$12,000,000
$12,995,000
7.7%For more information regarding the value of a property, please contact us for a free consultation.
60 Beds
60 Baths
30,364 SqFt
SOLD DATE : 12/11/2024
Key Details
Sold Price $12,000,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 30,364 sqft
Price per Sqft $395
MLS Listing ID 24-441023
Sold Date 12/11/24
Style Cape Cod
Bedrooms 60
Year Built 1990
Lot Size 0.375 Acres
Acres 0.3753
Property Description
4180 Arch Drive, Studio City, CA 91604, is a well-maintained 36-unit multifamily property featuring 24 two-bedroom/two-bath units and 12 one-bedroom/one-bath units. Located on a quiet street off Arch and Ventura, this property is among only 24 buildings in Studio City, the top neighborhood in the San Fernando Valley, built after 1978 with 35 or more units. Falling under AB1482 rent control, it offers approximately 21% upside in rents. With its prime location in Studio City, renowned for its desirable lifestyle and amenities, this asset presents a compelling investment opportunity with significant rental growth potential in one of the most sought-after areas of the San Fernando Valley.
Location
State CA
County Los Angeles
Area Studio City
Zoning LAR4
Rooms
Other Rooms None
Interior
Heating Fireplace, Central
Cooling Air Conditioning, Gas
Equipment Elevator, Dishwasher, Microwave, Washer, Refrigerator
Exterior
Parking Features Subterranean
Garage Spaces 60.0
Building
Story 4
Architectural Style Cape Cod
Level or Stories Three Or More
Others
Special Listing Condition Standard
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with Kidder Mathews of California, Inc.
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1610 R Street, Sacramento, California, 95811, United States