Prime 7-Unit Investment Opportunity in Studio CityLocated on a serene, tree-lined street just steps from vibrant Ventura Boulevard, this well-maintained 7-unit apartment building offers exceptional upside in one of Studio City’s most desirable neighborhoods. Built in 1984 and not subject to rent control, this rare find features a strong unit mix: five spacious 2-bedroom units and two charming 1-bedroom units perfect for attracting long-term tenants or converting to condominiums (buyer to verify).The building generates an approximate gross annual income of $204,000, with room for increased rents and future value-add potential. With 13 gated parking spaces, secure entry, and a premium South of Moorpark location, it’s an attractive choice for both investors and owner-users. Consider using one unit as your private office while collecting passive income from the rest.Nestled near multi-million dollar homes, boutique shops, and top-rated dining, this property is a short walk to the iconic Sportsman’s Lodge development, the new Harvard-Westlake athletic complex, Erewhon, and countless lifestyle amenities.Don’t miss this rare opportunity to own a low-maintenance, high-demand asset in one of LA’s strongest rental markets. (property will be delivered with 2 vacant units).
Property Details
Price:
$2,999,000
MLS #:
25529371
Status:
Active
Baths:
0
Address:
4248 Whitsett Avenue
Type:
Residential Income
Neighborhood:
studstudiocity
City:
Studio City
Listed Date:
Apr 23, 2025
State:
CA
ZIP:
91604
Lot Size:
6,074 sqft / 0.14 acres (approx)
Year Built:
1984
See this Listing
Mortgage Calculator
Schools
Interior
Appliances
Gas Range
Cooling
Electric
Flooring
Vinyl
Heating
Forced Air
Exterior
Garage Spaces
13.00
Parking Features
Auto Driveway Gate, Assigned, Gated, Controlled Entrance
Parking Spots
13.00
Pool Features
None
Spa Features
None
Stories Total
2
Financial
Tenant Pays
Electricity, Cable T V, Gas
Map
Community
- Address4248 Whitsett Avenue Studio City CA
- AreaSTUD – Studio City
- CityStudio City
- CountyLos Angeles
- Zip Code91604
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4248 Whitsett Avenue
Studio City, CA
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