4180 Arch Dr Studio City, CA 91604
Pending
$12,995,000
36 Units
60 Beds
60 Baths
30,364 Area(sq.ft.)
16,349 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 24 | 2 | 2 | No | $ 2,445 | $ 58,671 | $ 70,800 |
| Unit 2 | 12 | 1 | 1 | No | $ 1,928 | $ 23,136 | $ 28,200 |
| 2 | 36 | 60 | 60 | $ 81,816 | $ 1,685,736 | $ 2,037,600 |
| MLS #: | 24-441023 |
| Days On Market: | 45 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 428 |
| Price per unit: | $ 360,972 |
| Year Built: | 1990 |
Property Details
4180 Arch Drive, Studio City, CA 91604, is a well-maintained 36-unit multifamily property featuring 24 two-bedroom/two-bath units and 12 one-bedroom/one-bath units. Located on a quiet street off Arch and Ventura, this property is among only 24 buildings in Studio City, the top neighborhood in the San Fernando Valley, built after 1978 with 35 or more units. Falling under AB1482 rent control, it offers approximately 21% upside in rents. With its prime location in Studio City, renowned for its desirable lifestyle and amenities, this asset presents a compelling investment opportunity with significant rental growth potential in one of the most sought-after areas of the San Fernando Valley.Interested in this Listing?
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Income Details
| Vacancy Rate: | 3% |
| Gross Operating Income: | $ 963,920 |
| Total Annual Expense: | $ 324,187 |
| Net Operating Income: | $ 639,733 |
| Gross Annual Income: | $ 963,920 |
| Cap Rate: | 4.92% |
| Gross Rent Multiplier: | 13.08 |
| Actual Gross Rent: | $ 993,732 |
| Actual Rent Total: | $ 993,732 |
Structure
| Type of Units: | 2 |
| Buildings: | 1 |
| Levels: | Three Or More |
| Style: | Cape Cod |
Land & Parking
| Zoning: | LAR4 |
| Parking Garage: | Subterranean |
| Total Parking: | 60 |
Interior
| AC/Cooling: | Air Conditioning, Gas |
| Equipment: | Elevator, Dishwasher, Microwave, Washer, Refrigerator |
| Heating: | Fireplace, Central |
Exterior
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