12073 Ventura Place

Studio City, CA 91604

$8,500,000
Price
—
Beds
4,164 Sq. Ft.
$2,041 / Sq. Ft.
4,164
Sq. Ft.
$2,041
per Sq. Ft.

Description

Probate Sale! Administrator has Full Authority to accept Offers. Offering a Mixed-Use, Commercial & Apartment Building Investment in Studio City-"A" location. Born out of the Entertainment Industry Studio City is regarded as "The Jewel of The Valley". It serves as the Gateway to Westside and Hollywood, attracting actors, writers and musicians. This Great opportunity is close to CBS Studios and minutes to Universal Studios and Burbank, which is the "Media Capital of the World". Ventura Place is just...Probate Sale! Administrator has Full Authority to accept Offers. Offering a Mixed-Use, Commercial & Apartment Building Investment in Studio City-"A" location. Born out of the Entertainment Industry Studio City is regarded as "The Jewel of The Valley". It serves as the Gateway to Westside and Hollywood, attracting actors, writers and musicians. This Great opportunity is close to CBS Studios and minutes to Universal Studios and Burbank, which is the "Media Capital of the World". Ventura Place is just a short block from Iconic Ventura Blvd. This 4,164-sf building consists of: 6- Apartments plus 2- Retail Stores. McConnel's Ice Cream with renewal options plus Alfred Coffee who intends to renew. Both Commercial tenants pay CAM charges plus yearly rent increases. The 6-Apartments units are month to month with below market rents. First Time on the market in over 54 Years. A Solid Investment, 100% occupied, and ideal for 1031 Exchange.
  1. Listed by Mike Monteleone • DRE #00404713 • Brokerage DRE #00404713 • Monteleone Real Estate,Inc • 818-917-1789

Property Details for 12073 Ventura Place

Total Units
8.0
Business Type
Commercial, Multi-Tenant, Retail
Lot Size Source
Assessor
Lot Size Dimensions
5001
Building Area Total
4164
Building Area Units
Square Feet
Stories Total
2
Entry Level
1
LISTING UPDATED: 11/05/2024 04:36 AM

Property Details for 12073 Ventura Place

StatusActive
MLS #SR24216062
Days on Market32
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built1946
Lot Size0.11 AC / 5,001 SF
CountyLos Angeles County

Building Information for 12073 Ventura Place

Stories2Residences-Year Built1946Lot Size0.11 AC / 5,001 SF

Property Information for 12073 Ventura Place

Income / Expense / Tax Details
Income Details
  • Gross Scheduled Income: $226,284
  • Net Operating Income: $198,295
  • Other Income 1: $19,572
  • Current Financing: Conventional
Expense Details
  • Operating Expense: $47,561
  • Expense Year: $2,024
  • Insurance Expense: $14,780
  • Maintenance Expense: $5,000
  • Other Expense: $3,000
  • Water Sewer Expense: $17,011
  • Real Estate Tax Expense: $4,770
  • Total Expenses: $47,561
Tax / Assessment Info
  • Tax Rate: 1.25
  • Tax Year: 2024
Community / Development
Community / Development
  • Investment Property: Yes
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Land/Lot Info
  • Sign on Property: No
  • Lot Features: Level with Street, Rectangular Lot, No Landscaping
  • Current Use: Commercial
  • Current Use Comments: Commercial & 6-Apartments
  • Land Use: Multi-Family, Retail
  • Land Lease: No
  • Topography: Level
  • Utilities: Electricity Connected, Natural Gas Connected, Phone Connected
  • Water Source: Public
Property / Structure Info
  • Building Status: Existing
  • Asset Class: Multi-Family, Retail
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Actual Rent: $1,248
  • Unit Type Area: 360
  • Unit Type Type: 1
  • Unit Type Description: Single
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Actual Rent: $1,350
  • Unit Type Area: 360
  • Unit Type Type: 2
  • Unit Type Description: Single
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Actual Rent: $1,300
  • Unit Type Area: 360
  • Unit Type Type: 3
  • Unit Type Description: Single
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Actual Rent: $973
  • Unit Type Area: 360
  • Unit Type Type: 4
  • Unit Type Description: Single
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Actual Rent: $520
  • Unit Type Area: 360
  • Unit Type Type: 5
  • Unit Type Description: Single
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Actual Rent: $1,350
  • Unit Type Area: 360
  • Unit Type Type: 6
  • Unit Type Description: Single
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Actual Rent: $6,000
  • Unit Type Area: 800
  • Unit Type Type: 7
  • Unit Type Description: Subj to Renewal
Unit 8
  • Unit Type Units Total: 1
  • Unit Type Actual Rent: $6,116
  • Unit Type Area: 1200
  • Unit Type Type: 8
  • Unit Type Description: McConnells
Unit Information
  • Number Of Units Leased: 8
  • Number Of Buildings: 2

Property History for 12073 Ventura Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 12073 Ventura Place

Taxable ValueLand$136,784Additions$113,518Total$250,302
Tax Record2024$4,770 ($398 / month)
Home Facts
Total Finished SqFt4,164 SqFtAbove Grade Finished SqFt4,164 SqFtStories1Lot Size5,001 SqFtStyleOffice BuildingYear Built1946ZoningLAC2CountyLOS ANGELESAPN2368-002-013

Schools near 12073 Ventura Place

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
Carpenter Community Charter 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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

12073 Ventura Place is a mixed use property for sale in Studio City, CA 91604. This property was listed for sale on October 20, 2024 by Monteleone Real Estate,Inc, it's currently listed at $8,500,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Carpenter Community Charter School, Walter Reed Middle School and North Hollywood Senior High School. 12073 Ventura Place is a 0-bed, 0-bath, 4,164 sqft mixed use property built in 1946.

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 Monteleone Real Estate,Inc, Mike Monteleone, DRE #00404713

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.