Studio City, CA 91604,4180 Arch DR

$12,000,000

Est. payment /mo

$12,995,000

7.7%
Est.Price: ?

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4180 Arch DR Studio City, CA 91604

60 Beds

60 Baths

30,364 SqFt

SOLD DATE : 12/11/2024

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

Sold Date 12/11/24

Bedrooms 60

HOA Y/N No

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

Fireplace No

Appliance Dishwasher, Microwave, Refrigerator, Washer

Exterior

Parking Features Underground

Total Parking Spaces 60

Building

Faces South

Story 4

Entry Level Three Or More

Architectural Style Cape Cod

Level or Stories Three Or More

New Construction No

Others

Senior Community No

Tax ID 2366025002

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by David Saghian • Kidder Mathews of California, Inc.
Bought with David Saghian • Kidder Mathews of California, Inc.

John Vogel

Real Estate Advisor | License ID: DRE 01445571

+1(760) 712-2437

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