$4,500,000
$4,800,000
6.3%For more information regarding the value of a property, please contact us for a free consultation.
9,520 SqFt
SOLD DATE : 12/23/2024
Key Details
Sold Price $4,500,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 9,520 sqft
Price per Sqft $472
MLS Listing ID 24-440147
Sold Date 12/23/24
Year Built 1955
Lot Size 0.482 Acres
Acres 0.1608
Property Description
Prime Studio City Commercial Property First Time on the Market!This exceptional corner property offers a rare opportunity to own a fully occupied retail complex in the heart of Studio City. Featuring three separate buildings with a total of 8 fully leased retail spaces, this property presents incredible investment potential.Key Features: Lot Size:21,009 sq. ft., Building Size: 9,520 sq. ft., Zoning: C2 and R2 (per city records), Occupancy: 100% (8 retail spaces)Future Potential:Significant upside for redevelopment or reconfiguration with mixed-use or residential opportunities (subject to city approvals).This is a highly sought-after location in a thriving neighborhood, with excellent street visibility and foot traffic. Whether you're looking to invest in a solid income-producing asset or exploring redevelopment possibilities, this property offers unparalleled upside.Don't miss this chance to acquire a prime piece of Studio City real estate! ***All Offers must be on CAR Commercial Purchase Agreement.
Location
State CA
County Los Angeles
Area Studio City
Zoning LAC2
Exterior
Garage Spaces 28.0
Building
Story 1
Others
Special Listing Condition Standard
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Bought with HVN Development, Inc
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