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$ 1,695,000
Est. payment | /mo
11 Beds
7 Baths
4,430 SqFt
$ 1,695,000
Est. payment | /mo
11 Beds
7 Baths
4,430 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,430 sqft
Price per Sqft $382
MLS Listing ID 25610697
Bedrooms 11
HOA Y/N No
Year Built 1961
Property Description
12256 Riverside Drive, a well-maintained five-unit multifamily property located in the desirable Valley Village neighborhood of Los Angeles, a few blocks North of Studio City. The property currently features one vacant & lease-ready 2+1 unit. Recent capital improvements include new exterior paint, resealed balconies and walkways, new awning supports, HVAC upgrades, and a fully renovated shared backyard with weatherproof storage. Additional enhancements include a wireless gated entry system, updated landscaping with drip irrigation, new security and path lighting, and a modernized shared laundry room with app-enabled or coin-operated machines. Together, these updates position the property as a well-cared-for and easy-to-manage investment.The building comprises (1) 1+1, (2) 2+1, and (2) 3+2 units, separately metered for gas and electricity. Unit 1 has recently been rented (Dec 2025) and is on RUBS for water & sewer expenses through Livable (max of $50/mo). Each apartment has benefited from targeted interior upgrades, including electrical sub-panel replacements, new double-pane Low-E windows, updated plumbing (with copper lines throughout many sections), modernized kitchens and bathrooms, new flooring and paint, and refurbished private outdoor spaces. The property also includes five tuck under parking spaces with tandem parking capability for 9 vehicles total. There is potential to convert parking into ADUs (buyer to verify).Ideally situated near the Studio City border, 12256 Riverside Drive offers residents quick access to Universal Studios, Sherman Oaks, the Westfield Mall, Erewhon, Whole Foods, and the Silver Triangle. Its central location provides convenient connectivity across the San Fernando Valley and Greater Los Angeles, ensuring steady tenant demand.
Location
State CA
County Los Angeles
Area Vvl - Valley Village
Zoning LARD1.5
Interior
Heating Wall Furnace
Fireplace No
Exterior
Parking Features Covered, Carport, Garage, Tandem
Total Parking Spaces 5
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 2356035001
Special Listing Condition Standard
Listed by Jake Glaser Lyon Stahl Investment Real Estate, Inc.
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