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$ 7,599,999
Est. payment /mo
Active
13000 Valleyheart Drive Los Angeles, CA 91604
15,080 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 15,080 sqft
Price per Sqft $503
MLS Listing ID CL26873395
HOA Y/N No
Year Built 1956
Lot Size 0.473 Acres
Acres 0.4732
Property Sub-Type Other
Property Description
LARGE $400,000 REDUCTION, PRICED TO SELL!! Rare opportunity to acquire a 25-unit multifamily community in prime Studio City, just half a block from the Ventura Boulevard corridor. 13000 Valleyheart Drive spans approximately 15,086 SF on a generous 20,611 SF LAR3 lot, featuring a well-balanced mix of studio, one-bedroom, and two-bedroom floor plans that appeal to entertainment professionals, families, and commuters alike. The current ownership has meticulously improved the property with major capital upgrades: a full roof replacement (2025), pool re-plastering (2025), new electrical panels and breakers (2026), upgraded electrical in all units (2022), and mostly copper plumbing throughout. The majority of units have been thoughtfully renovated with elegant new cabinetry, quartz countertops, stainless steel appliances, and upgraded tile and laminate wood flooring. Residents enjoy a sparkling swimming pool, on-site laundry, secure access, and on-site parking, plus a quiet, tree-lined street with direct access to the serene North Valleyheart Riverwalk a 1.5-mile car-free pathway along the LA River. Steps from Erewhon, Equinox, Sugarfish, Shake Shack, and the full Ventura Boulevard dining and retail scene, with Radford Studio Center, Universal, Warner Bros., and NBCUniversal minutes away. The offering presents a 32.6% rent upside at market rents and a massive 47.7% upside potential through possible ADU development of the rear parking area (buyer to verify). Surrounded by transformative nearby developments including Riverwalk at Studio City (814 units + 76,000 SF commercial), the Harvard-Westlake Riverpark Campus (opening fall 2026), and the Radford Studio Center expansion, this is an outstanding opportunity to acquire a renovated, income-producing asset with multiple paths to value creation in one of Los Angeles' most sought-after submarkets.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Wall Furnace
Fireplace No
Building
New Construction No
Others
Tax ID 2375022047
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Listed by Jacob Plewa • REMAX COMMERCIAL & INVESTMENT REALTY