12073 Ventura Place, Studio City CA, 91604

Active

12073 Ventura Place

Studio City CA, 91604

$8,500,000

$2,041.31 per sqft

Active

4,164 sqft

Commercial

Built in 1946

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.

SR24216062

MLSⓇ ID

October 20, 2024

Listed

November 5, 2024

Updated

Map

12073 Ventura Place
Studio City CA, 91604

Interior Features

Total Stories: 2
Laundry Description: None
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.11 Acres
Lot Features: No Landscaping, Rectangular Lot, Street Level, Level

Other Property Details

Area Name: STUD - Studio City
Days on Market: 16
Garage: No
View: No
County: Los Angeles
Water Source: Public
Pool: No
Zoning: C2

Listed by Mike Monteleone, Monteleone Real Estate,Inc, CA DRE 00404713

Listing Contact: 818-917-1789

Based on information from the CRISNet MLS as of 11/5/2024, 9:13 PM UTC. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.