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11975 Laurelwood Drive, Studio City, CA 91604
Priced at Only: $5,100,000
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Address: 11975 Laurelwood Drive, Studio City, CA 91604
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  • MLS#: 25631471 ( )
  • Street Address: 11975 Laurelwood Drive
  • Viewed: 2
  • Price: $5,100,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1962
  • Bldg sqft: 0
  • Days On Market: 61
  • Additional Information
  • County: LOS ANGELES
  • City: Studio City
  • Zipcode: 91604
  • Provided by: KW Commercial Studio City
  • Contact: Nick Nick
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    KW Commercial is pleased to present 11975 Laurelwood Drive, a 16 unit multifamily investment opportunity located in one of Studio City's premier rental neighborhoods. Built in 1962 and encompassing 15,856 SF of improvements on a 30,846 SF hillside parcel, the property features 16 oversized apartment units, all of which include large private balconies offering panoramic views of the Eastern San Fernando Valley, Laurel Canyon, and Ventura Boulevard. The asset is ideally positioned just blocks from two of Studio City's most influential economic and cultural hubs, CBS Radford Studio Center and the Ventura Place retail corridor, home to numerous cafes, restaurants, boutique retailers, Trader Joe's, and the highly regarded Carpenter Avenue School. This location provides residents with immediate access to a diverse collection of amenities, entertainment destinations, and employment centers. Historically, this submarket has delivered investors strong long term rent growth, exceptional appreciation, and reliable value preservation. 11975 Laurelwood Drive offers an ideal mix of spacious, view oriented units, including: Three (3) 3 Bedroom / 2 Bathroom units, Four (4) 2 Bedroom / 2 Bathroom units, Six (6) 2 Bedroom / 1 Bathroom units, and Four (4) 1 Bedroom / 1 Bathroom units. Many interiors feature open floor plans, stainless steel appliances, wood style flooring, window blinds, ceiling fans, and wall A/C units. Due to its premium location and above average unit sizes, the property consistently attracts a high quality renter profile, as reflected by stable in place income.
Features
Building Area Total
  1. 15856.00
Country
  1. US
Levels
  1. Three Or More
Netoperatingincome
  1. 282022.00
Parcel Number
  1. 2369017015
Parking Features
  1. Assigned
  2. Uncovered
  3. Covered
Sourcesystemkey
  1. 25631471:CLAW
Totalexpenses
  1. 165273.00
Year Built
  1. 1962
Zoning
  1. LAR3
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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