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Sherman Oaks,CA 91411
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 9,409 sqft
Price per Sqft $364
MLS Listing ID PV24209584
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
Rooms
Ensuite Laundry Common Area,In Garage
Interior
Laundry Location Common Area,In Garage
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Laundry Common Area,In Garage
Exterior
Fence Wrought Iron
Community Features Gated
Utilities Available Cable Connected,Electricity Connected,Natural Gas Connected,Phone Connected,Sewer Connected,Water Connected
Roof Type Asphalt
Building
Lot Description 0-1 Unit/Acre,Sprinklers In Front,Landscaped,Walkstreet
Story 2
Water Public
Others
Acceptable Financing Contract,Owner May Carry
Listing Terms Contract,Owner May Carry
Special Listing Condition Standard