12325 Moorpark Street

    Studio City, CA 91604
    • $4,495,000
    • STATUS: Active
    • ON SITE: 16 days
    • ID#: 19505878
    UPDATED: 78 min ago
    $4,495,000
    • 0
      BEDS
    • 0.32
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 12,964
      SQFT
    • $347
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1970
    County:

    School Ratings & Info

    Description

    We are pleased to present the opportunity to acquire a 12 unit multifamily building in the heart of Studio City. 12325 Moorpark Street is centrally located between Laurel Canyon Blvd and Whitsett and just 3 blocks North of Ventura Blvd. The two-story property was originally built in 1970 and is approximately 12,960 sqft. The 12 units are made up of eight (8) two-bedroom/two-bathroom and four (4) one-bedroom/one-bathroom units. There are 15 total parking spaces with ample street parking. The property has also recently undergone completion of all soft-story retrofitting.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-19T08:29:48.883. 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 deemed reliable but is not guaranteed accurate by the MLS or The Bob Kelly Team | Berkshire Hathaway Home Services Ca. Properties. Licensed in the State of California, USA.
    www.bobkellyteam.com/homes/98575157

    12325 Moorpark Street Studio City, CA 91604

    • Price: $4,495,000
    • Status: Active
    • Updated: 78 min ago
    • ID#: 19505878
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.32
    Acres
    12,964
    SQFT
    $347
    $/SQFT
    1970
    Built
    Neighborhood:
    STUD - Studio City
    County:
    Los Angeles
    Area:
    STUD - Studio City
    Property Description
    We are pleased to present the opportunity to acquire a 12 unit multifamily building in the heart of Studio City. 12325 Moorpark Street is centrally located between Laurel Canyon Blvd and Whitsett and just 3 blocks North of Ventura Blvd. The two-story property was originally built in 1970 and is approximately 12,960 sqft. The 12 units are made up of eight (8) two-bedroom/two-bathroom and four (4) one-bedroom/one-bathroom units. There are 15 total parking spaces with ample street parking. The property has also recently undergone completion of all soft-story retrofitting.
    Exterior Features

    Lot Size Units Square Feet Parking Features Other Parking YN Yes

    Interior Features

    Appliances None Appliances YN No Cooling Central Air Cooling YN Yes Laundry Features None

    Property Features

    Cap Rate 3.93 Electric Expense 16500.00 Gross Income 22134.00 Gross Multiplier 17.00 Gross Operating Income 261346.00 Gross Scheduled Income 265608.00 Improvements Amount 1295243 Insurance Expense 6900.00 Land Value 1589617 Laundry Income 1050.00 Laundry YN No Maintenance Expense 2400.00 Net Operating Income 176953.00 Pest Control Expense 840.00 Pool Expense 1020.00 Special Listing Conditions Standard Total Expenses 84393.00 Trash Expense 5208.00 Zoning Lar3

    Listing provided courtesy of Roy Harel of Keller Williams Hollywood Hill and Arin Gharibian of Keller Williams Hollywood Hill


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-19T08:29:48.883. 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 deemed reliable but is not guaranteed accurate by the MLS or The Bob Kelly Team | Berkshire Hathaway Home Services Ca. Properties. Licensed in the State of California, USA.
     
    The Bob Kelly Team | Berkshire Hathaway Home Services Ca. Properties
    8898 La Mesa Blvd.
    La Mesa CA, 92042