Two-story prime Studio City building. Excellent location next to a quiet residential neighborhood. We have a preliminary cost segregation study done. The company estimates that the new buyer will be able to write off between $600k and $900k the first year of ownership due to the new tax bill that… Read More allows 100% depreciation write off. This will save your buyer thousands. Back 8 covered carports in alley could be a good candidate to build 4 ADUs. Each unit has a spacious balcony. Some with great views. There have been thoughtful upgrades to the landscaping, and hardscape elevating the curb-appeal of this property. 26 total covered parking spots. There is a converted finished office/studio in the garage area with access ready for toilet/drainage and water supply. Updated laundry room with 2 coin-op drum washers and 2 coin-op stack dryers. There are 2 large 3-bedroom 2.5 bath townhouse units with washer/dryers. They both have private front yards. Six of the eight 1 bedroom 1 bath units have been completely upgraded with a mix of veneer wood and vinyl flooring. Three of the four 2-bedroom 2 bath units have been completely upgraded and are appointed similarly to the upgraded 1 bedroom units. Each unit has a ceramic log natural gas fireplace with wall switch ignition.The building is a mix of primarily timber framing (with sheer walls) and heavy steel construction. Flat BUR roof was completely replaced circa 2017.95% of the plumbing has been replaced with PEX and copper. 10 of the 14 units have been fitted with water use meters. Currently, 9 of those units (meters) are billed through management for both water and sewer, at the same rate as LADWP. The remaining 4 units can be easily upgraded to the metered system. The tenants basically pay some of the utilities...specifically the use of water and the related sewer charges. This makes a very low cost to operate the building.11 of the AC units have been upgraded to reduced energy draw. The power to the building is a 600v main with 14, 50-amp service to each unit, and upgraded sub-panels. Only one original in-unit sub-panel remains. Read Less
Courtesy of eXp Realty of Greater Los Angeles 888-652-1314
Listing Snapshot
Days Online
117
Last Updated
Property Type
Other
Beds
20
Square Ft.
13,396
Lot Size
0.3 Acres
Year Built
1978
MLS Number
25591525
30 Days Snapshot Of 91604
$2.55M
-4%
(avg) sold price
6
-40%
homes sold
39
-45%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Oven-Gas, Range, Refrigerator, Range/Oven
Building
13,396 sq ft, Built in 1978, Levels: Two, Attached, Contemporary
Cooling
Air Conditioning
Disclosures
Rent Control
Exterior Features
Stucco
Fireplaces
Bath, Electric, Gas
Floors
Carpet, Wood Laminate, Vinyl Plank
Garage
None
Water Features
Water: District
Heating
Heat Pump
Laundry
Laundry Area
Lot
LotAcreage: 0.3042, LotSizeArea: 13,252, Corner Lot
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