$7,400,000
Los Angeles, CA 91604
34
Beds
25
Baths
15,080
Sq. Ft.
1956
Year Built
Los Angeles
County
ResidentialIncome
Property Type
LARGE 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.
$39,386/mo
20% down · 7% APR · 30-yr fixed
Estimate only. Does not include taxes, insurance, or HOA.
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