16 Units in Studio City with Panoramic views 11975 Laurelwood Dr Immeuble residentiel 16 lots 4 736 690 € (296 043 €/Lot) Taux de capitalisation 5,31 % Studio City, CA 91604

$705,000 PRICE REDUCTION! Jake Plewa with Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, is pleased to offer for sale a timeless mid-century gem located steps off Ventura Blvd in prestigious Studio City. 11975 Laurelwood presents the unique opportunity to acquire a quintessential value-add property in one of the strongest rental locations in Los Angeles. Perched at the top of a hill with panoramic views of the entire San Fernando Valley, each unit has a terrific floor plan and offers an abundance of natural light. The property boasts an ideal unit mix for the area, consisting of all large three-bedroom three bath, two-bedroom two bath, two-bedroom one bath, and some one-bedroom one bath units. Other property features include a large pool and a pool room that can be converted to an ADU (Buyer to Verify), a well-landscaped facade, a charming sitting area, an on-site laundry room, and ample on-site parking, which is exempt from soft-story retrofit (Buyer to verify).
Close to some of Los Angeles’ best dining, retail, and nightlife, this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and acquire a premier turnkey asset in one of the best rental locations in Studio City.