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$6,200,000
Est. payment /mo
15,856 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 15,856 sqft
Price per Sqft $391
MLS Listing ID CL25553051
HOA Y/N No
Year Built 1962
Lot Size 0.708 Acres
Acres 0.71
Property Sub-Type Other
Property Description
11975 Laurelwood presents the unique opportunity to acquire a quintessential value-add property in one of the strongest rental locations in Los Angeles. Perched at the top of a hill with panoramic views of the entire San Fernando Valley, each unit has a terrific floor plan and offers an abundance of natural light. The property boasts an ideal unit mix for the area, consisting of all large three-bedroom three bath, two-bedroom two bath, two-bedroom one bath, and some one-bedroom one bath units. Other property features include a large pool and a pool room that can be converted to an ADU (Buyer to Verify), a well-landscaped facade, a charming sitting area, an on-site laundry room, and ample on-site parking, which is exempt from soft-story retrofit (Buyer to verify). Close to some of the entire Valley's best dining, retail, and nightlife, this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and acquire a premier turnkey asset in one of the best rental locations of Studio City.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Other
Fireplace No
Building
New Construction No
Others
Tax ID 2369017015
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Listed by Jacob Plewa • REMAX COMMERCIAL & INVESTMENT REALTY
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