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11544 Moorpark Street, Studio City, CA 91602

Commercial property · 2 recorded sales since 2015

11544 Moorpark Street, Studio City, CA 91602 Sold June 2018 CRMLS
$2,825,000Sold June 2018

Listing Agent: Reza Ghobadi (DRE #01780045) · Listing Office: Reza Ghobadi · Contact: 818-325-4142 · Bought with: Jason Lieberman · Keller Williams Westlake Village · MLS #SR18051966 · Source: CRMLS

7,609
Building Sq Ft
8
Units
3.93%
Cap Rate
$109,845
NOI
12,385 sqft
Lot Size
1956
Year Built
LAR3
Zoning
Commercial property
Type

About this commercial property

This is a well-appointed 8-unit apartment complex at 11544 Moorpark Street, Studio City, California. The property is comprised of (6) one-bed/one-bath units, (1) two-bed/one-and a half bath unit with a large balcony, and (1) two-bed/two bath large unit with washer/dryer, private yard, and a family room with fire place. Together these apartments come to about 7,609 square feet of rentable space on 12,421 square feet of land. That space includes 8 covered parking spaces with storage lockers. The rent-controlled complex, which features an on-site laundry facility and a beautifully landscaped courtyard, has been well maintained since it was built in 1956.
 
 Located between Colfax and Tujunga Avenue which is one of the most desired pockets in Studio City / Colfax Meadows area, this complex is close to various shops, restaurants and entertainment venues along Ventura Boulevard. Furthermore, the building sits mere minutes away from 101 and 170 Freeways.

Listing description from the June 2018 sale, as reported to CRMLS.

Sale history

$2,825,000
Sold June 2018 · listed $2,795,000, orig. $3,150,000, on market March 2018 · MLS #SR18051966 · Source: CRMLS
Listing Agent: Reza Ghobadi · Listing Office: Reza Ghobadi · Contact: 818-325-4142 · Bought with: Jason Lieberman · Keller Williams Westlake Village
$2,380,000
Sold December 2015 · listed $2,495,000, orig. $2,695,000, on market September 2015 · MLS #15941875 · Source: CRMLS
Listing Agent: Brett Sanson · Listing Office: Marcus & Millichap · Contact: 818-212-2700 · Bought with: Brett Sanson · Marcus & Millichap
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