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$1,399,000
Est. payment /mo
6 Beds
5 Baths
3,474 SqFt
UPDATED:
12/05/2024 01:59 AM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,474 sqft
Price per Sqft $402
MLS Listing ID 24420811
Bedrooms 6
HOA Y/N No
Year Built 1961
Lot Size 4,290 Sqft
Property Description
Welcome to a premier investment opportunity in Sherman Oaks! This attractive four-unit apartment building offers remarkable value for investors. Nestled in the sought-after Sherman Oaks area, the property features a blend of one and two-bedroom apartments. Zoned R3, it includes a recently renovated, spacious two-bedroom, two-bathroom unit with a large private backyard, alongside three generously-sized one-bedroom, one-bathroom units.Recent capital improvements ensure the building's excellent condition, with updates such as new copper piping, a new roof, earthquake retrofitting, double-paned windows and sliding doors, high-quality composite decking, a new fence, and artificial turf. Units 1 and 3 have been extensively renovated, featuring new laminate flooring, modern kitchen cabinets, granite countertops, new appliances, and fully renovated bathrooms with new tile, fixtures, and cabinets.Building amenities include common area laundry facilities, individually metered gas and electricity, secured entry, a combination of gated and garage parking, and additional onsite guest parking.Situated in a vibrant Sherman Oaks neighborhood, this property is close to excellent shopping, fine dining, and entertainment options. Its ideal location offers easy access to the 101 and 405 Freeways, enhancing connectivity to surrounding areas. Outdoor enthusiasts will enjoy the nearby parks, including Lake Balboa Park, which will be a venue for the 2028 LA Olympics.The consistently high demand for one-bedroom units ensures stable rental income, making this property a reliable and profitable investment. With its excellent location and appealing neighborhood, this turn-key asset provides a rare opportunity in one of LA's most dynamic and stable markets, ideal for investors seeking long-term wealth preservation and consistent returns.
Location
State CA
County Los Angeles
Area So - Sherman Oaks
Zoning LAR3
Interior
Interior Features Ceiling Fan(s)
Heating Forced Air
Fireplace No
Appliance Refrigerator
Exterior
Parking Features Covered, Guest, Side By Side
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 2250016033
Special Listing Condition Standard
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Listed by Denise Snanoudj • The Agency