4455 Bakman Avenue

    Studio City, CA 91602
    • $1,945,000
    • STATUS: Active
    • ON SITE: 5 days
    • ID#: SR18168211
    New On Site 5 Days Ago
    UPDATED: 17 min ago
    $1,945,000
    • 0
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,206
      SQFT
    • $374
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1958
    County:

    School Ratings & Info

    Description

    We are proud to represent this 6-unit apartment building in Studio City.The building was constructed in 1958. Its unit mix consists of (1) three-bedroom, two-bathroom single family home, (1)two-bedroom, one-bathroom unit,and (4) one-bedroom, one-bathroom units. With a lot size of 9,953 square feet, theproperty has a total of 5,206 rentable square feet.The property, which is situated among multi-million dollar properties, is situated in a prime Studio City area. Itssurrounding area features established character homes and quiet tree-lined streets, and is within walking distance toWoodbridge Park and Tujunga Village. It is also near Ventura Boulevard, which boasts a variety of trendy shops andstylish food spots. Aside from its urban attractions, Studio City residents also have access to woodsy hiking trails whichhave great, panoramic views of the San Fernando Valley. Studio City has easy access to the 101, 134, 170, 405, and 5freeways, and therefore is a great location within the greater Los Angeles area.It has tremendous upside in rents, and has undergone recent upgrades, including upgraded electrical and copperplumbing and is completely turnkey. There are four enclosed garages and owner owned laundry machines on site. Theproperty is over a 6 cap on market rents which doesn't exist in this location.It is separately metered for gas and electricity.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-18T19:31:20.047. 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/85560531

    4455 Bakman Avenue Studio City, CA 91602

    • Price: $1,945,000
    • Status: Active
    • Updated: 17 min ago
    • ID#: SR18168211
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    5,206
    SQFT
    $374
    $/SQFT
    1958
    Built
    Neighborhood:
    STUD - Studio City
    County:
    Los Angeles
    Area:
    STUD - Studio City
    Property Description
    We are proud to represent this 6-unit apartment building in Studio City.The building was constructed in 1958. Its unit mix consists of (1) three-bedroom, two-bathroom single family home, (1)two-bedroom, one-bathroom unit,and (4) one-bedroom, one-bathroom units. With a lot size of 9,953 square feet, theproperty has a total of 5,206 rentable square feet.The property, which is situated among multi-million dollar properties, is situated in a prime Studio City area. Itssurrounding area features established character homes and quiet tree-lined streets, and is within walking distance toWoodbridge Park and Tujunga Village. It is also near Ventura Boulevard, which boasts a variety of trendy shops andstylish food spots. Aside from its urban attractions, Studio City residents also have access to woodsy hiking trails whichhave great, panoramic views of the San Fernando Valley. Studio City has easy access to the 101, 134, 170, 405, and 5freeways, and therefore is a great location within the greater Los Angeles area.It has tremendous upside in rents, and has undergone recent upgrades, including upgraded electrical and copperplumbing and is completely turnkey. There are four enclosed garages and owner owned laundry machines on site. Theproperty is over a 6 cap on market rents which doesn't exist in this location.It is separately metered for gas and electricity.
    Exterior Features

    Garage Spaces 4.00 Lot Features 0-1 Unit/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 4.00 Pool Features None Pool Private YN No Property Attached YN Yes

    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 2+ Common Walls Laundry Features Community

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Curbs Country Us Electric Expense 4200.00 Elevation Units Feet Fuel Expense 900.00 Gross Income 7916.00 Gross Scheduled Income 94992.00 Insurance Expense 2691.00 Land Lease YN No Laundry YN Yes Net Operating Income 61557.00 New Taxes Expense 23204.00 Number Of Separate Electric Meters 7 Number Of Separate Gas Meters 7 Number Of Separate Water Meters 1 Operating Expense 35835.00 Professional Management Expense 0.00 Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Total Expenses 35835.00 Trash Expense 1260.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Lar1

    Listing provided courtesy of Cindy Hill of Keller Williams Realty-Studio.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-18T19:31:20.047. 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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