Daniel Withers
This listing was posted on Daniel Withers (via ListedBuy).
$18,500,000
10621 Valley Spring Ln, North Hollywood, CA 91602 MLS# 23-280459
Price:
$18,500,000
BR/BA:
10+ BA
Location:
10621 Valley Spring Ln, North Hollywood, CA
Description:
We are pleased to present the Studio Heights Apartments, a 45-unit apartment building located at 10621 Valey Spring Lane in the beautiful residential neighborhood of West Toluca Lake/North Hollywood, CA. Built in 1987, the property is not subject to LA City Sale Control (only subject to California State Sale Control). Current sales are approximately 25% under market providing a new investor the opportunity to renovate units and common areas in order to maximize saleal income. The building has an excellent unit mix consisting of 15 one-bedroom/one-bathroom units (3 of these units are moderate income affordable) and 30 two-bedroom/two-bathroom units. The property features controlled access, covered and gated parking, key fob entry, an elevator, an on-site laundry facility, leasing office, fitness center and a rooftop terrace with views and a spa. The units feature open floor plans with stainless steel appliances (select units), a gas range stove, central heat, air-conditioning, fireplaces (select units), and high ceilings (select units). The 44,848 SF building sits on a large 0.41 AC lot that is LAR3 zoned. 10621 Valley Spring Lane boasts a Walk Score of 76 as it is just a short walk to trendy coffee shops, cafes, restaurants, and retail along both Vineland Avenue and Riverside Drive. The property is conveniently located near the 101, 134, 170 freeways providing easy access to the surrounding Universal City, No Ho Arts District, Sherman oaks, Encino, Burbank, Holywood, and Glendale. The property is also a short walk (0.6 miles) from the Universal/Studio City and North Hollywood Metro Red Line Stations offering a viable public transportation option for tenants. Still available at ListedBuy!
Property Type:
Multi-Family Residences for Sale
Sq feet:
7,180 sq. ft.
Amenities:
AC, Elevator, Fireplace, Gated, Gym
For sale by:
Agent/Broker
Agent Name:
Daniel Withers
Posted:
July 6 2023 on ListedBuy
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More About this Listing: 10621 Valley Spring Ln, North Hollywood, CA 91602 MLS# 23-280459
10621 Valley Spring Ln, North Hollywood, CA 91602 MLS# 23-280459 is a 10 Bathroom, 10+ BA, 75 Bathroom Multi-Family Real Estate for Sale at 10621 Valley Spring Ln in North Hollywood CA. Find other listings like 10621 Valley Spring Ln, North Hollywood, CA 91602 MLS# 23-280459 and listings near 10621 Valley Spring Ln by searching Oodle Classifieds for 10 Bathroom, 10+ BA, 75 Bathroom Multi-Family Real Estate for Sale in North Hollywood CA.
10621 Valley Spring Ln, North Hollywood, CA 91602 MLS# 23-280459 is a 10 Bathroom, 10+ BA, 75 Bathroom Multi-Family Real Estate for Sale at 10621 Valley Spring Ln in North Hollywood CA. Find other listings like 10621 Valley Spring Ln, North Hollywood, CA 91602 MLS# 23-280459 and listings near 10621 Valley Spring Ln by searching Oodle Classifieds for 10 Bathroom, 10+ BA, 75 Bathroom Multi-Family Real Estate for Sale in North Hollywood CA.