12934 Valleyheart Dr Studio City, CA 91604
Pending
$2,695,000
9%
8 Units
12 Beds
8 Baths
6,469 Area(sq.ft.)
11,388 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 2 | 1 | 2 | 1 | No | $ 1,946 | $ 1,946 | $ 1,946 |
| Unit 3 | 1 | 1 | 1 | No | $ 1,866 | $ 1,866 | $ 1,866 |
| Unit 4 | 1 | 1 | 1 | No | $ 1,550 | $ 1,550 | $ 1,550 |
| Unit 5 | 1 | 2 | 1 | No | $ 2,499 | $ 2,499 | $ 2,499 |
| Unit 6 | 1 | 2 | 1 | No | $ 2,598 | $ 2,598 | $ 2,598 |
| Unit 7 | 1 | 1 | 1 | No | $ 2,236 | $ 2,236 | $ 2,236 |
| Unit 8 | 1 | 1 | 1 | No | $ 2,236 | $ 2,236 | $ 2,236 |
| 8 | 8 | 12 | 8 | $ 17,356 | $ 17,356 | $ 17,356 |
| MLS #: | 24-391213 |
| Days On Market: | 219 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 417 |
| Price per unit: | $ 336,875 |
| Year Built: | 1954 |
Property Details
MAJOR PRICE REDUCTION!!! 12934 Valleyheart Dr. is an 8 unit apartment building located in the heart of Studio City, one of the most sought after locations in the San Fernando Valley. Constructed in 1954, the building has an excellent mix of units consisting of 4 - One Bed + One Bath Units and 4 - Two Bed + One Bath Units. These charming units are equipped with amenities including wall air conditioning, balconies, covered/gated parking, and secured entry. The building is 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. The building is being sold with 12914 Valleyheart Dr. & 12918-12924 Valleyheart Dr. Buildings may be purchased together or separately. 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
| Vacancy Rate: | 6% |
| Gross Operating Income: | $ 202,984 |
| Total Annual Expense: | $ 81,241 |
| Net Operating Income: | $ 121,743 |
| Gross Annual Income: | $ 209,232 |
| Cap Rate: | 4.52% |
| Gross Rent Multiplier: | 12.88 |
Structure
| Type of Units: | Apartments |
| Buildings: | 1 |
| Levels: | Two |
Land & Parking
| Zoning: | LAR3 |
| Parking Garage: | Covered Parking, Gated |
Interior
| AC/Cooling: | Wall Unit(s) |
| Equipment: | Range/Oven |
| Heating: | Wall |
| Laundry Income: | 960.00 |
Exterior
Detailed Map
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