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$5,100,000
Est. payment /mo
31 Beds
22 Baths
15,856 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 15,856 sqft
Price per Sqft $321
MLS Listing ID 25631471
Bedrooms 31
HOA Y/N No
Year Built 1962
Lot Size 0.708 Acres
Property Description
KW Commercial is pleased to present 11975 Laurelwood Drive, a 16-unit multifamily investment opportunity located in one of Studio City's premier rental neighborhoods. Built in 1962 and encompassing 15,856 SF of improvements on a 30,846 SF hillside parcel, the property features 16 oversized apartment units, all of which include large private balconies offering panoramic views of the Eastern San Fernando Valley, Laurel Canyon, and Ventura Boulevard. The asset is ideally positioned just blocks from two of Studio City's most influential economic and cultural hubs, CBS Radford Studio Center and the Ventura Place retail corridor, home to numerous cafes, restaurants, boutique retailers, Trader Joe's, and the highly regarded Carpenter Avenue School. This location provides residents with immediate access to a diverse collection of amenities, entertainment destinations, and employment centers. Historically, this submarket has delivered investors strong long-term rent growth, exceptional appreciation, and reliable value preservation. 11975 Laurelwood Drive offers an ideal mix of spacious, view-oriented units, including: Three (3) 3 Bedroom / 2 Bathroom units, Four (4) 2 Bedroom / 2 Bathroom units, Six (6) 2 Bedroom / 1 Bathroom units, and Four (4) 1 Bedroom / 1 Bathroom units. Many interiors feature open floor plans, stainless steel appliances, wood-style flooring, window blinds, ceiling fans, and wall A/C units. Due to its premium location and above-average unit sizes, the property consistently attracts a high-quality renter profile, as reflected by stable in-place income.
Location
State CA
County Los Angeles
Area Stud - Studio City
Zoning LAR3
Interior
Fireplace No
Exterior
Parking Features Assigned, Covered, Uncovered
Total Parking Spaces 17
Building
Entry Level Three Or More
Level or Stories Three Or More
New Construction No
Others
Senior Community No
Tax ID 2369017015
Special Listing Condition Standard
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Listed by Nick Astrupgaard KW Commercial Studio City
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