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Key Details
Sold Price $12,000,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 30,364 sqft
Price per Sqft $395
MLS Listing ID 24441023
Bedrooms 60
Year Built 1990
Lot Size 0.375 Acres
Property Description
4180 Arch Drive, Studio City, CA 91604, is a well-maintained 36-unit multifamily property featuring 24 two-bedroom/two-bath units and 12 one-bedroom/one-bath units. Located on a quiet street off Arch and Ventura, this property is among only 24 buildings in Studio City, the top neighborhood in the San Fernando Valley, built after 1978 with 35 or more units. Falling under AB1482 rent control, it offers approximately 21% upside in rents. With its prime location in Studio City, renowned for its desirable lifestyle and amenities, this asset presents a compelling investment opportunity with significant rental growth potential in one of the most sought-after areas of the San Fernando Valley.
Location
State CA
County Los Angeles
Area Stud - Studio City
Zoning LAR4
Interior
Heating Central, Fireplace(s)
Cooling Gas
Exterior
Parking Features Underground
Building
Story 4
New Construction No
Others
Special Listing Condition Standard
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Bought with David Saghian • Kidder Mathews of California, Inc.