Property
Listing Agent: Jeffrey Louks (DRE #00908473) · Listing Office: Marcus & Millichap · Contact: 818-212-2700 · Bought with: Brett Sanson · Marcus & Millichap · MLS #23275745 · Source: CRMLS
We are pleased to present 12070 Woodbridge, this 12-unit apartment building is located in the heart of Studio City and was built in 1960. The building is comprised of (3) Two bedroom & 1.5 Bath Town House Units, (2) Two bedroom & 1.75 Bath Units, (1) 1 bedroom & 1 bath Town House Unit, (6) 1 bedroom & 1 bath Units. The subject property with this ideal unit mix has been well maintained by long term owners, this is the first time the property has been on the market in 25+ years! This is a fantastic opportunity for an investor to acquire a very well-located Studio City multifamily property with significant upside potential as units turn.12070 Woodbridge is ideally located close to all the amenities that Studio City has to offer, including sought-after restaurants, shops, and entertainment. The building is in close proximity to trendy Ventura Boulevard and conveniently located near the 101 freeway. Additionally, the subject property is located in the world famous, "Media District", which is home to some of the largest media and entertainment employers in the world.
Listing description from the August 2023 sale, as reported to CRMLS.