7,200 Sqft Lot
7,200 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25029886
HOA Y/N No
Year Built 1928
Lot Size 7,200 Sqft
Property Description
The Hoffman presents a rare opportunity to acquire a property in one of Studio City's most highly desirable luxury areas, with potential for owner-user use, ADU development, and/or redevelopment. Originally constructed as a *Fourplex, the property was converted into a *Triplex in the 1970s by removing a small wall between the two upstairs units. This wall has since been reinstated, and both vacant upstairs units have undergone recent updates and renovations without permits. While the process to revert the property back to a *Fourplex was initiated, it remains incomplete. The buyer to verify the status of the permitting process and redevelopment potential. With 50% vacancy (2 of 4 units), this property provides investors with the opportunity to secure new tenants at market rents or take advantage of the owner-user potential. The detached garages at the rear of the property, which are also 50% vacant, may provide additional ADU potential—again, buyer to verify.
Hoffman is ideally located in Studio City, one of Los Angeles' most coveted neighborhoods, surrounded by renowned landmarks and local amenities. The property is within close proximity to Radford Studio, making it a prime location for industry professionals and creatives. Additionally, residents will enjoy the upscale businesses, high-end boutiques, and trendy restaurants that populate the area, particularly along Ventura Place. Ventura Place is known for its vibrant café culture, stylish eateries, and local farmers market, making it a central hub for both entertainment and commerce.
Location
State CA
County Los Angeles
Area Stud - Studio City
Zoning LAR3
Interior
Fireplace No
Laundry Inside
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Curbs
Total Parking Spaces 4
Private Pool No
Building
Lot Description Landscaped
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 2368003016
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
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