11975 Laurelwood dr, Studio City, CA 91604
Active
$6,200,000
16 Units
31 Beds
22 Baths
15,856 Area(sq.ft.)
Lot: 30,855 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 3 | 3 | 3 | No | $ 2,695 | $ 8,085 | $ 10,485 |
| Unit 2 | 3 | 2 | 2 | No | $ 2,735 | $ 8,205 | $ 9,450 |
| Unit 3 | 6 | 2 | 1 | No | $ 2,316 | $ 13,894 | $ 17,970 |
| Unit 4 | 4 | 1 | 1 | No | $ 1,815 | $ 7,258 | $ 10,780 |
| 16 | 31 | 25 | $ 37,446 | $ 161,266 | $ 210,745 |
| MLS #: | 25553051 |
| Days On Market: | 173 |
| Listing Date: | June 16, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 391 |
| Price per unit: | $ 387,500 |
| Year Built: | 1962 |
Property Details
11975 Laurelwood presents the unique opportunity to acquire a quintessential value-add property in one of the strongest rental locations in Los Angeles. Perched at the top of a hill with panoramic views of the entire San Fernando Valley, each unit has a terrific floor plan and offers an abundance of natural light. The property boasts an ideal unit mix for the area, consisting of all large three-bedroom three bath, two-bedroom two bath, two-bedroom one bath, and some one-bedroom one bath units. Other property features include a large pool and a pool room that can be converted to an ADU (Buyer to Verify), a well-landscaped facade, a charming sitting area, an on-site laundry room, and ample on-site parking, which is exempt from soft-story retrofit (Buyer to verify). Close to some of the entire Valley's best dining, retail, and nightlife, this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and acquire a premier turnkey asset in one of the best rental locations of Studio City.Interested in this Listing?
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Income Details
| Gross Operating Income: | $ 440,669 |
| Total Annual Expense: | $ 156,852 |
| Net Operating Income: | $ 283,817 |
| Gross Annual Income: | $ 454,148 |
| Cap Rate: | 4.58% |
| Gross Rent Multiplier: | 13.60 |
Structure
| Type of Units: | Apartments |
| Buildings: | 1 |
| Levels: | Multi/Split |
Land & Parking
| Zoning: | LAR3 |
| Parking Garage: | Assigned, Carport Attached |
| Total Parking: | 10 |
Interior
| AC/Cooling: | Air Conditioning, Wall Unit(s) |
| Equipment: | None |
| Heating: | Central |
| Laundry: | Laundry Area, In Unit |
Exterior
| Pool: | True |
| Pool Description: | In Ground |
Detailed Map
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