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11145 Sunshine Ter, Studio City, CA 91604

$5,799,888

  • For Sale
  • Active
  • Multi-Family
11145 Sunshine Ter, Studio City, CA 91604View this property at 11145 Sunshine Ter, Studio City, CA 91604
11145 Sunshine TerStudio CityCA91604

Property Description

We are pleased to introduce 11145 Sunshine Terrace, located in Studio City, CA. This is a rare opportunity for an investor to acquire a trophy apartment building in the hills of Studio City. This 2009 construction building is not subject to rent control. The rents are currently below market, and a new owner could step in and raise rents to market with relatively minimal work required. This property lacks direct competition in its immediate area. The minimum home rental price in the immediate area hovers around $5,500. There is plenty of room between that price and the building's current rents, which provides plenty of upside to be capitalized upon.These 3 bedroom 2.5 bath townhomes are condo mapped, with several layouts, and were
originally built to be sold individually. This presents a new owner with an opportunity to hold onto these units as a rental property or to individually spin them off when market pricing is optimal.

Full Property Detailsfor 11145 Sunshine Ter

General

  • Price: $5,799,888
  • Status: Active
  • Type: Multi-Family
  • MLS ID: 17-229918
  • Updated: 4/16/2018
  • Added: 407 day(s) ago

Interior

  • Interior Features: Other

Parking

  • Parking Type: Other

Location

  • Area: Studio City (STUD)
  • County: Los Angeles
  • Development Name: Studio City (STUD)
  • Driving Directions: Near the corner of Sunshine Terrace and Fruitland Drive

Heating & Cooling

  • Cooling Type: Other
  • Heating Type: Other

Structural Information

  • # Buildings: 1
  • Square Feet: 14,180
  • Year Built: 2009

Unit Information

Unit 1

  • Total Bathrooms: 2
  • Bedrooms: 3

Unit 2

  • Total Bathrooms: 2
  • Bedrooms: 3

Unit 3

  • Total Bathrooms: 2
  • Bedrooms: 3

Unit 4

  • Total Bathrooms: 2
  • Bedrooms: 3

Unit 5

  • Total Bathrooms: 2
  • Bedrooms: 3

Unit 6

  • Total Bathrooms: 2
  • Bedrooms: 3

Unit 7

  • Total Bathrooms: 2
  • Bedrooms: 3

Unit 8

  • Total Bathrooms: 2
  • Bedrooms: 3

Lot Features

  • Lot Size (Sq. Ft.): 12,165
  • Lot Size Source: Vendor Enhanced
  • Zoning: LARD1.5

Financial Considerations

  • Price Per Sq. Ft.: $409.02

Disclosures and Reports

  • Legal Disclosures: Take Property As Is

Listed by Marcus & Millichap, Filip Niculete - CA DRE: 01905352

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Schools

Schoolsserving 11145 Sunshine Ter

School District:Los Angeles Unified School District
School Name
Grades
Distance
Rio Vista Elementary School, North Hollywood, CA
4243 Satsuma Ave, North Hollywood, CA 91602
K-5
0.5 mi
Walter Reed Middle School
4525 Irvine Ave, North Hollywood, CA 91602
6-8
1.1 mi
North Hollywood Senior High School
5231 Colfax Ave, North Hollywood, CA 91601
9-12
1.9 mi
Disclaimer: School data provided by Pitney Bowes. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History

Price & Sales Historyfor 11145 Sunshine Ter Get Price Alerts

Date
Details
Price
Change
Source
4/16/2018
Price Reduced
$5,799,888
-4.13%
MLS
10/10/2017
Price Reduced
$6,050,000
-1.63%
MLS
8/28/2017
Price Reduced
$6,150,000
-2.38%
MLS
6/27/2017
Price Reduced
$6,299,999
-3.08%
MLS
5/10/2017
Listed
$6,500,000
30.73%
MLS
9/24/2014
Sold
$4,972,000
Public Record
Disclaimer: Historical sales and tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Community Info

Community Infofor 11145 Sunshine Ter

Listed by Marcus & Millichap, Filip Niculete - CA DRE: 01905352

11145 Sunshine Ter, Studio City, CA 91604 (MLS# 17-229918) is a Multi-Family property with 8 units containing 0 bedrooms and 0 full bathrooms. 11145 Sunshine Ter is currently listed for $5,799,888 and was received on May 10, 2017. Want to learn more about 11145 Sunshine Ter? Do you have questions about finding other Multi-Family real estate for sale in Studio City? You can browse all Studio City real estate or contact a Coldwell Banker agent to request more information.