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Listed by Mike Monteleone • Monteleone Real Estate,Inc
$7,000,000
Est. payment /mo
4,164 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 4,164 sqft
Price per Sqft $1,681
MLS Listing ID CRSR24216062
HOA Y/N No
Year Built 1946
Lot Size 5,001 Sqft
Property Sub-Type Mixed Use
Source Datashare California Regional
Property Description
Probate Sale! Administrator has Full Authority to accept Offers. Offering a Mixed-Use, Commercial & Apartment Building Investment in Studio City-"A" location. Born out of the Entertainment Industry Studio City is regarded as "The Jewel of The Valley". It serves as the Gateway to Westside and Hollywood, attracting actors, writers and musicians. This Great opportunity is close to CBS Studios and minutes to Universal Studios and Burbank, which is the "Media Capital of the World". Ventura Place is just a short block from Iconic Ventura Blvd. This 4,164-sf building consists of: 6- Apartments plus 2- Retail Stores. McConnel's Ice Cream with renewal options plus Alfred Coffee who intends to renew. Both Commercial tenants pay CAM charges plus yearly rent increases. The 6-Apartments units are month to month with below market rents. First Time on the market in over 54 Years. A Solid Investment, 100% occupied, and ideal for 1031 Exchange.
Location
State CA
County Los Angeles
Interior
Fireplace No
Building
Water Public
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