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    11145 Sunshine Terrace

    Studio City, CA 91604
    • $5,850,000
    • STATUS: Active
    • ON SITE: 251 days
    • ID#: 20613200
    UPDATED: 71 min ago
    $5,850,000
    • 0
      BEDS
    • 0.27
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 14,180
      SQFT
    • $413
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2009
    County:

    School Ratings & Info

    Description

    We are pleased to introduce 11145 Sunshine Terrace Avenue, located in Studio City, CA. This is rare opportunity for an investor to acquire a trophy 8-unit condominium building in the hills of Studio City, south of Ventura Blvd.This 2009 construction building is not subject to any state or city rent control laws. The rents are currently below market, and a new owner could step in and raise rents to market with relatively minimal work required. Furthermore, there are 3 recent vacancies that the Seller is leaving vacant for marketing purposes. A buyer can choose to rent these vacancies during escrow or close escrow with them vacant, depending on the buyer's investment strategy.These large 3 bedroom, 2.5 bath town-homes are individually condo mapped meaning each condo has its own APN and therefore can be sold separately in the future.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-12T19:29:54.337. 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 deemed reliable but is not guaranteed accurate by the MLS or Doherty Real Estate Group | eXp Realty of California, Inc.. Licensed in the State of California, USA.
    www.bestorangecountyhomesearch.com/homes/108522443
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    11145 Sunshine Terrace Studio City, CA 91604

    • Price: $5,850,000
    • Status: Active
    • Updated: 71 min ago
    • ID#: 20613200
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.27
    Acres
    14,180
    SQFT
    $413
    $/SQFT
    2009
    Built
    Neighborhood:
    STUD - Studio City
    County:
    Los Angeles
    Area:
    STUD - Studio City
    Property Description
    We are pleased to introduce 11145 Sunshine Terrace Avenue, located in Studio City, CA. This is rare opportunity for an investor to acquire a trophy 8-unit condominium building in the hills of Studio City, south of Ventura Blvd.This 2009 construction building is not subject to any state or city rent control laws. The rents are currently below market, and a new owner could step in and raise rents to market with relatively minimal work required. Furthermore, there are 3 recent vacancies that the Seller is leaving vacant for marketing purposes. A buyer can choose to rent these vacancies during escrow or close escrow with them vacant, depending on the buyer's investment strategy.These large 3 bedroom, 2.5 bath town-homes are individually condo mapped meaning each condo has its own APN and therefore can be sold separately in the future.
    Exterior Features

    Lot Size Source Owner Lot Size Units Square Feet

    Property Features

    Country Us Gross Income 349520.00 Gross Multiplier 16.28 Gross Operating Income 349520.00 Net Operating Income 248387.00 Senior Community YN No Special Listing Conditions Standard Total Actual Rent 359340.00 Total Expenses 101133.00 Zoning Lard1.5

    Listing provided courtesy of Filip Niculete of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-12T19:29:54.337. 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 deemed reliable but is not guaranteed accurate by the MLS or Doherty Real Estate Group | eXp Realty of California, Inc.. Licensed in the State of California, USA.
     
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    Doherty Real Estate Group | eXp Realty of California, Inc.
    27101 Puerta Real
    Mission Viejo CA, 92691