11159-11163 Sunshine Terrace

Studio City, CA 91604

$1,650,000
Price
6
Beds
5
Baths
3,590 Sq. Ft.
$460 / Sq. Ft.
3,590
Sq. Ft.
$460
per Sq. Ft.

Description

INVESTMENT HIGHLIGHTS: Rare Offering Located South of the Boulevard in the Hills of Studio City; Corner Property with Expansive City Views; Three Separate Structures with Private Garages; Front Structure and the Rear Building each contain a Main House with Large Private Garden and Views; Peaceful Daytime Greenbelt Views; Sparkling Night time City Light Scenery; Residences are Extremely Bright with Multiple Windows and Sliding Glass Doors overlooking the City; All units Feature Private Yards, Individual...INVESTMENT HIGHLIGHTS: Rare Offering Located South of the Boulevard in the Hills of Studio City; Corner Property with Expansive City Views; Three Separate Structures with Private Garages; Front Structure and the Rear Building each contain a Main House with Large Private Garden and Views; Peaceful Daytime Greenbelt Views; Sparkling Night time City Light Scenery; Residences are Extremely Bright with Multiple Windows and Sliding Glass Doors overlooking the City; All units Feature Private Yards, Individual Washers, Dryers, and Water Heaters; New Roof on Two Buildings; Copper Plumbing in Four Units; Front House is Gated and has beamed Ceilings, Formal Dining Room and a Fireplace; Rear House is Gated with Sliding Glass Doors opening up to a Large Private Garden; One Unit Delivered Vacant; No Seismic Retrofit Required; Very Low Operating Expenses; No Gas or Trash Bills, Low Water Charges.
  1. Listed by Jeanette Monfared • DRE #00765098 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 11159-11163 Sunshine Terrace

Zoning
LARD1.5
Parcel Number
2378009016
Total Units
5.0
Living Area
3590
Source Living Area
Vendor Enhanced
Area
Studio City (STUD)
Vacancy Rate
3
Lot Size Area
8961

Location

Listing Courtesy of Marcus & Millichap, Jeanette Monfared, DRE #00765098
Add your commute
LISTING UPDATED: 05/17/2024 03:46 PM

Property Details for 11159-11163 Sunshine Terrace

StatusPending
MLS #24-386557
Days on Market15
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1947
Lot Size0.21 AC / 8,961 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Jeanette Monfared, DRE #00765098
Add your commute

Building Information for 11159-11163 Sunshine Terrace

Stories2Residences-Year Built1947Building Size-Lot Size0.21 AC / 8,961 SF

Payment Calculator

$9,005 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,005

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 11159-11163 Sunshine Terrace

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 3
  • Type Of Units: Homes
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $107,374
  • Net Operating Income: $77,157.00
  • Gross Income: $110,695
  • Cap Rate: 4.68%
  • Gross Rent Multiplier: $14.90
  • Total Annual Expense: 30217
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2057
  • Lot Size Square Feet: 8961
Parking Details
Parking Details
  • Parking Garage: Attached
  • Total Parking: 7
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: One
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Built-Ins
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 05-01-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,393.00
  • Unit Actual Rent: $1,393.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,958.00
  • Unit Actual Rent: $7,832.00
  • Unit Projected Rent: $9,600.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107

Property History for 11159-11163 Sunshine Terrace

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 11159-11163 Sunshine Terrace

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Rio Vista Elementary School
PublicK 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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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 Marcus & Millichap, Jeanette Monfared, DRE #00765098

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.