8 Units | Studio City | 2017 Built | Record Sale | 16 Day Close
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The LAAA Team at Marcus & Millichap is proud to announce the impressive sale of The Beeman Apartments, a luxury and modern 8-unit apartment complex located in the heart of Studio City. This fully non-rent-controlled property is ideally situated between Coldwater Canyon and Laurel Canyon Ave, within walking distance from Ventura Blvd and all the shopping, dining, and entertainment that Studio City has to offer. Built in 2017, this 8-unit property sits on a corner lot with an alley behind, and the 9,249 square foot building is comprised of (6) 1 bed / 1 bath units and (2) 2 bed / 2 bath units.
Record Sale in Studio City
This impressive sale now holds the #3 spot for highest price/sqft ever, and the #4 spot for highest price/unit ever achieved in Studio City for a 5+ unit apartment building (source: CoStar).
With regards to the three buildings that sold for a higher price/unit than 12602 Moorpark, two of those were condos and the third's building was comprised of all very large 3 bedroom units, and all three of them were sold in a significantly better interest rate environment.
LAAA Team's Recent New Construction Sales
The LAAA Team at Marcus & Millichap is proud to announce the impressive sale of The Beeman Apartments, a luxury and modern 8-unit apartment complex located in the heart of Studio City. This fully non-rent-controlled property is ideally situated between Coldwater Canyon and Laurel Canyon Ave, within walking distance from Ventura Blvd and all the shopping, dining, and entertainment that Studio City has to offer. Built in 2017, this 8-unit property sits on a corner lot with an alley behind, and the 9,249 square foot building is comprised of (6) 1 bed / 1 bath units and (2) 2 bed / 2 bath units.
Record Sale in Studio City
This impressive sale now holds the #3 spot for highest price/sqft ever, and the #4 spot for highest price/unit ever achieved in Studio City for a 5+ unit apartment building (source: CoStar).
With regards to the three buildings that sold for a higher price/unit than 12602 Moorpark, two of those were condos and the third's building was comprised of all very large 3 bedroom units, and all three of them were sold in a significantly better interest rate environment.
