Description
We are pleased to introduce 11145 Sunshine Terrace Avenue, located in Studio City, CA. This is rare opportunity for an investor to acquire a trophy 8-unit condominium building in the hills of Studio City, south of Ventura Blvd.This 2009 construction building is not subject to any state or city rent control laws. The rents are currently below market, and a new owner could step in and raise rents to market with relatively minimal work required. Furthermore, there are 3 recent vacancies that the Seller is leaving vacant for marketing purposes. A buyer can choose to rent these vacancies during escrow or close escrow with them vacant, depending on the buyer's investment strategy.These large 3 bedroom, 2.5 bath town-homes are individually condo mapped meaning each condo has its own APN and therefore can be sold separately in the future.
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