12073 Ventura Place
Studio City, CA 91604
0.11 acres | #SR24216062
Description
Probate Sale! Administrator has Full Authority to accept Offers. Offering a Mixed-Use, Commercial & Apartment Building Investment in Studio City-"A" location. Born out of the Entertainment Industry Studio City is regarded as "The Jewel of The Valley". It serves as the Gateway to Westside and Hollywood, attracting actors, writers and musicians. This Great opportunity is close to CBS Studios and minutes to Universal Studios and Burbank, which is the "Media Capital of the World". Ventura Place is just a short block from Iconic Ventura Blvd. This 4,164-sf building consists of: 6- Apartments plus 2- Retail Stores. McConnel's Ice Cream with renewal options plus Alfred Coffee who intends to renew. Both Commercial tenants pay CAM charges plus yearly rent increases. The 6-Apartments units are month to month with below market rents. First Time on the market in over 54 Years. A Solid Investment, 100% occupied, and ideal for 1031 Exchange.
Property Details
- Lot DescriptionNoLandscaping, RectangularLot, StreetLevel, Level
- Stories2
Measurements
- Acres0.1148
Construction Details
- Property TypePurchase
Condition
- Year Built1946
Utilities / Energy Details
- Utility FeaturesElectricityConnected, NaturalGasConnected, PhoneConnected
- Utility SourcePublic
Community and Neighborhood Details
- CountyLos Angeles
Financial Details
- Original List Price$8,500,000
Other
- MLS #SR24216062
Location
Legal
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Last Updated:Â . Source: CRMLS
Listing Courtesy
Listing Agent: Mike Monteleone (#F210006290)
Listing Office: Monteleone Real Estate,Inc (#F4220001)
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