Description
Two-story prime Studio City building. Excellent location next to a quiet residential neighborhood. We have a preliminary cost segregation study done. The company estimates that the new buyer will be able to write off between $600k and $900k the first year of ownership due to the new tax bill that allows 100% depreciation write off. This will save your buyer thousands. Back 8 covered carports in alley could be a good candidate to build 4 ADUs. Each unit has a spacious balcony. Some with great views. There have been thoughtful upgrades to the landscaping, and hardscape elevating the curb-appeal of this property. 26 total covered parking spots. There is a converted finished office/studio in the garage area with access ready for toilet/drainage and water supply. Updated laundry room with 2 coin-op drum washers and 2 coin-op stack dryers. There are 2 large 3-bedroom 2.5 bath townhouse units with washer/dryers. They both have private front yards. Six of the eight 1 bedroom 1 bath units have been completely upgraded with a mix of veneer wood and vinyl flooring. Three of the four 2-bedroom 2 bath units have been completely upgraded and are appointed similarly to the upgraded 1 bedroom units. Each unit has a ceramic log natural gas fireplace with wall switch ignition.The building is a mix of primarily timber framing (with sheer walls) and heavy steel construction. Flat BUR roof was completely replaced circa 2017.95% of the plumbing has been replaced with PEX and copper. 10 of the 14 units have been fitted with water use meters. Currently, 9 of those units (meters) are billed through management for both water and sewer, at the same rate as LADWP. The remaining 4 units can be easily upgraded to the metered system. The tenants basically pay some of the utilities...specifically the use of water and the related sewer charges. This makes a very low cost to operate the building.11 of the AC units have been upgraded to reduced energy draw. The power to the building is a 600v main with 14, 50-amp service to each unit, and upgraded sub-panels. Only one original in-unit sub-panel remains.
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20BEDS
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0.3ACRES
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22BATHS
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01/2 BATHS
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13,396SQFT
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$343$/SQFT
School Ratings & Info
Description
Two-story prime Studio City building. Excellent location next to a quiet residential neighborhood. We have a preliminary cost segregation study done. The company estimates that the new buyer will be able to write off between $600k and $900k the first year of ownership due to the new tax bill that allows 100% depreciation write off. This will save your buyer thousands. Back 8 covered carports in alley could be a good candidate to build 4 ADUs. Each unit has a spacious balcony. Some with great views. There have been thoughtful upgrades to the landscaping, and hardscape elevating the curb-appeal of this property. 26 total covered parking spots. There is a converted finished office/studio in the garage area with access ready for toilet/drainage and water supply. Updated laundry room with 2 coin-op drum washers and 2 coin-op stack dryers. There are 2 large 3-bedroom 2.5 bath townhouse units with washer/dryers. They both have private front yards. Six of the eight 1 bedroom 1 bath units have been completely upgraded with a mix of veneer wood and vinyl flooring. Three of the four 2-bedroom 2 bath units have been completely upgraded and are appointed similarly to the upgraded 1 bedroom units. Each unit has a ceramic log natural gas fireplace with wall switch ignition.The building is a mix of primarily timber framing (with sheer walls) and heavy steel construction. Flat BUR roof was completely replaced circa 2017.95% of the plumbing has been replaced with PEX and copper. 10 of the 14 units have been fitted with water use meters. Currently, 9 of those units (meters) are billed through management for both water and sewer, at the same rate as LADWP. The remaining 4 units can be easily upgraded to the metered system. The tenants basically pay some of the utilities...specifically the use of water and the related sewer charges. This makes a very low cost to operate the building.11 of the AC units have been upgraded to reduced energy draw. The power to the building is a 600v main with 14, 50-amp service to each unit, and upgraded sub-panels. Only one original in-unit sub-panel remains.
Based on information from the Combined LA/Westside Multiple Listing Service as of 2026-01-16T20:43:16.057. 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.