13018 Valleyheart Drive

Studio City, CA 91604

$3,695,000
Price
3
Beds
11
Baths
7,232 Sq. Ft.
$511 / Sq. Ft.
7,232
Sq. Ft.
$511
per Sq. Ft.

Description

Pleased to present a rare and unique opportunity to own an 11 Unit Value-Add property in the heart of Studio City, walking distance to the Shops at Sportsman's Lodge on Coldwater Blvd and the countless attractions, restaurants, bars, and cafes on Ventura Blvd. With over 36% percent upside in rents and significant capital already invested by Seller, this is an ideal opportunity for a Buyer seeking capital preservation and appreciation in a Class A location. The unit mix consists of Two - 2 Bedroom...Pleased to present a rare and unique opportunity to own an 11 Unit Value-Add property in the heart of Studio City, walking distance to the Shops at Sportsman's Lodge on Coldwater Blvd and the countless attractions, restaurants, bars, and cafes on Ventura Blvd. With over 36% percent upside in rents and significant capital already invested by Seller, this is an ideal opportunity for a Buyer seeking capital preservation and appreciation in a Class A location. The unit mix consists of Two - 2 Bedroom Units, Eight - 1 Bedroom Units, and One - Studio. Building is also settled on nearly a 10K lot with No Soft Story Retrofit required while offering an ADU opportunity for the next Buyer.
  1. Listed by David Nalbandyan • DRE #01869296 • LA Premier Realty • info@lapremierrealty.com

Property Details for 13018 Valleyheart Drive

Parking Spaces Total
13
Private Pool
No
Total Units
11.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
7232
Assessor Parcel Number
2375-020-026
Property Attached YN
true

Location

Listing Courtesy of LA Premier Realty, David Nalbandyan, DRE #01869296
Add your commute
LISTING UPDATED: 03/25/2024 06:49 AM

Property Details for 13018 Valleyheart Drive

StatusActive
MLS #BB24026130
Days on Market72
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1961
CountyLos Angeles County

Location

Listing Courtesy of LA Premier Realty, David Nalbandyan, DRE #01869296
Add your commute

Building Information for 13018 Valleyheart Drive

Building/Complex13018 Valleyheart DrFloor-Stories2Residences-Pet Policy-Year Built1961Building Size-

Payment Calculator

$23,540 per month

30 year fixed, 7.25% Interest

Principal and Interest

$20,165

Property Taxes

$3,375

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 13018 Valleyheart Drive

Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
Expense Details
  • Operating Expense: $0
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Tract Number: 653
  • Tax Census Tract: 1439.02
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 18
Community / Development
Community / Development
  • Community Features: Curbs
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Exterior Features
  • Entry Location: valleyheart
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 11
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 13
  • Parking Garage Spaces: 13
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 4
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $5,445
  • Unit Type Total Rent: $5,445
  • Unit Type Pro Forma: 5600
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 8
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 8
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $15,558
  • Unit Type Total Rent: $15,558
  • Unit Type Pro Forma: 18800
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $849
  • Unit Type Total Rent: $849
  • Unit Type Pro Forma: 1900
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 1

Property History for 13018 Valleyheart Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 13018 Valleyheart Drive

Taxable ValueLand$2,346,000Additions$918,500Total$3,264,500
Tax Record2023$40,498 ($3,375 / month)
Home Facts
Total Finished SqFt7,232 SqFtAbove Grade Finished SqFt7,232 SqFtLot Size9,265 SqFtStyleMulti-Family Res (5+ Units)Year Built1961ZoningLAR3CountyLOS ANGELESAPN2375-020-026

Schools near 13018 Valleyheart Drive

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Charter - K to 5
Charter - 6 to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Dixie Canyon Community Charter School
CharterK to 5

Louis D. Armstrong Middle School
Charter6 to 8

Ulysses S. Grant Senior High School
Public9 to 12

High Tech LA Middle
Charter6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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13018 Valleyheart Drive is a multi-family home for sale in Studio City, CA 91604. This property was listed for sale on February 5, 2024 by LA Premier Realty, it's currently listed at $3,695,000. It has been on the market for a total of 72 days and was last sold on November 12, 2021. This listing's school district is Los Angeles Unified School District. Nearby schools include Dixie Canyon Community Charter School, Louis D. Armstrong Middle School and Ulysses S. Grant Senior High School. 13018 Valleyheart Drive is a 3-bed, 11-bath, 7,232 sqft multi-family home built in 1961.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of LA Premier Realty, David Nalbandyan, DRE #01869296

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.