12918 Valleyheart Dr
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12918 Valleyheart Dr
12 Unit Apartment Building $3,595,000 ($299,583/Unit) 4.36% Cap Rate Studio City, CA 91604
Investment Highlights
- Terrific 12 Unit property (two side by side 6 unit apartment buildings) situated on two lots totaling 17,480 SF in a prime Studio City neighborhood.
- Property is being sold along with 12914 Valleyheart Drive + 12934 Valleyheart Drive. Buildings may be purchased separately or all together.
- Located very close to The Shops at Sportsmen’s Lodge which include Erewhon, Sugarfish, and Equinox.
Executive Summary
Major Price Reduction!!! 12918 & 12924 Valleyheart Dr. is a terrific 12 unit property consisting of two side by side 6 unit apartment buildings totaling 9,944 SF on two lots totaling 17,480 SF. The buildings are located in the heart of Studio City- one of the most sought after locations in the San Fernando valley. Built in 1954, the properties have an excellent mix of units consisting of 6 -One Bed + One Bath Units and 6 - Two Bed + One Bath Units. These charming units are equipped with amenities including wall air conditioning, balconies, covered/gated parking, and secured entry. The buildings are situated on a beautiful tree lined street across from the Valleyheart Riverwalk. Tenants can enjoy close access to a variety of upscale shops, markets, and exercise facilities located at the nearby Shops at Sportsmen's Lodge. Property is being sold along with 12914 Valleyheart Drive + 12934 Valleyheart Drive. Buildings may be purchased separately or all together. This is a rare opportunity for an investor to purchase a value-add income property in a great Studio City location.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,595,000 | Apartment Style | Low Rise |
| Price Per Unit | $299,583 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 4.36% | Building Size | 5,565 SF |
| Gross Rent Multiplier | 12.68 | No. Stories | 2 |
| No. Units | 12 | Year Built | 1954 |
| Property Type | Multifamily | Parking Ratio | 1.21/1,000 SF |
| Property Subtype | Apartment |
| Price | $3,595,000 |
| Price Per Unit | $299,583 |
| Sale Type | Investment |
| Cap Rate | 4.36% |
| Gross Rent Multiplier | 12.68 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 5,565 SF |
| No. Stories | 2 |
| Year Built | 1954 |
| Parking Ratio | 1.21/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $1,909 | - |
| 2+1 | 6 | $1,997 | - |
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Walk Score ®
Very Walkable (87)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $829,948 (2024) | |
| Land Assessment | $553,294 (2024) | Total Assessment | $1,383,242 (2024) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$553,294 (2024)
Improvements Assessment
$829,948 (2024)
Total Assessment
$1,383,242 (2024)
zoning
| Zoning Code | LAR3 (multiple units) |
| LAR3 (multiple units) |
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12918 Valleyheart Dr
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