12942 Moorpark Street

    Studio City, CA 91604
    • $1,975,000
    • STATUS: Closed
    • ON SITE: 133 days
    • ID#: 18312200
    Sold - 05/04/2018
    $1,975,000
    SOLD - 05/04/2018
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,642
      SQFT
    • $425
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1958
    County:

    School Ratings & Info

    Description

    12942 Moorpark St, Studio City is a 6 unit apartment building located on Moorpark just steps from Coldwater Canyon in a very desirable, pride of ownership area of Studio City. It is walking distance to businesses, shops, and restaurants. It has a favorable unit mix of three 2-bed + 1-bath and three 1-bed + 1-bath with detached parking for each unit behind the building and NO soft story seismic retrofitting needed! This building is a great investment with stable, predictable cash flow in a highly appreciating, pride of ownership area. Below market rents offer huge upside potential. it would be an excellent development opportunity with it's high density R3 zoning. With two of the 2+1 units delivered vacant it would also be a great place for a family to live in while collecting rent from the rest of the units. It's priced to sell and with the low inventory and upside potential it will go fast. Contact me to make an offer.

    Sold by Norair Aprahamian of Pwr Properties.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-24T15:27:49.687. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.themarellygroup.com/homes/80672442

    12942 Moorpark Street Studio City, CA 91604

    • Price: $2,050,000
    • Status: Closed
    • Updated: 18 min ago
    • ID#: 18312200
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    4,642
    SQFT
    $425
    $/SQFT
    1958
    Built
    Neighborhood:
    STUD - Studio City
    County:
    Los Angeles
    Area:
    STUD - Studio City
    Property Description
    12942 Moorpark St, Studio City is a 6 unit apartment building located on Moorpark just steps from Coldwater Canyon in a very desirable, pride of ownership area of Studio City. It is walking distance to businesses, shops, and restaurants. It has a favorable unit mix of three 2-bed + 1-bath and three 1-bed + 1-bath with detached parking for each unit behind the building and NO soft story seismic retrofitting needed! This building is a great investment with stable, predictable cash flow in a highly appreciating, pride of ownership area. Below market rents offer huge upside potential. it would be an excellent development opportunity with it's high density R3 zoning. With two of the 2+1 units delivered vacant it would also be a great place for a family to live in while collecting rent from the rest of the units. It's priced to sell and with the low inventory and upside potential it will go fast. Contact me to make an offer.
    Exterior Features

    Lot Size Units Square Feet

    Interior Features

    Laundry Features See Remarks

    Property Features

    Gross Multiplier 16.80 Gross Operating Income 118332.00 Improvements Amount 342078 Land Value 205436 Laundry YN Yes Net Operating Income 77215.00 Special Listing Conditions Standard Total Expenses 41117.00 Zoning Lar3

    Listing provided courtesy of Marcie Graham of Mg Realty Investment, Inc..


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-24T15:27:49.687. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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    Bonsall CA, 92003