Description
We are pleased to introduce 11145 Sunshine Terrace Avenue, located in Studio City, CA. This is rare opportunity for an investor to acquire a trophy 8-unit condominium building in the hills of Studio City, south of Ventura Blvd.This 2009 construction building is not subject to any state or city rent control laws. The rents are currently below market, and a new owner could step in and raise rents to market with relatively minimal work required. Furthermore, there are 3 recent vacancies that the Seller is leaving vacant for marketing purposes. A buyer can choose to rent these vacancies during escrow or close escrow with them vacant, depending on the buyer's investment strategy.These large 3 bedroom, 2.5 bath town-homes are individually condo mapped meaning each condo has its own APN and therefore can be sold separately in the future.
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24BEDS
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0.28ACRES
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0BATHS
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01/2 BATHS
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14,180SQFT
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$423$/SQFT
School Ratings & Info
Description
We are pleased to introduce 11145 Sunshine Terrace Avenue, located in Studio City, CA. This is rare opportunity for an investor to acquire a trophy 8-unit condominium building in the hills of Studio City, south of Ventura Blvd.This 2009 construction building is not subject to any state or city rent control laws. The rents are currently below market, and a new owner could step in and raise rents to market with relatively minimal work required. Furthermore, there are 3 recent vacancies that the Seller is leaving vacant for marketing purposes. A buyer can choose to rent these vacancies during escrow or close escrow with them vacant, depending on the buyer's investment strategy.These large 3 bedroom, 2.5 bath town-homes are individually condo mapped meaning each condo has its own APN and therefore can be sold separately in the future.
Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-02-25T21:42:39.757. 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.