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listing
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CommercialFor Sale
$8,500,000
12073 Ventura Place
Studio City, CA 91604
Listed by Mike Monteleone DRE#00404713 [email protected] Monteleone Real Estate,Inc
MLS: California Regional MLS (CRMLS)
Est. Mortgage
$43,975/mo

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.

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Information courtesy of Monteleone Real Estate,Inc is subject to verification and is not guaranteed.
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