11305 Moorpark Street, Unit 1

North Hollywood, CA 91602

$3,999,999
Price
16
Beds
16
Baths
8,560 Sq. Ft.
$467 / Sq. Ft.
8,560
Sq. Ft.
$467
per Sq. Ft.

Description

We are pleased to present Moorpark Townhomes located in the Tujunga Village section of southeastern San Fernando Valley. The property was completed in 2013 as a condominium project and each unit has its own APN (2366-003-028,029,030,031,032,033). All APNs will be sold together. Currently, it is operating as an apartment building. The property consists of one x one bedroom/one bath, and five x three bedroom/two and one-half bath townhomes. The property is highly amenitized with fourteen gated subterranean...We are pleased to present Moorpark Townhomes located in the Tujunga Village section of southeastern San Fernando Valley. The property was completed in 2013 as a condominium project and each unit has its own APN (2366-003-028,029,030,031,032,033). All APNs will be sold together. Currently, it is operating as an apartment building. The property consists of one x one bedroom/one bath, and five x three bedroom/two and one-half bath townhomes. The property is highly amenitized with fourteen gated subterranean parking spaces, an elevator, and two ADA compliant platform lifts. Interiors have high end finishes including European style kitchens with quartz countertops, custom cabinetry, stainless steel appliances, central HVAC, in unit laundry, fully tiled bathrooms, walk-in closets and balconies. The property is not subject to the city of Los Angeles Rental Stabilization Ordinance, and is exempt from AB 1482 until 2028. Moorpark Townhomes is a unique offering for an investor to acquire a beautifully maintained property and operate as an apartment building. It also offers an investor two exit strategies if the market determines it is most profitable to sell as one property or to sell off each condominium unit individually.
  1. Listed by Robert Leveen • DRE #01476685 • Brokerage DRE #01476685 • Robert Leveen

Property Details for 11305 Moorpark Street, Unit 1

Zoning
LAR3
Cross Streets
Moorpark Street and Elmer Avenue
Parcel Number
2366003028
Total Units
6.0
Living Area
8560
Source Living Area
Other
Area
Studio City (STUD)
Vacancy Rate
6
LISTING UPDATED: 08/24/2024 09:42 AM

Property Details for 11305 Moorpark Street, Unit 1

StatusActive
MLS #24-426315
Days on Market41
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2013
Lot Size0.13 AC / 5,696 SF
CountyLos Angeles County

Building Information for 11305 Moorpark Street, Unit 1

Stories4Residences-Year Built2013Building Size-Lot Size0.13 AC / 5,696 SF

Property Information for 11305 Moorpark Street, Unit 1

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Other
  • Number Of Stories: 4
  • Number Of Buildings: 1
  • Type Of Units: Condominium
  • Unit Number: 1
Contract Info
Contract Info
  • Financing: Cash, Cash To New Loan
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $246,130
  • Net Operating Income: $128,327.00
  • Gross Income: $261,840
  • Cap Rate: 3.21%
  • Gross Rent Multiplier: $15.28
  • Total Annual Expense: 117802
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1308
  • Lot Size Square Feet: 5696
Parking Details
Parking Details
  • Parking Garage: Subterr Tandem, Auto Driveway Gate
  • Total Parking: 15
  • Garage Spaces Total: 14
  • Parking Features: Auto Driveway Gate
Interior Features
Interior Features
  • Levels: Three Or More
  • Cooling: Central Air
  • Cooling Type: Central, Air Conditioning
  • Heating: Central
  • Heating Type: Central
  • Equipment: Alarm System, Dishwasher, Elevator, Microwave, Range/Oven, Washer, Dryer
  • Laundry: In Unit
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 08-10-2024
  • Rent Control: No
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,450.00
  • Unit Actual Rent: $2,450.00
  • Unit Projected Rent: $2,550.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $3,788.00
  • Unit Actual Rent: $7,575.00
  • Unit Projected Rent: $8,200.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $3,898.00
  • Unit Actual Rent: $7,795.00
  • Unit Projected Rent: $8,500.00
  • Like Units: 2
Unit 4 Information
  • Unit Beds: 3
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $4,250.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $347,705.00
  • Assessed Improvement Percent: 50.42
  • Assessed Land Value: $341,931.00
  • Assessed Land Percent: 49.58
  • Assessed Total Value: $689,636.00

Property History for 11305 Moorpark Street, Unit 1

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 11305 Moorpark Street, Unit 1

Taxable ValueLand$348,769Additions$354,659Total$703,428
Tax Record2023$8,515 ($710 / month)
Home Facts
Beds3Total Finished SqFt1,410 SqFtAbove Grade Finished SqFt1,410 SqFtLot Size5,695 SqFtStyleCondominiumYear Built2012ZoningLAR3CountyLOS ANGELESAPN2366-003-028

Schools near 11305 Moorpark Street, Unit 1

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.

Similar Homes

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11305 Moorpark Street, Unit 1 is a multi-family home for sale in North Hollywood, CA 91602. This property was listed for sale on August 9, 2024 by Robert Leveen, it's currently listed at $3,999,999. This listing's school district is Los Angeles Unified School District. Nearby schools include Rio Vista Elementary School, Walter Reed Middle School and North Hollywood Senior High School. 11305 Moorpark Street, Unit 1 is a 16-bed, 16-bath, 8,560 sqft multi-family home built in 2013.

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 Robert Leveen, Robert Leveen, DRE #01476685

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.