Studio City, CA 91604,4180 Arch Dr
$12,000,000
$12,995,000
7.7%
Est.Price: ?

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60 BD
60 BA
30,364 SqFt

4180 Arch Dr Studio City, CA 91604

Est. payment /mo
SOLD DATE : 12/11/2024

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Key Details

Sold Price $12,000,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 30,364 sqft

Price per Sqft $395

MLS Listing ID 24-441023

Style Cape Cod

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 Studio City

Zoning LAR4

Rooms

Other Rooms None

Interior

Heating Fireplace, Central

Cooling Air Conditioning, Gas

Equipment Elevator, Dishwasher, Microwave, Washer, Refrigerator

Exterior

Parking Features Subterranean

Garage Spaces 60.0

Building

Story 4

Others

Special Listing Condition Standard

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TheMLS (CLAW)
Listed by Kidder Mathews of California, Inc.
Bought with Kidder Mathews of California, Inc.

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agent

Norma Mardelli

Agent | License ID: 01477249

+1(818) 400-3794

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