12073 Ventura Place, Studio City, CA 91604 (MLS # SR24216062)
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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.
| DAYS ON MARKET | 87 | LAST UPDATED | 12/22/2024 |
|---|---|---|---|
| YEAR BUILT | 1946 | COMMUNITY | Studio City |
| COUNTY | Los Angeles | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| PRICE HISTORY | |
| Prior to Dec 22, '24 | $8,500,000 |
|---|---|
| Dec 22, '24 - Today | $7,000,000 |
| ADDITIONAL DETAILS | |
| AREA | Studio City |
|---|---|
| LOT | 5001 sq ft |
| LOT DESCRIPTION | Level, No Landscaping, Rectangular Lot, Street Level |
| LOT DIMENSIONS | 5001 |
| STORIES | 2 |
| UTILITIES | Electricity Connected,Natural Gas Connected,Phone Connected |
| WATER | Public |
| ZONING | C2 |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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