11617 Moorpark Street

Studio City, CA 91602

$1,600,000
Price
3
Beds
4
Baths
2,906 Sq. Ft.
$551 / Sq. Ft.
2,906
Sq. Ft.
$551
per Sq. Ft.

Description

This charming 4-unit apartment building is located at 11617 Moorpark Street, Los Angeles/Studio City area, CA 91602. Built in 1948, this building offers on-site laundry facilities. The unit mix is comprised of three 1bedroom/1bathroom and one 2bedroom/1bathroom unit totaling approximately 2,906 rentable square feet on approximately 6,000 square feet of land zoned LAR3. The current ownership recently completed many renovations to the property such as new electrical panels, copper plumbing, tankless...This charming 4-unit apartment building is located at 11617 Moorpark Street, Los Angeles/Studio City area, CA 91602. Built in 1948, this building offers on-site laundry facilities. The unit mix is comprised of three 1bedroom/1bathroom and one 2bedroom/1bathroom unit totaling approximately 2,906 rentable square feet on approximately 6,000 square feet of land zoned LAR3. The current ownership recently completed many renovations to the property such as new electrical panels, copper plumbing, tankless water heaters in all units, and new sewer lines. All the costly deferred maintenance which has already been completed coupled with a great location and very little landlord expenses make this a fantastic opportunity for investors looking at prime locations in the San Fernando Valley. This property can be purchased separate or as portfolio with the two neighboring buildings. Please check MLS: 11613 and 11621 Moorpark Street. The building is located in a great pocket of North Hollywood/Studio City on Moorpark Street, just south of the 101 Freeway between Colfax Avenue and Tujunga Avenue, and next to Walter Reed Middle School. This site has great access to the 101, 170 and 134 Freeeways and is just a short drive to Universal Studios/City Walk, Lakeside Golf Club, Weddington Golf Club and The Shops at Sportsman’s Lodge in Studio City!

Property Details for 11617 Moorpark Street

Parking Spaces Total
4
Private Pool
No
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2906
Assessor Parcel Number
2365-002-011
Property Attached YN
true

Location

Listing Courtesy of Reza Ghobadi, Reza Ghobadi, DRE #01780045
Add your commute
LISTING UPDATED: 04/29/2024 11:13 PM

Property Details for 11617 Moorpark Street

StatusActive
MLS #SR24084665
Days on Market20
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1948
Lot Size0.14 AC / 6,002 SF
CountyLos Angeles County

Location

Listing Courtesy of Reza Ghobadi, Reza Ghobadi, DRE #01780045
Add your commute

Building Information for 11617 Moorpark Street

Stories2Residences-Year Built1948Building Size-Lot Size0.14 AC / 6,002 SF

Payment Calculator

$9,210 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,732

Property Taxes

$478

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 11617 Moorpark Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $90,072
  • Gross Scheduled Income: $90,072
  • Net Operating Income: $53,551
Expense Details
  • Operating Expense: $34,418
  • New Taxes Expense: $20,000
  • Gardener Expense: $600
  • Fuel Expense: $1,300
  • Pest Control Expense: $720
  • Insurance Expense: $2,500
  • Maintenance Expense: $4,398
  • Trash Expense: $1,200
  • Water Sewer Expense: $3,700
  • Total Expenses: $34,418
Tax / Assessment Info
  • Tax Tract Number: 8631
  • Tax Census Tract: 1433.02
  • CFD/Mello-Roos Fee: $857
  • Tax Lot: 152
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Exterior Features
  • Entry Location: Street
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Lawn
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Private
  • Sewer: Private Sewer
  • Water Source: Private
Parking Info
  • Garage Spaces: 4
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 4
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $5,426
  • Unit Type Total Rent: $5,426
  • Unit Type Pro Forma: 6750
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 4
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,080
  • Unit Type Total Rent: $2,080
  • Unit Type Pro Forma: 2550
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 0

Property History for 11617 Moorpark Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 11617 Moorpark Street

Taxable ValueLand$162,672Additions$244,011Total$406,683
Tax Record2023$5,735 ($478 / month)
Home Facts
Total Finished SqFt2,906 SqFtAbove Grade Finished SqFt2,906 SqFtLot Size6,000 SqFtStyleQuadraplexYear Built1948ZoningLAR3CountyLOS ANGELESAPN2365-002-011

Schools near 11617 Moorpark Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Charter - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Colfax Charter Elementary School
CharterK to 5

Walter Reed Middle School
Public6 to 8

North Hollywood Senior High School
Public9 to 12

Amelia Earhart Continuation School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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11617 Moorpark Street is a multi-family home for sale in Studio City, CA 91602. This property was listed for sale on April 26, 2024 by Reza Ghobadi, it's currently listed at $1,600,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Colfax Charter Elementary School, Walter Reed Middle School and North Hollywood Senior High School. 11617 Moorpark Street is a 3-bed, 4-bath, 2,906 sqft multi-family home built in 1948.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Reza Ghobadi, Reza Ghobadi, DRE #01780045

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.