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11145 SUNSHINE Terrace, Studio City, CA 91604 (MLS # 17229918)

Price $6,050,000
Status Active
Beds 0
Baths 0 bath
Home size 14,998 sq ft
Lot Size 12,165 sqft
Days on Market 195
We are pleased to introduce 11145 Sunshine Terrace, located in Studio City, CA. This is a rare opportunity for an investor to acquire a trophy apartment building in the hills of Studio City. This 2009 construction building is not subject to rent control. The rents are currently below market, and a new owner could step in and raise rents to market with relatively minimal work required. This property lacks direct competition in its immediate area. The minimum home rental price in the immediate area hovers around $5,500. There is plenty of room between that price and the building's current rents, which provides plenty of upside to be capitalized upon.These 3 bedroom 2.5 bath townhomes are condo mapped, with several layouts, and were originally built to be sold individually. This presents a new owner with an opportunity to hold onto these units as a rental property or to individually spin them off when market pricing is optimal.
Property Type(s): Residential Income
Last Updated 11/14/2017 Year Built 2009
Community STUD - Studio City County Los Angeles

Price History

Prior to May 10, '17 $6,500,000
May 10, '17 - Jun 27, '17 $6,299,999
Jun 27, '17 - Aug 28, '17 $6,150,000
Aug 28, '17 - Today $6,050,000

Additional Details

AIR See Remarks
AIR CONDITIONING Yes
AREA STUD - Studio City
GARAGE Other
LOT 0.28 acre(s)
STORIES 2
UTILITIES
ZONING LARD1.5

Location

 

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Listing provided by : Filip Niculete CalBRE:01905352, Marcus & Millichap

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 11/20/17 12:55 PM PST and /or other sources. 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

This IDX solution is (c) Diverse Solutions 2017.

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