The Kate Christiansen Group
Equity Union
(661) 347-2167
175 Total Sales
2 in Studio City
$1,145,000 Price Range
10944 Bluffside Dr Studio City, CA 91604
Studio City Area
Studio
40
Baths
20,628
Sq Ft
0.62
Acre Lot
Highlights
- 26,949 Sq Ft lot
- Property is near public transit
- Spanish Architecture
- Open Floorplan
- Wood Flooring
- No HOA
About This Home
As of October 2017Prime Studio City Location just steps from Ventura Blvd. Rare Opportunity to acquire a classic Hacienda style 40 unit Apartment Building on R-4 high density property. This Complex was built in 1983 and is NOT subject to rent control allowing for significant and immediate rental upside. Well maintained and freshly painted this building features 40 Studio/Jr 1 Bedroom units which are ALWAYS in HIGH DEMAND. Present Owners have extensively remodeled 23 of the 40 units proving new rent rates. Upgrades included new paint, new wood floors, new tiled floors in kitchen and bath, new appliances, new bathrooms and more. All units have full kitchens with refrigerator, freestanding gas stove, microwave, stainless steel sink, garbage disposal and breakfast bar. Most units have gas fireplaces and nearly half have patios or balconies. Low maintenance building keeps expenses down. Community laundry on premises. Close to all Major Studios, Freeways and Metro. A “Once in a Life time” offering.
Last Agent to Sell the Property
Berkshire Hathaway HomeServices California Properties License #00921430 Listed on: 06/29/2017
Last Buyer's Agent
Berkshire Hathaway HomeServices California Properties License #00921430 Listed on: 06/29/2017
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1983
Lot Details
- 26,949 Sq Ft Lot
- Two or More Common Walls
- Cul-De-Sac
- Rectangular Lot
- Paved or Partially Paved Lot
- Level Lot
- Front Yard Sprinklers
- Sprinklers on Timer
Home Design
- Spanish Architecture
- Apartment
- Turnkey
- Flat Roof Shape
- Slab Foundation
- Fire Rated Drywall
- Spanish Tile Roof
- Copper Plumbing
- Stucco
Interior Spaces
- 20,628 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Ceiling Fan
- Skylights
- Decorative Fireplace
- Gas Fireplace
- Window Screens
- Sliding Doors
- Living Room with Fireplace
- Leased Washer and Dryer
Kitchen
- Gas Range
- Microwave
- Laminate Countertops
- Disposal
Flooring
- Wood
- Carpet
- Tile
- Vinyl
Bedrooms and Bathrooms
- Mirrored Closets Doors
- 40 Bathrooms
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 37 Open Parking Spaces
- 40 Parking Spaces
- 3 Carport Spaces
- Parking Available
- Side by Side Parking
- Parking Lot
- Assigned Parking
Outdoor Features
- Exterior Lighting
- Rain Gutters
Utilities
- Cooling System Mounted To A Wall/Window
- Air Source Heat Pump
- Natural Gas Connected
- Central Water Heater
Additional Features
- No Interior Steps
- Property is near public transit
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas, telephone
- Tax Lot 30
- Tax Tract Number 3434
- Assessor Parcel Number 2366022059
Community Details
Overview
- No Home Owners Association
- 40 Units
Building Details
- 40 Leased Units
- 41 Separate Electric Meters
- 41 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $2,467
- Fuel Expense $3,498
- Gardener Expense $3,360
- Insurance Expense $7,287
- Maintenance Expense $14,498
- Other Expense $1,648
- Pest Control $1,320
- Professional Management Expense $36,246
- Supplies Expense $240
- Trash Expense $5,519
- Water Sewer Expense $11,134
- New Taxes Expense $154,840
- Operating Expense $243,618
- Gross Income $3,274
- Net Operating Income $473,702
Additional Features
- Laundry Facilities
- Resident Manager or Management On Site
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 29, 2017
Closed on
Oct 11, 2017
Sold by
Bought by
Seller's Agent
Ellen Model
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Ellen Model
Berkshire Hathaway HomeServices California Properties
List Price
$12,990,000
Sold Price
$12,600,000
Premium/Discount to List
-$390,000
-3%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,205,000
Interest Rate
3.78%
Mortgage Type
Commercial
Purchase Details
Listed on
Jun 29, 2017
Closed on
Oct 1, 2017
Sold by
Bought by
Seller's Agent
Ellen Model
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Ellen Model
Berkshire Hathaway HomeServices California Properties
List Price
$12,990,000
Sold Price
$12,600,000
Premium/Discount to List
-$390,000
-3%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,205,000
Interest Rate
3.78%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Studio City, CA
-
The Kate Christiansen Group
-
Laura Shaw
Laura Shaw
Equity Union
(747) 204-2780
21 Total Sales
1 in Studio City
$480,000 Price
-
Jessica Lane
Jessica Lane
Equity Union
(661) 593-4010
59 Total Sales
1 in Studio City
$1,900,000 Price
-
Laura LeValley
Laura LeValley
Equity Union
(747) 279-4681
7 Total Sales
1 in Studio City
$1,500,000 Price
-
Katherine Tellez
Katherine Tellez
Equity Union
(818) 412-9693
11 Total Sales
1 in Studio City
$1,275,000 Price
-
Tracey Feder
Tracey Feder
Equity Union
(424) 320-8930
31 Total Sales
4 in Studio City
$1.5M - $1.8M Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | California Title | ||
| $12,600,000 | California Title | ||
| -- | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $4,315,000 | ||
| Closed | $6,205,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/18/2017 10/18/17 | Sold | $12,600,000 | -3.0% | $611 / Sq Ft |
| 07/20/2017 07/20/17 | Pending | -- | -- | -- |
| 06/29/2017 06/29/17 | For Sale | $12,990,000 | -- | $630 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $174,045 | $14,336,647 | $9,102,634 | $5,234,013 |
| 2024 | $172,133 | $14,055,537 | $8,924,151 | $5,131,386 |
| 2023 | $168,786 | $13,779,939 | $8,749,168 | $5,030,771 |
| 2022 | $160,936 | $13,509,745 | $8,577,616 | $4,932,129 |
| 2021 | $159,005 | $13,244,849 | $8,409,428 | $4,835,421 |
| 2019 | $154,251 | $12,874,250 | $8,160,000 | $4,714,250 |
| 2018 | $36,262 | $2,812,024 | $1,072,620 | $1,739,404 |
| 2017 | $0 | $2,735,074 | $1,051,589 | $1,683,485 |
| 2016 | $34,487 | $2,681,446 | $1,030,970 | $1,650,476 |
| 2015 | $34,012 | $2,641,169 | $1,015,484 | $1,625,685 |
| 2014 | $34,386 | $2,589,434 | $995,593 | $1,593,841 |
Source: Public Records
Agents Affiliated with this Home
-
Ellen Model
Seller's Agent in 2017
Ellen Model
Berkshire Hathaway HomeServices California Properties
(818) 292-5413
19 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR17146891
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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