Studio City, CA 91604 12918 Valleyheart Dr
$3,695,000
Presented By: Gary Fox with Miller & Desatnik Realty Co.
Home Details
Major Price Reduction!!! Price reduced by $295,000. 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.
Presented By: Gary Fox with Miller & Desatnik Realty Co.
Interior Features for 12918 Valleyheart Dr
Bedrooms
Total Bedrooms18
Bathrooms
1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths12
Other Interior Features
LivingAreaSourceAssessor
Heating Y/NYes
Total Stories2
General for 12918 Valleyheart Dr
AppliancesRefrigerator
Cap Rate3.68
CityStudio City
CountyLos Angeles
Days on Market28
Directions1 block North of Ventura Blvd. & 1/2 block West of Coldwater Canyon Ave.
Gross Income261996
HOA / Comm AssnNo
HeatingWall Furnace
LevelsTwo
Lot Size Square Feet17480
Lot Size UnitsSquare Feet
MLS AreaSTUD - Studio City
Net Operating Income135900
New ConstructionNo
NumberOfUnitsTotal12
Property TypeResidential Income
Senior Community Y/NNo
Standard StatusActive
StatusActive
Stories2
Year Built1954
Year Built SourceAssessor
ZoningLAR3
Exterior for 12918 Valleyheart Dr
Building Area Total9944
Lot Size Acres0.4013
Lot Size Area17480
Lot Size SourceAssessor
Number of Buildings2
Parking FeaturesCovered, Gated
Total Parking12
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480