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$4,899,000

Est. payment - /mo

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20 Beds

22 Baths

13,396 SqFt

Price Dropped by $100K

13021 Moorpark ST Studio City, CA 91604

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Cindy Mello

cindymello@gmail.com +1(209) 346-4580

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 13,396 sqft

Price per Sqft $365

MLS Listing ID 25591525

Bedrooms 20

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1978

Property Description

Two-story prime Studio City building. Excellent location next to a quiet residential neighborhood. We have a preliminary cost segregation study done. The company estimates that the new buyer will be able to write off between $600k and $900k the first year of ownership due to the new tax bill that allows 100% depreciation write off. This will save your buyer thousands. Back 8 covered carports in alley could be a good candidate to build 4 ADUs. Each unit has a spacious balcony. Some with great views. There have been thoughtful upgrades to the landscaping, and hardscape elevating the curb-appeal of this property. 26 total covered parking spots. There is a converted finished office/studio in the garage area with access ready for toilet/drainage and water supply. Updated laundry room with 2 coin-op drum washers and 2 coin-op stack dryers. There are 2 large 3-bedroom 2.5 bath townhouse units with washer/dryers. They both have private front yards. Six of the eight 1 bedroom 1 bath units have been completely upgraded with a mix of veneer wood and vinyl flooring. Three of the four 2-bedroom 2 bath units have been completely upgraded and are appointed similarly to the upgraded 1 bedroom units. Each unit has a ceramic log natural gas fireplace with wall switch ignition.The building is a mix of primarily timber framing (with sheer walls) and heavy steel construction. Flat BUR roof was completely replaced circa 2017.95% of the plumbing has been replaced with PEX and copper. 10 of the 14 units have been fitted with water use meters. Currently, 9 of those units (meters) are billed through management for both water and sewer, at the same rate as LADWP. The remaining 4 units can be easily upgraded to the metered system. The tenants basically pay some of the utilities...specifically the use of water and the related sewer charges. This makes a very low cost to operate the building.11 of the AC units have been upgraded to reduced energy draw. The power to the building is a 600v main with 14, 50-amp service to each unit, and upgraded sub-panels. Only one original in-unit sub-panel remains.

Location

State CA

County Los Angeles

Area Stud - Studio City

Zoning LAR3

Interior

Heating Heat Pump

Flooring Carpet

Fireplaces Type Bath, Electric, Gas

Fireplace Yes

Appliance Gas Oven, Range, Refrigerator

Exterior

Parking Features None

Pool None

View Y/N No

View None

Total Parking Spaces 26

Private Pool No

Building

Story 2

Entry Level Two

Sewer Sewer Tap Paid

Water Public

Architectural Style Contemporary

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 2362011030

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

Special Listing Condition Standard

Listed by Derrick Ruiz eXp Realty of Greater Los Angeles

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Cindy Mello

Broker Associate | CA DRE# 01309212

+1(209) 346-4580 | cindymello@gmail.com

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