NOT LISTED FOR SALE

12602 Moorpark St Studio City, CA 91604

10 Beds
10 Baths
9,249 Sq Ft
6,405 Sq Ft Lot

Last Sold December 02, 2022

Last sale price $5,425,000 $587 Per Sq Ft

40 Days on Market

Highlights

  • Gated Parking
  • Wood Flooring
  • 4-minute walk to Beeman Park
  • Ulysses S. Grant Senior High School Rated A-

About This Home

As of December 2022

We are proud to present The Beeman Apartments, a luxury and modern 8-unit apartment complex located in the heart of Studio City. This fully non-rent-controlled property is ideally situated between Coldwater Canyon and Laurel Canyon Ave, within walking distance from Ventura Blvd and all the shopping, dining, and entertainment that Studio City has to offer. This property is being offered for sale for the very first time, being sold by the original developer and architect.Built in 2017, this 8-unit property sits on a corner lot with an alley behind, and the 9,249 square foot building is comprised of (6) 1 bed / 1 bath units and (2) 2 bed / 2 bath units. The property boasts unique contemporary architecture on a family-friendly tree lined street, and the large units provide bright and open floor plans with impressively tall 9' or 13' ceilings. Each unit comes with a stunning European style kitchen, new stainless steel appliance, a private large balcony with translucent glass guardrails to provide light and visual privacy, and a full sized washer/dryer. The tenants can enjoy ample secure and gated parking spots, a locked enclosure for bicycles, abundant storage spaces, convenient building access through an elevator serving each floor, and a beautiful furnished roof deck that gives dramatic views of the Hollywood Hills and San Gabriel Mountains.This property presents a rare opportunity for an investor to acquire a true pride of ownership, ease of management, and truly unique non-rent-controlled property in one of the best locations the San Fernando Valley has to offer.

Last Agent to Sell the Property

Filip Niculete

Marcus & Millichap License #01905352 Listed on: 10/07/2022

Co-Listed By

Glen Scher

Marcus & Millichap License #01962976

Last Buyer's Agent

Heather Altman

Douglas Elliman of California, Inc. License #01833121

Douglas Elliman of California, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2017

Lot Details

  • 6,405 Sq Ft Lot
  • Lot Dimensions are 54x120

Parking

  • 11 Car Garage
  • No Garage
  • Gated Parking

Interior Spaces

  • 9,249 Sq Ft Home
  • 4-Story Property
  • Elevator
  • Wood Flooring

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Cable TV Available

Community Details

  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 2375-003-013

Property Details

Home Type

Multi-Family

Year Built

Built in 2017

Lot Details

0

Parking

11

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 9249
  • Lot Acreage: 0.1470
  • Lot Dimensions: 54x120
  • Stories: 4
  • Year Built: 2017
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Wood
  • Bedrooms: 10
  • Total Bathrooms: 10.00
  • Equipment: Dishwasher, Dryer, Elevator, Microwave, Washer, Refrigerator, Range/Oven, Cable, Garbage Disposal
  • Price Per S Q F T: 594.66

Exterior Features

  • Other Structures: None

Garage/Parking

  • Garage Spaces: 11
  • Covered Parking: 11
  • Parking Garage: Covered Parking, Gated, Garage - None
  • Total Parking: 11

Lot Info

  • Assessed Improvement Percent: 61.94
  • Assessed Improvement Value: 1667990
  • Assessed Land Percent: 38.06
  • Assessed Land Value: 1024917
  • Total Assessed Value: 2692907
  • Assessor Parcel Number: 2375-003-013
  • Lot Size Area: 6405

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 18.20
  • Number Of Units: 8
  • Type Of Units: Market

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/02/2022 12/02/22 Sold $5,425,000 -1.4% $587 / Sq Ft
11/16/2022 11/16/22 Pending -- -- --
11/07/2022 11/07/22 For Sale $5,500,000 0.0% $595 / Sq Ft
10/19/2022 10/19/22 Pending -- -- --
10/07/2022 10/07/22 For Sale $5,500,000 +507.7% $595 / Sq Ft
03/25/2014 03/25/14 Sold $905,000 -9.5% $612 / Sq Ft View Prior Sale
02/11/2014 02/11/14 For Sale $999,900 -- $677 / Sq Ft
12/31/2013 12/31/13 Pending -- -- --
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Filip Niculete

    Seller's Agent in 2022

    Filip Niculete

    Marcus & Millichap

    (818) 357-9525

    8 in this area

    101 Total Sales

    Filip Niculete
    Section Image
  • Glen Scher

    Seller Co-Listing Agent in 2022

    Glen Scher

    Marcus & Millichap

    (818) 212-2700

    5 in this area

    46 Total Sales

    Glen Scher
    Section Image
  • Heather Altman

    Buyer's Agent in 2022

    Heather Altman

    Douglas Elliman of California, Inc.

    (310) 924-4664

    3 in this area

    62 Total Sales

    Heather Altman
    Section Image

  • A

    Seller's Agent in 2014

    Alan Ayoub

    No Firm Affiliation

See All Agents

Map

Source: The MLS

MLS Number: 22-206751

The MLS

APN: 2375-003-013

California Los Angeles County Studio City 91604

12602 Moorpark St, Studio City, CA

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