Homes for sale - 13021 Moorpark St, Studio City, CA 91604

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Ju-Yao Yang

[email protected] +1(626) 272-4465

$ 4,899,000

Est. payment | -/mo

20 Beds

22 Baths

13,396 SqFt

Save

$ 4,899,000

Est. payment | -/mo

Save

20 Beds

22 Baths

13,396 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 13,396 sqft

Price per Sqft $365

MLS Listing ID 25591525

Style Contemporary

Bedrooms 20

Construction Status Updated/Remodeled

Year Built 1978

Lot Size 0.304 Acres

Acres 0.3042

Property Sub-Type Multi-Family

Property Description

Two-story prime Studio City building. Excellent location next to a quiet residential neighborhood. We have a preliminary cost segregation study done. The company estimates that the new buyer will be able to write off between $600k and $900k the first year of ownership due to the new tax bill that allows 100% depreciation write off. This will save your buyer thousands. Back 8 covered carports in alley could be a good candidate to build 4 ADUs. Each unit has a spacious balcony. Some with great views. There have been thoughtful upgrades to the landscaping, and hardscape elevating the curb-appeal of this property. 26 total covered parking spots. There is a converted finished office/studio in the garage area with access ready for toilet/drainage and water supply. Updated laundry room with 2 coin-op drum washers and 2 coin-op stack dryers. There are 2 large 3-bedroom 2.5 bath townhouse units with washer/dryers. They both have private front yards. Six of the eight 1 bedroom 1 bath units have been completely upgraded with a mix of veneer wood and vinyl flooring. Three of the four 2-bedroom 2 bath units have been completely upgraded and are appointed similarly to the upgraded 1 bedroom units. Each unit has a ceramic log natural gas fireplace with wall switch ignition.The building is a mix of primarily timber framing (with sheer walls) and heavy steel construction. Flat BUR roof was completely replaced circa 2017.95% of the plumbing has been replaced with PEX and copper. 10 of the 14 units have been fitted with water use meters. Currently, 9 of those units (meters) are billed through management for both water and sewer, at the same rate as LADWP. The remaining 4 units can be easily upgraded to the metered system. The tenants basically pay some of the utilities...specifically the use of water and the related sewer charges. This makes a very low cost to operate the building.11 of the AC units have been upgraded to reduced energy draw. The power to the building is a 600v main with 14, 50-amp service to each unit, and upgraded sub-panels. Only one original in-unit sub-panel remains.

Location

State CA

County Los Angeles

Area Studio City

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Heat Pump

Cooling Air Conditioning

Flooring Carpet, Wood Laminate, Vinyl Plank

Fireplaces Type Bath, Electric, Gas

Equipment Refrigerator, Range/Oven

Laundry Laundry Area

Exterior

Parking Features None

Garage Spaces 26.0

Pool None

Waterfront Description None

View Y/N No

View None

Roof Type Flat

Building

Story 2

Sewer In Connected and Paid

Water District

Architectural Style Contemporary

Level or Stories Two

Structure Type Stucco

Construction Status Updated/Remodeled

Others

Special Listing Condition Standard

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Listed by eXp Realty of Greater Los Angeles

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(626) 272-4465

[email protected]

13021 Moorpark St Studio City, CA 91604