12073 Ventura Place, Studio City CA, 91604

Active

12073 Ventura Place

Studio City CA, 91604

$8,500,000

$2,041.31 per sqft

Active

4,164 sqft

Commercial

Built in 1946

Listed by Mike Monteleone with Monteleone Real Estate,Inc 818-917-1789

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.

SR24216062

MLSⓇ ID

October 20, 2024

Listed

November 5, 2024

Updated

Map

12073 Ventura Place
Studio City CA, 91604

Interior Features

Total Stories: 2
Laundry Description: None
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.11 Acres
Lot Features: No Landscaping, Rectangular Lot, Street Level, Level

Other Property Details

Area Name: STUD - Studio City
Days on Market: 16
Garage: No
View: No
County: Los Angeles
Water Source: Public
Pool: No
Zoning: C2

Listing Contact: 818-449-7004

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 11/5/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 11/5/2024 at 9:13 PM UTC