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4224 Gentry Avenue

Studio City, CA 91604
  • $1,899,999
  • STATUS: Active Under Contract
  • ON SITE: 113 Days
  • ID#: SR22121698
Under Contract
UPDATED: 42 min ago
$1,899,999
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1948
County:

School Ratings & Info

Listing Agent(s): Garen Gozumian of Garen Gozumian (818-590-9559)


Description

Charming 4-unit property in an A++ Location, prime Studio City. So rarely does a multi-unit asset become available in this area. The only one of its kind on the market!Located in quiet and private pocket of mostly multi-million dollar single family homes. The neighborhood is insulated from noise and traffic by the river but still walking distance to Studio City Farmer's Market and all the nearby restaurants and shops on Ventura. Walk Score of 85!There are 2 buildings on the property, one in the front and one in the back. There are two (2) units in the front building and two (2) in the back building above the garages. All units are 1 bed and 1 bath units. Due to the layout of the units, there is no one above or below any of the units!The front building has two (2) large 1bd/1ba units with private rear outdoor patios. The rear building has two (2) additional 1bd/1ba units above the four garages. All units are occupied.Consistently strong rental demand due to the combination of privacy afforded by the river and proximity to the activity on Ventura Pl/Blvd. A Listing of this quality is a rare find in Studio City. Carpenter school district, excellent opportunity to own a unique character asset in a prime location!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-09-29T09:29:50.083. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.
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4224 Gentry Avenue Studio City, CA 91604

  • Price: $1,899,999
  • Status: Active Under Contract
  • On Site: 113 Days
  • Updated: 42 min ago
  • ID#: SR22121698
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1948
Built
Neighborhood:
STUD - Studio City
County:
Los Angeles
Area:
STUD - Studio City
Property Description
Charming 4-unit property in an A++ Location, prime Studio City. So rarely does a multi-unit asset become available in this area. The only one of its kind on the market!Located in quiet and private pocket of mostly multi-million dollar single family homes. The neighborhood is insulated from noise and traffic by the river but still walking distance to Studio City Farmer's Market and all the nearby restaurants and shops on Ventura. Walk Score of 85!There are 2 buildings on the property, one in the front and one in the back. There are two (2) units in the front building and two (2) in the back building above the garages. All units are 1 bed and 1 bath units. Due to the layout of the units, there is no one above or below any of the units!The front building has two (2) large 1bd/1ba units with private rear outdoor patios. The rear building has two (2) additional 1bd/1ba units above the four garages. All units are occupied.Consistently strong rental demand due to the combination of privacy afforded by the river and proximity to the activity on Ventura Pl/Blvd. A Listing of this quality is a rare find in Studio City. Carpenter school district, excellent opportunity to own a unique character asset in a prime location!
Exterior Features

Foundation Details Raised Lot Features 2-5 Units/Acre Number Of Separate Electric Meters 4 Parking Features Garage Faces Rear Parking Total 4 Pool Features None Pool Private YN No Property Attached YN Yes Spa Features None Spa YN No

Interior Features

Appliances DishwasherGas Range Common Walls 1 Common WallEnd UnitNo One AboveNo One Below Cooling Central AirWall/Window Unit(S) Cooling YN Yes Fireplace Features Living Room Fireplace YN Yes Flooring Wood Heating CentralWall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 3.61 Common Interest None Community Features BikingGolfHikingPark Electric Expense 750 Garage YN Yes Gross Income 101556 Gross Scheduled Income 101556 Insurance Expense 2555 Land Lease YN No Laundry Features Common Area Levels Multi/Split Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional Maintenance Expense 800 Net Operating Income 68671 New Construction YN No New Taxes Expense 23370 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 32885 Possession Close Of Escrow Property Sub Type Quadruplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 8203 Trash Expense 3010 Water Sewer Expense 1500 Water Source Public Zoning Lard1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-09-29T09:29:50.083. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.
 
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Beach City Brokers | BCB Premier Estates | The Miller Group
1716 South Catalina Avenue
Redondo Beach CA, 90277
Listing Agent(s): Garen Gozumian of Garen Gozumian (818-590-9559)