Rear Entry Parking Total 13.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Laundry Features Community Levels Two

    Property Features

    Additional Parcels Description 23650020112365002010 Additional Parcels YN Yes Building Area Units Square Feet Community Features Urban Country Us Electric Expense 5026.00 Elevation Units Feet Fuel Expense 1200.00 Gardener Expense 1600.00 Gross Income 240900.00 Gross Scheduled Income 240900.00 Insurance Expense 7500.00 Land Lease YN No Laundry YN Yes Maintenance Expense 6000.00 Net Operating Income 166074.00 New Taxes Expense 52250.00 Number Of Separate Electric Meters 14 Number Of Separate Gas Meters 14 Number Of Separate Water Meters 14 Operating Expense 74826.00 Professional Management Expense 3600.00 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Tenant Pays Cable TvElectricityGas Total Expenses 74826.00 Trash Expense 1400.00 Vacancy Allowance Rate 3.00 Water Sewer Expense 2000.00 Water Source Public Year Built Source Assessor Zoning Lar3

    Listing provided courtesy of Eric Mcleod of Eric Mcleod.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-08-14T08:27:18.693. 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.
     
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