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13018 Valleyheart Dr, Studio City, CA 91604
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13018 Valleyheart Dr Studio City, CA 91604

$3,695,000
  • 12 Beds
  • 11 Baths
  • 7,232 Sq.Ft.
For Sale
$3,695,000 Get Pre-Qualified
Map preview of 13018 Valleyheart Dr, Studio City, CA 91604

Property Overview: 13018 Valleyheart Dr Studio City, CA has 12 bedrooms, 11 bathrooms, 7,232 living square feet and 9,254 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by David Nalbandyan | BRE #01869296 | LA Premier Realty
Last checked: 13 minutes ago | Last updated: March 25th, 2024 | Source CRMLS | DOM: 88
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Home details

Lot Sq. Ft
9,254
HOA Dues
$0/mo
Year built
1961
Garage
13 Car
Property Type:
Apartment
Status
Active
MLS#
BB24026130
City
Studio City
County
Los Angeles
Time on Site
116 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 11
  • Total # of Buildings: 1
  • # of Electric Meters: 12
  • # of Gas Meters: 12
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 8
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 8
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $15,558
  • Total Rent: $15,558
  • Pro Forma/Market Rent: $18,800
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $849
  • Total Rent: $849
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 4
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $5,445
  • Total Rent: $5,445
  • Pro Forma/Market Rent: $5,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Open Houses for 13018 Valleyheart Dr

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Property Details for 13018 Valleyheart Dr

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 13
  • # of Parking Spaces: 13
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 11
  • Parcel Number: 2375020026
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: by coldwater and ventura
Neighborhood Information
  • Community Features: Curbs
View more facts & features

Local Studio City Agent

Sale History for 13018 Valleyheart Dr

Last leased for $2,600 on April 28th, 2022

  • February, 2024

  • Feb 6, 2024

    Date

    Active

    CRMLS: BB24026130

    $3,895,000

    Price

  • April, 2022

  • Apr 20, 2022

    Date

    Active

    CRMLS: BB22080077

    $2,595

    Price

  • Listing provided courtesy of CRMLS

    Brand new remodeled 2 bedroom in PRIME LOCATION, a block away from coldwater and ventura, near shopping, restaurants, bars, transportation and minutes to Los Angeles, Hollywood, Beverly Hills. NEW Kitchen cabinets, flooring, tiles, central AC, fixtures, windows and many more. Comes with 2 parking spots and large walk-in closet

  • April, 2022

  • Apr 20, 2022

    Date

    Leased

    CRMLS: BB22056638

    $2,750

    Price

  • Mar 21, 2022

    Date

    Active

    CRMLS: BB22056638

    $2,750

    Price

  • Listing provided courtesy of CRMLS

    Brand new remodeled 2 bedroom in PRIME LOCATION, a block away from coldwater and ventura, near shopping, restaurants, bars, transportation and minutes to Los Angeles, Hollywood, Beverly Hills. NEW Kitchen cabinets, flooring, tiles, central AC, fixtures, windows and many more. Comes with 2 parking spots and large walk-in closet

  • September, 2021

  • Sep 3, 2021

    Date

    Active Under Contract

    CRMLS: SR21187200

    $3,200,000

    Price

  • Aug 31, 2021

    Date

    Active

    CRMLS: SR21187200

    $3,200,000

    Price

  • Aug 31, 2021

    Date

    Active Under Contract

    CRMLS: SR21187200

    $3,200,000

    Price

  • Aug 25, 2021

    Date

    Pending

    CRMLS: SR21187200

    $3,200,000

    Price

  • Aug 24, 2021

    Date

    Active

    CRMLS: SR21187200

    $3,200,000

    Price

  • Listing provided courtesy of CRMLS

    Rare Opportunity to acquire an 11 Unit Apartment Building in Prime Studio City- Class "A" Location. Approx. 7,232 sf building and Approx. 9,246 sf land Zoned R-3 and Ideal for Investor or Developer. Also, has Great Potential for Condominium project. Close to Ventura Blvd and Coldwater Canyon, shopping, transportation and minutes to Los Angeles, Hollywood, Beverly Hills. Soft Story Retrofit recently completed. Has a great unit mix with 2-2 Bedrooms, 8-1 Bedroom's and 1-Single. Unit #5 2 bedroom to be vacant by Oct.1 and Unit #3 1 bedroom possibly to be vacant by 1/1/22. Built in 1961 this Rent Controlled Building also has a tremendous upside in rents. No pending evictions and all paying tenants and on month to month tenancy. Separate meters with tenants paying own utilities. Covered parking for 13 cars. Washer & dryer plus 11 refrigerators and stoves included. Sold AS-IS! Buyer to cooperate with Seller in a 1031 Tax Deferred Exchange at no cost to Buyer.

  • December, 1996

  • Dec 20, 1996

    Date

    Sold (Public Records)

    Public Records

    $594,000

    Price

Show More

Tax History for 13018 Valleyheart Dr

Assessed Value (2020): $885,092
Year Land Value Improved Value Assessed Value
2020 $354,430 $530,662 $885,092

Home Value Compared to the Market

This property vs the competition

13018 Valleyheart Dr is listed 94.47% higher than the median list price for the city of Studio City which has a median list price of $1,900,000. The median price per/sqft for Studio City is $860 and this home is listed at $510.92 per/sqft which puts the price per square foot 40.59% lower than the median price per square foot for the city of Studio City.

About 13018 Valleyheart Dr

Detailed summary of property

13018 Valleyheart Dr is a apartment located in Studio City, CA 91604 and is currently for sale. This apartment offers 12 bedrooms, 11 bathrooms, roughly 7,232 living square feet, and sits on an approximately 9,254 square foot lot. 13018 Valleyheart Dr was first listed on ArdentRealEstateGroup.com on February 6, 2024. The homeowner is currently asking $3,695,000 and was originally asking $3,895,000. The median priced home in Studio City is $1,900,000 with a median price per square foot of $860. Based on Ardent Real Estate Group's Studio City Market Data, this home is listed 94.47% higher than the median priced home. Local competing homes currently for sale include 10786 Missouri Ave, 1947 N Vista Del Mar Ave and 2016 N Vista Del Mar Ave. While the average home in Studio City, CA is selling in 68 days, 13018 Valleyheart Dr has a days on market of 88 days. There are currently 166 homes for sale in the Studio City real estate market and 122 of them are single family homes while 33 of them are condos and 11 are townhomes. For more information on this home for sale at 13018 Valleyheart Dr Studio City, CA 91604 contact Ardent Real Estate Group and we will put you in touch with one of our Studio City agents.

Public Facts for 13018 Valleyheart Dr

Public county record property details
Beds
12
Baths
11
Year built
1961
Sq. Ft.
7,232
Lot Size
9,265
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
18
APN
2375-020-026

The source for these homes facts are from public records.

91604 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,050,000
Median List Price/Sq.Ft.
$878
Median Sold Price
$1,825,000
Median Sold Price/Sq.Ft.
$799
Total Inventory
147
Median Sale to List Price %
96.31%
Avg Days on Market
19
Loan Type
Conventional (16.13%), FHA (0%), VA (0%), Cash (22.58%), Other (12.9%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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