12918 Valleyheart Drive

Studio City, CA 91604

$3,595,000
Price
18
Beds
12
Baths
9,944 Sq. Ft.
$362 / Sq. Ft.
9,944
Sq. Ft.
$362
per Sq. Ft.

Description

Major Price Reduction! 12918 & 12924 Valleyheart Dr. is a terrific 12 unit property consisting of two side by side 6 unit apartment buildings located in the heart of Studio City, one of the most sought after locations in the San Fernando valley. Built in 1954, the properties have an excellent mix of units consisting of 6 -One Bed + One Bath Units and 6 - Two Bed + One Bath Units. These charming units are equipped with amenities including wall air conditioning, balconies, covered/gated parking, and...Major Price Reduction! 12918 & 12924 Valleyheart Dr. is a terrific 12 unit property consisting of two side by side 6 unit apartment buildings located in the heart of Studio City, one of the most sought after locations in the San Fernando valley. Built in 1954, the properties have an excellent mix of units consisting of 6 -One Bed + One Bath Units and 6 - Two Bed + One Bath Units. These charming units are equipped with amenities including wall air conditioning, balconies, covered/gated parking, and secured entry. The buildings are 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. Property is being sold along with 12914 Valleyheart Drive + 12934 Valleyheart. Buildings may be purchased separately or all together. 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 12918 Valleyheart Drive

Zoning
LAR3
Parcel Number
2375022038
Total Units
12.0
Living Area
9944
Source Living Area
Assessor
Area
Studio City (STUD)
Vacancy Rate
$8,460
Lot Size Area
17480
LISTING UPDATED: 10/28/2024 03:40 PM

Property Details for 12918 Valleyheart Drive

StatusActive
MLS #24-391251
Days on Market195
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1954
Lot Size0.40 AC / 17,480 SF
CountyLos Angeles County

Building Information for 12918 Valleyheart Drive

Stories2Residences-Year Built1954Building Size-Lot Size0.40 AC / 17,480 SF

Property Information for 12918 Valleyheart Drive

Community / Development
Community / Development
  • Number Of Units: 12
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • 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: $274,968
  • Net Operating Income: $156,688.00
  • Gross Income: $283,428
  • Cap Rate: 4.36%
  • Gross Rent Multiplier: $12.68
  • Other Income1: $281,988.00
  • Laundry Income: $1,440
  • Total Annual Expense: 118280
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1947
  • Lot Size Square Feet: 17480
Parking Details
Parking Details
  • Parking Garage: Covered Parking, Gated
  • Total Parking: 12
  • Parking Features: Covered, Gated
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Wall Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Range/Oven, Refrigerator
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: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,668.00
  • Unit Actual Rent: $1,668.00
  • Unit Projected Rent: $1,668.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,000.00
  • Unit Actual Rent: $2,000.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 4 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 5 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,569.00
  • Unit Actual Rent: $1,569.00
  • Unit Projected Rent: $1,569.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,919.00
  • Unit Actual Rent: $1,919.00
  • Unit Projected Rent: $1,919.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,950.00
  • Unit Actual Rent: $1,950.00
  • Unit Projected Rent: $1,950.00
  • Like Units: 1
Unit 8 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,022.00
  • Unit Actual Rent: $2,022.00
  • Unit Projected Rent: $2,022.00
  • Like Units: 1
Unit 9 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,033.00
  • Unit Actual Rent: $2,033.00
  • Unit Projected Rent: $2,033.00
  • Like Units: 1
Unit 10 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,871.00
  • Unit Actual Rent: $1,871.00
  • Unit Projected Rent: $1,871.00
  • Like Units: 1
Unit 11 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,918.00
  • Unit Actual Rent: $1,918.00
  • Unit Projected Rent: $1,918.00
  • Like Units: 1
Unit 12 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,888.00
  • Unit Actual Rent: $1,888.00
  • Unit Projected Rent: $1,888.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115, 2116, 2117
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $406,838.00
  • Assessed Improvement Percent: 60.0
  • Assessed Land Value: $271,223.00
  • Assessed Land Percent: 40
  • Assessed Total Value: $678,061.00

Property History for 12918 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 12918 Valleyheart Drive

Taxable ValueLand$276,647Additions$414,974Total$691,621
Tax Record2024$9,380 ($782 / month)
Home Facts
Total Finished SqFt4,972 SqFtAbove Grade Finished SqFt4,972 SqFtLot Size8,479 SqFtStyleMulti-Family Res (5+ Units)Year Built1954ZoningLAR3CountyLOS ANGELESAPN2375-022-038

Schools near 12918 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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12918 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 $3,595,000. 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. 12918 Valleyheart Drive is a 18-bed, 12-bath, 9,944 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.