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12073-12077 Ventura Pl

4,164 SF 100% Leased Retail Building Studio City, CA 91604 £6,650,825 (£1,597/SF) 2.34% Net Initial Yield

Investment Highlights

  • Heavy Daily Foot Traffic

Executive Summary

PROBATE SALE! Administrator has Full Authority to Accept Offers. This is a Mixed-Use Commercial & Apartment Building in the Heart of 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 & 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. McConnell's Ice Cream has options to renew plus Alfred Coffee intends to renew in 2025. Both commercial tenants pay CAM Charges plus have yearly rent increases. The Apartments are month to month with below market rents. First time on the market in over 54 years. A Solid Investment fully leased and Ideal for 1031 Exchange.

Attachments

Financial Analysis
OM-12073 Ventura Pl

Data Room Click Here to Access

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
4,164 SF
Building Class
C
Year Built/Renovated
1946/2019
Price
£6,650,825
Price Per SF
£1,597
Net Initial Yield
2.34%
NOI
£155,629
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.83
Land Acres
0.11 AC
Zoning
LAC2
Frontage
47 ft on Ventura

Amenities

  • Property Manager on Site
  • Restaurant
  • Signage
  • Air Conditioning
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Walk Score ®
Walker's Paradise (94)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Blue Bottle Coffee
Trader Joe's
Comerica
Pret A Manger
Starbucks
First Republic Bank
Citi
U.S. Bank
The Counter Custom Burgers
Chase Bank

PROPERTY TAXES

Parcel Number 2368-002-013 Improvements Assessment £87,883
Land Assessment £107,027 Total Assessment £194,910

PROPERTY TAXES

Parcel Number
2368-002-013
Land Assessment
£107,027
Improvements Assessment
£87,883
Total Assessment
£194,910
(818) 917-1789

  • Listing ID: 33757900

  • Date on Market: 05/11/2024

  • Last Updated:

  • Address: 12073-12077 Ventura Pl, Studio City, CA 91604

The Retail Property at 12073-12077 Ventura Pl, Studio City, CA 91604 is currently available For Sale. Contact Moteleone Real Estate, Inc. for more information.

Nearby Listings

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12073-12077 Ventura Pl, Studio City, CA for sale Building Photo- Image 1 of 18
Alfred Coffee
12073-12077 Ventura Pl, Studio City, CA for sale Building Photo- Image 2 of 18
Alfred Coffee
12073-12077 Ventura Pl, Studio City, CA for sale Building Photo- Image 3 of 18
McConnell's Ice Cream
12073-12077 Ventura Pl, Studio City, CA for sale Building Photo- Image 4 of 18
Outdoor Seating
12073-12077 Ventura Pl, Studio City, CA for sale Building Photo- Image 5 of 18
Outdoor Seating
12073-12077 Ventura Pl, Studio City, CA for sale Building Photo- Image 6 of 18
McConnell's Ice Cream
12073-12077 Ventura Pl, Studio City, CA for sale Building Photo- Image 7 of 18
McConnell's Ice Cream
12073-12077 Ventura Pl, Studio City, CA for sale Building Photo- Image 8 of 18
Apartment Building
12073-12077 Ventura Pl, Studio City, CA for sale Building Photo- Image 9 of 18
Apartment Kitchen
12073-12077 Ventura Pl, Studio City, CA for sale Building Photo- Image 10 of 18
Apartment Unit
12073-12077 Ventura Pl, Studio City, CA for sale Building Photo- Image 11 of 18
Apartment Living Room
12073-12077 Ventura Pl, Studio City, CA for sale Building Photo- Image 12 of 18
Aerial View
12073-12077 Ventura Pl, Studio City, CA for sale Building Photo- Image 13 of 18
Aerial View
12073-12077 Ventura Pl, Studio City, CA for sale Building Photo- Image 14 of 18
Ventura Pl Street Market
12073-12077 Ventura Pl, Studio City, CA for sale Building Photo- Image 15 of 18
Aerial View
12073-12077 Ventura Pl, Studio City, CA for sale Building Photo- Image 16 of 18
Joan's on Third Neighbor
12073-12077 Ventura Pl, Studio City, CA for sale Building Photo- Image 17 of 18
Ventura Place North West View

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© 2024 CoStar Group

12073-12077 Ventura Pl
(818) 917-1789 x

12073-12077 Ventura Pl

Mike Monteleone

(818) 917-1789

(818) 917-1789

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