11747 Moorpark

Description

Situated in the heart of Studio City, 11474"11753 Moorpark Street presents a rare opportunity to acquire two adjacent fourplex apartment buildings in one of the most desirable rental locations in Los Angeles. Together, the properties comprise eight total units with a total building size of approximately 7,496 square feet, positioned on two generous combined lots totaling 12,012 square feet, and each lot contains four units. The unit mix is well balanced, featuring four spacious two-bedroom, one-bathroom apartments and four comfortable one-bedroom, one-bathroom apartments, all designed to attract long-term tenants. A large storage room, currently used by the landlord, can also be rented for additional income.The property is exceptionally well-maintained and showcases impressive curb appeal with lush landscaping and a welcoming atmosphere. At the center of the property, residents enjoy a private yard with a sparkling swimming pool that recently received a new enclosure. Surrounding the pool is a beautifully arranged relaxation area that enhances the lifestyle appeal of the buildings. Complementing these features are four detached double-car garages with additional storage space, as well as plentiful street parking that ensures convenience for both residents and their guests.Investors have the potential to remove the swimming pool in the future and have two mortgages at a 30-year fixed rate. Significant recent improvements provide investors with peace of mind and reduced future capital expenditures. Both buildings and garages were outfitted with brand new roofs in 2023, and the majority of plumbing has been upgraded with durable copper piping. The property also includes a dedicated laundry room owned by the landlord for tenant use, adding to its overall functionality and ease of management.This offering combines the best of classic Studio City charm with thoughtful upgrades and desirable amenities, creating a property that is both easy to manage and highly attractive to tenants. Its prime location on Moorpark Street places residents close to entertainment, dining, shopping, employment centers and top-rated schools, ensuring strong rental demand and long-term appreciation potential. For investors seeking a turnkey multifamily asset in a premier Los Angeles neighborhood, 11474"11753 Moorpark Street is a truly exceptional opportunity.