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yourdomain > San Fernando Valley > house/condo > $2,775,000 / 6364ft2 - 7 Unit Apartment in Heart of Studio City! Tremendous Upside! (Studio City)

$2,775,000 / 6364ft2 - 7 Unit Apartment in Heart of Studio City! Tremendous Upside! (Studio City)

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Posted : Sunday, August 25, 2024 11:47 AM

4087 Tujunga Ave, Los Angeles, CA 91604 7-unit multi-family asset nestled in the heart of Studio City, the most coveted submarket within the vibrant San Fernando Valley.
Boasting a diverse unit mix including 3, 2, 1-bedroom, and Studio layouts, each recently renovated with sleek modern appliances and luxurious hardwood floors, this property epitomizes contemporary living at its finest.
Strategically located at the base of the illustrious Hollywood Hills and mere minutes away from major production studios, this locale possesses an undeniable allure, drawing a wide array of desired tenants and ensuring rapid occupancy for any vacant units.
-7 UNITS units.
-Great Unit Mix! 1x (3 Bed / 2 Bath), 3x (2 Bed / 1Bath), 2x (1 Bed/1 Bath), 1x (Studio) -Prime Studio City Location +Carpenter School District -Tremendous Rental Upside across ALL Units •ADDITIONAL INFO• Property Type: Multifamily Subtype: Apartment Building Investment Type: Value Add Square Footage: 6,364 Price/Sq Ft $436.
05 Cap Rate 4.
07% Pro-Forma Cap Rate 6.
04% NOI $112,881 Pro-Forma NOI$167,481 Units 7 Year Built1964 Year Renovated2022 Buildings 1 Stories 2 Zoning R3-1-RIO Lot Size (sq ft) 6,041 Parking (per unit) 7 APN show contact info Price/Unit $396,428.
57 Ground Lease No Sale Condition 1031 exchange DRE#02152274

• Phone : NA

• Location : 4087 near Tujunga ave, Studio City,CA

• Post ID: 9011812111


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