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Christopher Rizzotti
DRE#: 01298167
Burbank, CA 91505
818-262-5446

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Listing 18 out of 115
$1,899,000 For Sale

4455 Bakman Avenue
Studio City, CA 91602

6 units | Multi Family Home
9953 sq ft - MLS# SR19004599
Property Photo

Description

We are proud to represent this 6-unit apartment building in Studio City. The building was constructed in 1958. Its unit mix consists of (1) three-bedroom, two-bathroom single family home, (1) two-bedroom, one-bathroom unit,and (4) one-bedroom, one-bathroom units. With a lot size of 9,953 square feet, the property has a total of 5,206 rentable square feet. The property, which is situated among multi-million dollar properties, is situated in a prime Studio City area. Its surrounding area features established character homes and quiet tree-lined streets, and is within walking distance to Woodbridge Park and Tujunga Village. It is also near Ventura Boulevard, which boasts a variety of trendy shops and stylish food spots. Aside from its urban attractions, Studio City residents also have access to woodsy hiking trails which have great, panoramic views of the San Fernando Valley. Studio City has easy access to the 101, 134, 170, 405, and 5 freeways, and therefore is a great location within the greater Los Angeles area. It has tremendous upside in rents, and has undergone recent upgrades, including upgraded electrical and copper plumbing and is completely turnkey. There are four enclosed garages and owner owned laundry machines on site. The property is over a 6 cap on market rents which doesn't exist in this location. It is separately metered for gas and electricity.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • Zip Code: 91602
  • Year Built: 1958
  • Units: 6 units
  • # of Parking Spaces: 4.00
  • Lot Size: 9953 sq ft
  • Zoning: LAR1
  • Area: STUD - Studio City
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 5206.00
  • Building Area Units: Square Feet
  • Common Walls: 1 Common Wall
  • Community Features: Sidewalks, Suburban, Valley
  • Country: US
  • Directions: East of 170; South of 101
  • Electric Expense: 2100.00
  • Garage Spaces: 4.00
  • Gross Income: 96149.00
  • Gross Scheduled Income: 96149.00
  • Insurance Expense: 1500.00
  • Laundry Features: Community, Dryer Included
  • Laundry YN: Yes
  • Listing Agent License: 00885625
  • Listing Office License: 01428774
  • Lot Features: 21-25 Units/Acre
  • Lot Size Area: 9952.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CN
  • Net Operating Income: 59389.00
  • New Taxes Expense: 22713.00
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 6
  • Operating Expense: 36760.00
  • Property Attached YN: Yes
  • Sewer: Public Sewer
  • Total Expenses: 36760.00
  • Trash Expense: 2676.00
  • Water Sewer Expense: 2100.00
  • Water Source: Public
  • Year Built Source: Assessor
Courtesy of Keller Williams Realty-Studio, Cindy Hill

818-262-5446 | Contact Me
Burbank, CA 91505
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