12934 Valleyheart Drive

Studio City, CA 91604

$2,695,000
Price
12
Beds
8
Baths
6,469 Sq. Ft.
$417 / Sq. Ft.
6,469
Sq. Ft.
$417
per Sq. Ft.

Description

Major price reduction! 12934 Valleyheart Dr. is an 8 unit apartment building located in the heart of Studio City, one of the most sought after locations in the San Fernando Valley. Constructed in 1954, the building has an excellent mix of units consisting of 4 - One Bed + One Bath Units and 4 - Two Bed + One Bath Units. These charming units are equipped with amenities including wall air conditioning, balconies, covered/gated parking, and secured entry. The building is located on a beautiful, tree...Major price reduction! 12934 Valleyheart Dr. is an 8 unit apartment building located in the heart of Studio City, one of the most sought after locations in the San Fernando Valley. Constructed in 1954, the building has an excellent mix of units consisting of 4 - One Bed + One Bath Units and 4 - Two Bed + One Bath Units. These charming units are equipped with amenities including wall air conditioning, balconies, covered/gated parking, and secured entry. The building is located on a beautiful, tree lined street across from the Valleyheart Riverwalk. Tenants can enjoy close access to a variety of upscale shops, markets, and exercise facilities located at the nearby Shops at Sportsmen's Lodge. The building is being sold with 12914 Valleyheart Dr. & 12918-12924 Valleyheart Dr. Buildings may be purchased together or separately. This is a rare opportunity for an investor to purchase a value-add income property in a great Studio City location.
  1. Listed by Gary Fox • DRE #00847295 • Brokerage DRE #00893163 • Miller & Desatnik Realty Co.
  2. Listed by Michael Wozniak • DRE #01856514 • Brokerage DRE #00893163 • Miller & Desatnik Realty Co.

Property Details for 12934 Valleyheart Drive

Zoning
LAR3
Parcel Number
2375022041
Total Units
8.0
Living Area
6469
Source Living Area
Assessor
Area
Studio City (STUD)
Vacancy Rate
6,248
Lot Size Area
11388
LISTING UPDATED: 10/28/2024 03:45 PM

Property Details for 12934 Valleyheart Drive

StatusActive
MLS #24-391213
Days on Market172
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1954
Lot Size0.26 AC / 11,388 SF
CountyLos Angeles County

Building Information for 12934 Valleyheart Drive

Stories2Residences-Year Built1954Building Size-Lot Size0.26 AC / 11,388 SF

Property Information for 12934 Valleyheart Drive

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $202,984
  • Net Operating Income: $121,743.00
  • Gross Income: $209,232
  • Cap Rate: 4.52%
  • Gross Rent Multiplier: $12.88
  • Other Income1: $208,272.00
  • Laundry Income: $960
  • Total Annual Expense: 81241
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2614
  • Lot Size Square Feet: 11388
Parking Details
Parking Details
  • Parking Garage: Covered Parking, Gated
  • Total Parking: 8
  • Parking Features: Covered, Gated
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Wall Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Range/Oven
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-13-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,425.00
  • Unit Actual Rent: $2,425.00
  • Unit Projected Rent: $2,425.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,946.00
  • Unit Actual Rent: $1,946.00
  • Unit Projected Rent: $1,946.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,866.00
  • Unit Actual Rent: $1,866.00
  • Unit Projected Rent: $1,866.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,550.00
  • Unit Actual Rent: $1,550.00
  • Unit Projected Rent: $1,550.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,499.00
  • Unit Actual Rent: $2,499.00
  • Unit Projected Rent: $2,499.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,598.00
  • Unit Actual Rent: $2,598.00
  • Unit Projected Rent: $2,598.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,236.00
  • Unit Actual Rent: $2,236.00
  • Unit Projected Rent: $2,236.00
  • Like Units: 1
Unit 8 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,236.00
  • Unit Actual Rent: $2,236.00
  • Unit Projected Rent: $2,236.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $542,479.00
  • Assessed Improvement Percent: 60.0
  • Assessed Land Value: $361,631.00
  • Assessed Land Percent: 40
  • Assessed Total Value: $904,110.00

Property History for 12934 Valleyheart Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 12934 Valleyheart Drive

Taxable ValueLand$368,863Additions$555,728Total$924,591
Tax Record2024$12,436 ($1,036 / month)
Home Facts
Total Finished SqFt6,469 SqFtAbove Grade Finished SqFt6,469 SqFtLot Size11,385 SqFtStyleMulti-Family Res (5+ Units)Year Built1954ZoningLAR3CountyLOS ANGELESAPN2375-022-041

Schools near 12934 Valleyheart Drive

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

Louis D. Armstrong Middle School
Charter6 to 8

Ulysses S. Grant Senior High School
Public9 to 12

High Tech LA Middle
Charter6 to 8

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.

Similar Homes

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Similar Sold Homes

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12934 Valleyheart Drive is a multi-family home for sale in Studio City, CA 91604. This property was listed for sale on May 13, 2024 by Miller & Desatnik Realty Co., it's currently listed at $2,695,000. It has been on the market for a total of 172 days and was last sold on October 3, 1994. This listing's school district is Los Angeles Unified School District. Nearby schools include Dixie Canyon Community Charter School, Louis D. Armstrong Middle School and Ulysses S. Grant Senior High School. 12934 Valleyheart Drive is a 12-bed, 8-bath, 6,469 sqft multi-family home built in 1954.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Miller & Desatnik Realty Co., Gary Fox, DRE #00847295; Miller & Desatnik Realty Co., Michael Wozniak, DRE #01856514

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.