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Key Details
Sold Price $4,950,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 15,590 sqft
Price per Sqft $317
MLS Listing ID SR21220629
Sold Date 12/29/21
HOA Y/N No
Year Built 1964
Lot Size 0.398 Acres
Acres 0.3981
Lot Dimensions Assessor
Property Description
We are pleased to exclusively offer for sale for the first time in 57 years. This gated 22 Units property totals 15,590 square feet on a 17,340 square foot street to street rectangular R3 zoned lot. Great Investor’s choice to add a 22 units apartment building in an excellent location to their portfolio.
The subject property is located one block from Ventura Blvd, surrounded by the Whole Foods market as well as many other supermarkets. Attractive Unit-Mix with Eight Single unit, Eight 1+1, Four 2+1 and Two 2+2. The subject property has some deferred maintenance and the Soft Story needs to be retrofitted. The property was built in 1964 with on-site laundry. Street to street, Clark St and Burbank Blvd. One unit will be delivered vacant.
You may download the detailed income, expense and rent roll from the MLS Supplements. Offer deadline is Tuesday October 12th.
Location
State CA
County Los Angeles
Area Tar - Tarzana
Zoning R3
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Heating Radiant
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Common Area
Exterior
Carport Spaces 25
Fence Masonry
Utilities Available Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Sewer Available, Sewer Connected, Water Connected
Roof Type See Remarks
Total Parking Spaces 30
Building
Lot Description 36-40 Units/Acre
Story 2
Water Public
Others
Tax ID 2160005003
Security Features Security Gate
Acceptable Financing Cash to New Loan, 1031 Exchange
Listing Terms Cash to New Loan, 1031 Exchange
Financing Cash to Loan
Special Listing Condition Standard
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Bought with Josh Trifunovic • Josh Trifunovic
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