11145 SUNSHINE Terrace
Studio City, CA 91604

$6,050,000

Baths:
Number of Units: 8
Type: Multi-Unit Residential
Listing #17229918
We are pleased to introduce 11145 Sunshine Terrace, located in Studio City, CA. This is a rare opportunity for an investor to acquire a trophy apartment building in the hills of Studio City. This 2009 construction building is not subject to rent control. The rents are currently below market, and a new owner could step in and raise rents to market with relatively minimal work required. This property lacks direct competition in its immediate area. The minimum home rental price in the immediate area hovers around $5,500. There is plenty of room between that price and the building's current rents, which provides plenty of upside to be capitalized upon.These 3 bedroom 2.5 bath townhomes are condo mapped, with several layouts, and were originally built to be sold individually. This presents a new owner with an opportunity to hold onto these units as a rental property or to individually spin them off when market pricing is optimal.
Property Features
Location Information
County: Los Angeles
MLS Area: Studio City
Latitude: 34.14077
Longitude: -118.37347
Interior Features
Interior: Other
Heating: Other
Cooling: Other
Unit 1 Features: Bedrooms: 3; Bathrooms: 2
Unit 2 Features: Bedrooms: 3; Bathrooms: 2
Unit 3 Features: Bedrooms: 3; Bathrooms: 2
Unit 4 Features: Bedrooms: 3; Bathrooms: 2
Total Number of Units: 8
Exterior Features
Parking Description: Other
Has Garage: No
Parking Spaces: 18
Lot Size in Acres: 0
Lot Size in Sq. Ft.: 12, 165
Zoning: LARD1.5
Additional Information
Property Type: RI
Property SubType: Apartment Building
Year Built: 2009
Tax Parcel Number: 2378009040
Status: Active
Units in Complex: 8


$ per month
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Monthly Insurance: $
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List Price:
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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
This listing is courtesy of Filip Niculete
CA BRE #01905352 - Marcus & Millichap
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