Value-Add Opportunity! 16 Unit Mid-Century Retro Garden Style Apartments in Prime Class "A" Location. Studio City is known as "The Jewel of The Valley". Close to New $100 Million Dollar Project-Shops at Sportsman's Lodge and $500 Million Dollar Project by Midwood. 1 block to Iconic Ventura Blvd & Ralphs Market. Close to Best Restaurants, Golf & Tennis Courts, Riverwalk Etc. Large units with Homestyle living and great privacy. Approx. 15,293 sf on .54 Acres (23,710) plus LAR-3 Zone. First time on the market in over 57 years! A Rare Opportunity for Investors to purchase a 16 Unit building with 8-Units Unrented & Decontrolled plus Rent Ready. 8- additional Units are rented 60% under market subject to Rent Control. New owners can immediately rent 8- units and achieve Maximum Rents. Great Unit Mix with 2- 3Br+2Ba, 3- 2Br+2Ba, 11-1Br+1Ba. 3 Bedroom Unit ideal for owners. Note! Current Rents on Financial Statement reflects all Units Rented and at Fair Market Rent but is Projected Income. New owner can Add Value through Capital Improvements, Increased Depreciation & Rent Growth. Also, a possibility to build up to 29 Units on current R-3 Zone. (Buyer to Verify). There's an 18 x40 Olympic Style heated pool, separate laundry room, separate yards, balconies, open floor plans, views, vaulted ceilings, large closets, built-ins, hardwood floors and fireplaces in many units. Separate Gas & Electric Meters. Soft Story Retrofit has been completed and 100% Copper Plumbing. 21 car parking with 11 covered. This is a Rare Find & Opportunity in Class "A" Location. Hurry!!
Source: School Digger
Source: Public Records
Source: Sperling's Best Places
86/100
Walk Score ®
42/100
Transit Score ®
56/100
Bike Score ®
5 nearby routes: 5 bus, 0 rail, 0 other
The average walkability score in the surrounding area is Walk Score: 48/100, Transit Score: 33/100, Bike Score: 38/100.
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Source: Realty.com
12958 Valleyheart Drive, Studio City, CA 91604 is a Apartment, Residential Income property listed for $6,500,000 The property is 15293 sq. ft with - bedrooms and 0 bathrooms
Realty.com has 26 photos of 12958 Valleyheart Drive.
Our records indicate that 12958 Valleyheart Drive was built in 1962.
The full address for this home is 12958 Valleyheart Drive, Studio City, CA 91604.
12958 Valleyheart Drive has been listed on Realty.com since Wed April 20, 2022
Most errands can be accomplished on foot. A few nearby public transportation options. Some bike infrastructure.
The average walkability score in the surrounding area is Walk Score: 48/100, Transit Score: 33/100, Bike Score: 38/100.
There are 3 schools assigned to this home. Check out the schools near 12958 Valleyheart Drive. Riverside Drive Charter Elementary School (Grades: PK - 5), Louis D. Armstrong Middle (Grades: 6 - 8), Valley International Preparatory High (Grades: 9 - 12)
Listing provided courtesy of:
Monteleone Real Estate,inc
(tel: 818-449-7004)
Listing agent:
Mike Monteleone
(tel: 818-449-7004)
(#F210006290)
This content last refreshed on 2025-12-18 23:57:05. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Export listing data of 12958 Valleyheart Drive, Studio City, CA 91604 : MLS# SR22074354
