12934 Valleyheart Dr
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
12934 Valleyheart Dr
8 Unit Apartment Building $3,790,248 CAD ($473,781 CAD/Unit) 4.52% Cap Rate Studio City, CA 91604
Investment Highlights
- Terrific 8 unit apartment building situated in a prime Studio City neighborhood – one of the most high demand rental areas in the San Fernando Valley.
- The building is being sold with 12914 Valleyheart Dr. & 12918-12924 Valleyheart Dr. Buildings may be purchased together or separately.
- Located very close to The Shops at Sportsmen’s Lodge which include Erewhon, Sugarfish, and Equinox.
Executive Summary
Major Price Reduction!!! 12934 Valleyheart Dr. is a beautiful 8 unit apartment building located in the heart of Studio City, one of the most sought after locations in the San Fernando Valley. Constructed in 1954, the building has an excellent mix of units consisting of 4 - One Bed + One Bath Units and 4 - Two Bed + One Bath Units. These charming units are equipped with amenities including wall air conditioning, balconies, covered/gated parking, and secured entry. The building is located on a beautiful, tree lined street across from the Valleyheart Riverwalk. Tenants can enjoy close access to a variety of upscale shops, markets, and exercise facilities located at the nearby Shops at Sportsmen's Lodge. The building is being sold with 12914 Valleyheart Dr. & 12918-12924 Valleyheart Dr. Buildings may be purchased together or separately. This is a rare opportunity for an investor to purchase a value-add income property in a great Studio City location.
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,790,248 CAD | Apartment Style | Low Rise |
| Price Per Unit | $473,781 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.26 AC |
| Cap Rate | 4.52% | Building Size | 6,469 SF |
| Gross Rent Multiplier | 12.88 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1954 |
| Property Type | Multifamily | Parking Ratio | 1.24/1,000 SF |
| Property Subtype | Apartment |
| Price | $3,790,248 CAD |
| Price Per Unit | $473,781 CAD |
| Sale Type | Investment |
| Cap Rate | 4.52% |
| Gross Rent Multiplier | 12.88 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 6,469 SF |
| No. Stories | 2 |
| Year Built | 1954 |
| Parking Ratio | 1.24/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $3,195 CAD | - |
| 1+1 | 4 | $2,662 CAD | - |
1 of 1
Walk Score ®
Very Walkable (87)
PROPERTY TAXES
| Parcel Number | 2375-022-041 | Improvements Assessment | $779,600 CAD (2024) |
| Land Assessment | $519,702 CAD (2024) | Total Assessment | $1,299,303 CAD (2024) |
PROPERTY TAXES
Parcel Number
2375-022-041
Land Assessment
$519,702 CAD (2024)
Improvements Assessment
$779,600 CAD (2024)
Total Assessment
$1,299,303 CAD (2024)
zoning
| Zoning Code | LAR3 (multiple units) |
| LAR3 (multiple units) |
-
Gary Fox -
Miller & Desatnik Realty Corp.
(310) 202-9166
x302
1 of 2
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
12934 Valleyheart Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.