Studio City, CA 91604 12073 Ventura Place
$7,000,000
0 more
Presented By: Mike Monteleone with Monteleone Real Estate,Inc; 818-917-1789
SQFT • 4,164
Year Built • 1946
Home Details
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.
Presented By: Mike Monteleone with Monteleone Real Estate,Inc; 818-917-1789
Interior Features for 12073 Ventura Place
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
LivingAreaSourceAssessor
Total Stories2
Other Rooms
Entry Level1
General for 12073 Ventura Place
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Business TypeCommercial, MultiTenant, Retail
Carport Y/NNo
CityStudio City
CountyLos Angeles
Current FinancingConventional
Current UseCommercial
Directions1-North Ventura & 1-East Laurel Canyon
Electric On Property Y/NNo
Garage Y/NNo
HOANo
Home Warranty Y/NNo
Insurance Expense14780.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCashToNewLoan
Lot Size Square Feet5001.0
Lot Size UnitsSquareFeet
MLS AreaSTUD - Studio City
MaintenanceExpense5000.0
MobileHomeRemainsYNNo
Net Operating Income160315.0
New ConstructionNo
Number Of Units Total8
Number of Units Leased8
Occupancy TypeTenant
Operating Expense85541.0
Property Attached Y/NNo
Property Sub Type AdditionalMixedUse
Property SubtypeMixedUse
Property TypeCommercialSale
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsProbateListing
Standard StatusActive
StatusActive
Tax Year2024
TopographyLevel
UtilitiesElectricityConnected, NaturalGasConnected, PhoneConnected
Water Sewer Expense17011.0
Year Built1946
Year Built SourceAssessor
ZoningC2
Exterior for 12073 Ventura Place
Building Area Total4164.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions5001
Lot FeaturesNoLandscaping, RectangularLot, StreetLevel, Level
Lot Size Acres0.1148
Lot Size Area5001.0
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Number of Buildings2
Open Parking Y/NNo
Private PoolNo
SpaNo
Water SourcePublic
WaterfrontY/NNo
Additional Details
Price History
Clayton Bond
Sales Associate
