Homes for sale - 12073 Ventura PL, Studio City, CA 91604

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Ernie Caponera

ernie@newport-properties.com +1(714) 606-0926

$8,500,000

Est. payment - /mo

5,000 Sqft Lot

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UPDATED:

11/05/2024 08:37 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

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Listed by Mike Monteleone • Monteleone Real Estate,Inc • 818-917-1789

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California, 92625, USA

12073 Ventura PL Studio City, CA 91604