Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

25

Building size

15,080 sqft

Lot size

20,611 sqft

Year built

1956

Stories

2

Heating

Wall Furnace

Status

Active

Days on market

59

MLS #

246072372

About this property

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.

Location

13000 Valleyheart Drive

Los Angeles, Los Angeles, CA, 91604