NOT LISTED FOR SALE
10 Beds
10 Baths
9,249 Sq Ft
6,405 Sq Ft Lot

Sale Details

Date Sold: December 2, 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.
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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

6,405 Sq Ft Lot

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

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
Oct 7, 2022
Closed on
Nov 23, 2022
Sold by
Beeman Apartments Llc
Bought by
Seller's Agent
Filip Niculete
Marcus & Millichap
Buyer's Agent
Heather Altman
Douglas Elliman of California, Inc.
List Price
$5,500,000
Sold Price
$5,425,000
Premium/Discount to List
-$75,000
-1.36%
Views
25

Purchase Details

Closed on
Apr 20, 2017
Sold by
Blakemore David and Blakemore Janice
Bought by
Beeman Apartments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,440,000
Interest Rate
4.14%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 11, 2017
Sold by
Blakemore David and Blakemore Janice
Bought by
Beeman Apartments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,440,000
Interest Rate
4.14%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 11, 2014
Closed on
Jan 29, 2014
Sold by
Taylor Jeffry R
Bought by
Taylor Catherine
Seller's Agent
Alan Ayoub
No Firm Affiliation
Buyer's Agent
Alan Ayoub
No Firm Affiliation
List Price
$999,900
Sold Price
$905,000
Premium/Discount to List
-$94,900
-9.49%

Purchase Details

Closed on
Jan 9, 2004
Sold by
Youssef Felix and Youssef Violette
Bought by
Youssef Catherine and Youssef George

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,000
Interest Rate
6.04%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 2, 2003
Sold by
Youssef George and Youssef Catherine Issa
Bought by
Youssef Felix and Youssef Violette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,000
Interest Rate
6.04%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 22, 1998
Sold by
Youssef Violette M
Bought by
Youssef George and Youssef Catherine Issa

Purchase Details

Closed on
Mar 31, 1997
Sold by
Youssef Massoud I and Youssef Violette M
Bought by
Youssef Violette M and Youssef George
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Studio City, CA

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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
$5,425,000 Ticor Title
Beeman Apartments Llc -- Western Resources Title
Beeman Apartments Llc -- None Available
Taylor Catherine -- None Available
The David Blakemore & Janice Blakemore F $905,000 Title 365
Youssef Catherine -- --
Youssef Felix -- North American Title Co
Youssef George -- --
Youssef Violette M -- --
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
Previous Owner $2,440,000
Previous Owner Youssef Felix $66,000
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 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

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
2026 $68,438 $5,757,053 $2,308,127 $3,448,926
2025 $68,438 $5,644,170 $2,262,870 $3,381,300
2024 $67,645 $5,533,500 $2,218,500 $3,315,000
2023 $66,327 $5,425,000 $2,175,000 $3,250,000
2022 $33,260 $2,746,764 $1,045,415 $1,701,349
2021 $32,823 $2,692,907 $1,024,917 $1,667,990
2019 $31,506 $2,613,035 $994,518 $1,618,517
2018 $43,750 $3,655,680 $1,462,680 $2,193,000
2016 $14,816 $1,237,157 $937,157 $300,000
2015 $11,150 $923,080 $665,638 $257,442
2014 $1,033 $78,817 $36,371 $42,446
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-206751

The MLS

APN: 2375-003-013

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