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    11145 Sunshine Ter

    Studio City, CA 91604
    • $5,850,000
    • STATUS: Active
    • ON SITE: 217 days
    • MLS #: 20-613200
    Price Reduced
    $5,850,000
    • 24
      BEDS
    • 0.28
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 14,180
      SQFT
    • $413
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2009
    County:
    Area:

    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 the Combined LA/Westside Multiple Listing Service as of 2021-03-08T23:42:52.703. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.jelmbergteam.com/homes/108521129
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    11145 Sunshine Ter Studio City, CA 91604

    • Price: $5,850,000
    • Status: Active
    • MLS #: 20-613200
    24
    Beds
    0
    Baths
    0
    ½ Baths
    0.28
    Acres
    14,180
    SQFT
    $413
    $/SQFT
    2009
    Built
    Neighborhood:
    Studio City
    County:
    Los Angeles
    Area:
    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 Area 12165 Other Structures Other Parking Garage Other Total Parking 16

    Interior Features

    Baths Total 20.00 Cooling Other Equipment Other Heating Other

    Property Features

    Assessed Total Value 798411 Gross Income 349520 Gross Operating Income 349520 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 248387.00 Number Of Buildings 1 Number Of Units 8 Sale Type Standard Source Living Area Owner Source Lot Size Area Owner Total Annual Expense 101133 Type Of Units Standard Year Built Source Vendor Enhanced Zoning Lard1.5

    Listing provided courtesy of Filip Niculete DRE#01905352 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-03-08T23:42:52.703. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    The Jelmberg Team | Keller Williams
    39-575 Washington Street, Suite #105
    Palm Desert CA, 92211