5
See all 5 photos
$7,000,000
Est. payment /mo
5,000 Sqft Lot
Price Dropped by $1.5M
12073 Ventura PL Studio City, CA 91604
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UPDATED:
12/22/2024 08:14 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR24216062
HOA Y/N No
Year Built 1946
Tax Year 2024
Lot Size 5,000 Sqft
Lot Dimensions Assessor
Property 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.
Location
State CA
County Los Angeles
Area Stud - Studio City
Zoning C2
Interior
Fireplace No
Laundry None
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected
Present Use Commercial
Building
Lot Description No Landscaping, Rectangular Lot, Street Level, Level
Story 2
Water Public
Others
Tax ID 2368002013
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Probate Listing
Listed by Mike Monteleone • Monteleone Real Estate,Inc • 818-917-1789