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Sherman Oaks,CA 91411
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 9,409 sqft
Price per Sqft $364
MLS Listing ID PV24209545
Year Built 1964
Lot Size 0.288 Acres
Property Description
Discover an extraordinary investment opportunity in the heart of Sherman Oaks! This 10-unit apartment complex, nestled just half a block from the vibrant shopping and dining scene on Magnolia Boulevard, offers a blend of luxury and convenience. With spacious, townhouse-style units provide a comfortable living experience for tenants. This desirable rental area is located in one of Sherman Oaks? most sought-after rental neighborhoods, this property boasts a consistently low vacancy ratio. Offering tenant comfort as residents enjoy air conditioning, hardwood floors, fireplaces, and private patios. The property has recent upgrades such as a brand-new roof and completed soft-story retrofitting enhance the property?s value. On-site tuck-under parking and shared laundry facilities add convenience and gated property. A true hidden gem tucked behind gates, this building offers a sense of exclusivity in a coveted neighborhood. Investment potential: With over 43.67% potential upside in rent, this property presents a compelling reposition opportunity. Don?t miss out on this chance to invest in a thriving area with strong income potential.
Location
State CA
County Los Angeles
Area So - Sherman Oaks
Zoning LAR3
Rooms
Ensuite Laundry Common Area,In Garage
Interior
Laundry Location Common Area,In Garage
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Laminate,Vinyl
Fireplaces Type Family Room,Gas
Laundry Common Area,In Garage
Exterior
Garage Assigned
Garage Spaces 6.0
Garage Description 6.0
Fence Wrought Iron
Pool None
Community Features Biking,Park,Street Lights,Sidewalks,Urban,Valley,Gated
Utilities Available Cable Connected,Electricity Connected,Natural Gas Connected,Phone Connected,Sewer Connected,Water Connected
View Y/N No
View None
Roof Type Asphalt
Building
Lot Description 0-1 Unit/Acre,Landscaped
Story 2
Foundation Concrete Perimeter,Slab,Tie Down
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Conventional,Contract,Owner May Carry
Listing Terms Conventional,Contract,Owner May Carry
Special Listing Condition Standard