< Back to SearchPrinter Friendly
     For additional information, contact Wolf Baschung, Ccim, Cpm Phone: (213) 927-2113
Have a Question?Request a Showing

 
 
 
 
11145 SUNSHINE TER, Studio City, CA 91604
Listing# 17229918
 
 
 
 
Price: $6,050,000
Sq. Feet: 14998
Type: Residential Income
County: Los Angeles
 
 
 
 
    Photo of home for sale at 11145 SUNSHINE Terrace, Studio City CA
House image thumbnailHouse image thumbnailHouse image thumbnailHouse image thumbnailHouse image thumbnailHouse image thumbnailHouse image thumbnailHouse image thumbnailHouse image thumbnail
 
 
 
 
MAPS:
 
 
 
 
Remarks
 
 
 
 
We are pleased to introduce 11145 Sunshine Terrace, located in Studio City, CA. This is a rare opportunity for an investor to acquire a trophy apartment building in the hills of Studio City. This 2009 construction building is not subject to rent control. The rents are currently below market, and a new owner could step in and raise rents to market with relatively minimal work required. This property lacks direct competition in its immediate area. The minimum home rental price in the immediate area hovers around $5, 500. There is plenty of room between that price and the building's current rents, which provides plenty of upside to be capitalized upon. These 3 bedroom 2.5 bath townhomes are condo mapped, with several layouts, and were originally built to be sold individually. This presents a new owner with an opportunity to hold onto these units as a rental property or to individually spin them off when market pricing is optimal.

 
 
 
 
OVERVIEW:
 
 
 
 
Original MLS:17-229918:CLAW
Property Type:Residential Income
Listing Status:Active
Area Name:Studio City
Year Built:2009
Square Feet:14998
Parking Type:Other
Garage Spaces:18
Heat Type:Other
Cooling Type:Other
 
 
 
 
FEATURES:
 
 
 
 
Interior Features:Other
 
 
 
 
FINANCIAL:
 
 
 
 
Listing Price:$6,050,000
Gross Operating Income:$335,700
Mortgage Calculator

Mortgage Calculator

$
0% 3% 5% 10% 20% 30%
years
%
$
$
$
$
$
$
$
$

Neighborhood Information

School Information

Broker Reciprocity Courtesy of Filip Niculete - Marcus & Millichap

 

 

The information being provided by CARETS 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 CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. 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.

 

CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprised of CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (Ventura County Regional Data Share). 

 

Data last updated: 12/14/2017


Call For an Appointment: 213-927-2113

CLAW - Los Angeles, CA IDX service by WolfNet Technologies, LLC© 2017 Terms of Use