12918 Valleyheart Dr Studio City, CA 91604
Pending
$3,595,000
10%
12 Units
18 Beds
12 Baths
9,944 Area(sq.ft.)
17,480 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 1 | No | $ 2,425 | $ 2,425 | $ 2,425 |
| Unit 10 | 1 | 1 | 1 | No | $ 1,871 | $ 1,871 | $ 1,871 |
| Unit 11 | 1 | 2 | 1 | No | $ 1,918 | $ 1,918 | $ 1,918 |
| Unit 12 | 1 | 1 | 1 | No | $ 1,888 | $ 1,888 | $ 1,888 |
| Unit 2 | 1 | 1 | 1 | No | $ 1,668 | $ 1,668 | $ 1,668 |
| Unit 3 | 1 | 2 | 1 | No | $ 2,000 | $ 2,000 | $ 2,000 |
| Unit 4 | 1 | 1 | 1 | No | $ 2,236 | $ 2,236 | $ 2,236 |
| Unit 5 | 1 | 2 | 1 | No | $ 1,569 | $ 1,569 | $ 1,569 |
| Unit 6 | 1 | 1 | 1 | No | $ 1,919 | $ 1,919 | $ 1,919 |
| Unit 7 | 1 | 2 | 1 | No | $ 1,950 | $ 1,950 | $ 1,950 |
| Unit 8 | 1 | 1 | 1 | No | $ 2,022 | $ 2,022 | $ 2,022 |
| Unit 9 | 1 | 2 | 1 | No | $ 2,033 | $ 2,033 | $ 2,033 |
| 12 | 12 | 18 | 12 | $ 23,499 | $ 23,499 | $ 23,499 |
| MLS #: | 24-391251 |
| Days On Market: | 219 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 362 |
| Price per unit: | $ 299,583 |
| Year Built: | 1954 |
Property Details
Major Price Reduction!!! 12918 & 12924 Valleyheart Dr. is a terrific 12 unit property consisting of two side by side 6 unit apartment buildings located in the heart of Studio City, one of the most sought after locations in the San Fernando valley. Built in 1954, the properties have an excellent mix of units consisting of 6 -One Bed + One Bath Units and 6 - Two Bed + One Bath Units. These charming units are equipped with amenities including wall air conditioning, balconies, covered/gated parking, and secured entry. The buildings are located on a beautiful tree lined street across from the Valleyheart Riverwalk. Tenants can enjoy close access to a variety of upscale shops, markets, and exercise facilities located at the nearby Shops at Sportsmen's Lodge. Property is being sold along with 12914 Valleyheart Drive + 12934 Valleyheart. Buildings may be purchased separately or all together. This is a rare opportunity for an investor to purchase a value-add income property in a great Studio City location.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Gross Operating Income: | $ 274,968 |
| Total Annual Expense: | $ 118,280 |
| Net Operating Income: | $ 156,688 |
| Gross Annual Income: | $ 283,428 |
| Cap Rate: | 4.36% |
| Gross Rent Multiplier: | 12.68 |
Structure
| Type of Units: | Apartments |
| Buildings: | 2 |
| Levels: | Two |
Land & Parking
| Zoning: | LAR3 |
| Parking Garage: | Covered Parking, Gated |
| Total Parking: | 12 |
Interior
| AC/Cooling: | Wall Unit(s) |
| Equipment: | Range/Oven, Refrigerator |
| Heating: | Wall |
| Laundry Income: | 1440.00 |
Exterior
Detailed Map
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