Pending
$1,595,000
3 Units
4 Beds
3 Baths
2,117 Area(sq.ft.)
Lot: 6,184 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 1 | No | $ 2,895 | $ 2,895 | $ 2,895 |
| Unit 2 | 2 | 1 | 1 | No | $ 2,250 | $ 4,500 | $ 4,500 |
| 3 | 4 | 3 | $ 7,395 | $ 11,895 | $ 11,895 |
| MLS #: | 25536467 |
| Days On Market: | 257 |
| Listing Date: | March 24, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 753 |
| Price per unit: | $ 531,667 |
| Year Built: | 1956 |
Property Details
11420 Ventura Blvd is an Owner-User opportunity located in the heart of Studio City currently being operated as office space. This property features two buildings totaling 2,117 square feet, situated on a 6,184 square foot lot, and is zoned LAC2, allowing for a variety of commercial uses. The front building is 2 stories consisting of 2 units totaling 1,114 square feet. The rear building totals 1,003 square feet and includes 2 private offices, kitchen, and bathroom. ALL UNITS WILL BE DELIVERED VACANT, creating an ideal owner-user opportunity for office or multi-family. Additional features include a private gated parking lot that fits 6 cars and prime Ventura Boulevard frontage with high visibility and traffic. This property offers exceptional walkability to the many popular restaurants, cafes, and shops along Ventura Boulevard and in Tujunga Village, making it an attractive location for businesses and/or tenants looking to be in a thriving, high-traffic area. Beyond its immediate usability, this property is primed for multi-family use or future development, offering strong potential for expansion or redevelopment in one of Studio City's most sought-after commercial corridors.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Vacancy Rate: | 100% |
| Gross Operating Income: | $ 86,078 |
| Total Annual Expense: | $ 22,185 |
| Net Operating Income: | $ 63,893 |
| Gross Annual Income: | $ 88,740 |
| Cap Rate: | 4.01% |
| Gross Rent Multiplier: | 17.97 |
Structure
| Type of Units: | Apartment |
| Buildings: | 2 |
| Levels: | Two |
| Security Features: | Gated |
Land & Parking
| Zoning: | LAC2 |
| Parking Garage: | Gated |
Interior
| AC/Cooling: | Air Conditioning, Central, Wall/Window |
| Equipment: | None |
| Heating: | None |
Exterior
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