$1,800,000
$1,799,000
0.1%For more information regarding the value of a property, please contact us for a free consultation.
6,969 Sqft Lot
SOLD DATE : 10/17/2018
Key Details
Sold Price $1,800,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID BB18185418
Sold Date 10/17/18
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1949
Lot Size 6,969 Sqft
Property Sub-Type Quadruplex
Property Description
NEW AMAZING PRICE!!! 11755 Moorpark is a fourplex in the ultra-exclusive, celebrity-studded town of Studio City, which is home to only 162 duplexes, triplexes and fourplexes. A property like this one is extremely rare and hard to come by. In addition to the location being unbeatable, the property itself is absolutely exquisite. Words simply can’t do it justice. Take a look at the pictures to truly grasp each units’ elegance. The style of the building can best be described as luxurious retro. At a new price of $1,799,000 and a cap rate of 4.09%, this is best deal in Studio City in years! There is massive upside with a pro forma cap rate of 5.42%!
The building is made up of one 2 bedroom, 2 bathroom unit with a market rent of $3,300, one 2 bedroom, 1 bathroom unit with a market rent of $3,200, and two 1 bedroom, 1 bathroom units with market rents of $2,100. The units come with full dining rooms, fully updated kitchens and bathrooms, spacious floorplans, a shared patio, a common area laundry room, and two 2-car garages.
Additionally, 11755 Moorpark is located on a corner lot that is zoned LAR3. This property really fires on all cylinders!
Location
State CA
County Los Angeles
Area Stud - Studio City
Zoning LAR3
Interior
Interior Features Paneling/Wainscoting, Storage
Flooring Tile, Wood
Fireplace No
Appliance Dishwasher, Freezer, Gas Cooktop, Disposal, Gas Oven, Gas Range, Refrigerator
Laundry Common Area
Exterior
Parking Features Assigned
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Street Lights
View Y/N Yes
View Neighborhood
Total Parking Spaces 4
Private Pool No
Building
Lot Description Back Yard, Corner Lot, Lawn, Landscaped, Near Public Transit, Value In Land, Yard
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 2364010001
Acceptable Financing Submit
Listing Terms Submit
Financing Cash
Special Listing Condition Standard
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Bought with Reza Ghobadi • Reza Ghobadi
3750 Schaufele Ave Suite 270, Beach, California, 90808, United States