4524 Vista Del Monte Avenue
4524 Vista Del Monte Avenue
$3,648,000
13
14
7,614
7,614
$479
Description
4524 Vista Del Monte Avenue is a 10-unit apartment community located in a premier Sherman Oaks neighborhood and only two blocks from Ventura Blvd. The offering allows investors to acquire an irreplaceable turn-key asset in one of LA's most dynamic and stable markets. 4524 Vista Del Monte Avenue is an attractive unit mix of four (4) 2-Bedroom/2-Bathroom Units, five (5) 1-Bedroom/1-Bathroom Units, and one (1) Studio Apartment. Each of the units is spacious and features central air-conditioning and...4524 Vista Del Monte Avenue is a 10-unit apartment community located in a premier Sherman Oaks neighborhood and only two blocks from Ventura Blvd. The offering allows investors to acquire an irreplaceable turn-key asset in one of LA's most dynamic and stable markets. 4524 Vista Del Monte Avenue is an attractive unit mix of four (4) 2-Bedroom/2-Bathroom Units, five (5) 1-Bedroom/1-Bathroom Units, and one (1) Studio Apartment. Each of the units is spacious and features central air-conditioning and sleek new renovations with upgraded baths, kitchens, and new flooring. Vista Del Monte Avenue boasts 7,614 square feet on a 6,649 square foot lot, zoned LAR3. As the property was originally built in 1985, it benefits from the AB1482 designation, offering 5% plus CPI, which currently means an 8.8% rent increase where applicable. Additionally, current ownership just completed the construction of 2 brand-new ADUs and received the Certificate of Occupancy. Both Units are Rented at Market Rates. The building amenity package includes common area laundry facilities, secured entry, amazon apartment lockers, and gated parking. Parking is available for ten (10) vehicles. This particular block of Vista Del Monte Avenue is a beautiful tree-lined street featuring numerous single-family homes and a quiet neighborhood community. With its prime location in Sherman Oaks, 4524 Vista Del Monte Avenue is an outstanding rental location for residents looking for immediate access to major employers, services, and entertainment venues. The proximity to world-class neighboring venues makes this an ideal investment for apartment operators seeking a stable investment opportunity and long-term wealth preservation and appreciation.
- Listed by Nick Astrupgaard • DRE #01893466 • Brokerage DRE #01458187 • KW Commercial Studio City
- Listed by Rich Johns • DRE #01432215 • Brokerage DRE #01458187 • KW Commercial Studio City
Property Details for 4524 Vista Del Monte Avenue
Zoning
LAR3
Parcel Number2265011028
Total Units10.0
Living Area7614
Source Living AreaAssessor
AreaSherman Oaks (SO)
Vacancy Rate10%
Lot Size Area6649
Location
LISTING UPDATED: 05/22/2024 12:01 AM
Property Details for 4524 Vista Del Monte Avenue
Status | Active |
---|---|
MLS # | 24-392035 |
Days on Market | 15 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1985 |
Lot Size | 0.15 AC / 6,649 SF |
County | Los Angeles County |
Location
Building Information for 4524 Vista Del Monte Avenue
Stories2Residences-Year Built1985Building Size-Lot Size0.15 AC / 6,649 SF
Payment Calculator
$22,914 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 4524 Vista Del Monte Avenue
Property History for 4524 Vista Del Monte Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 4524 Vista Del Monte Avenue
Taxable ValueLand$1,859,715Additions$1,050,000Total$2,909,715
Tax Record2023$36,058 ($3,005 / month)
Home Facts
Total Finished SqFt6,924 SqFtAbove Grade Finished SqFt6,924 SqFtLot Size6,649 SqFtStyleMulti-Family Res (5+ Units)Year Built1985ZoningLAR3CountyLOS ANGELESAPN2265-011-028
Schools near 4524 Vista Del Monte Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Charter - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 5 to 8 |
Rating | School | Distance |
---|---|---|
Sherman Oaks Elementary Charter School CharterK to 5 | ||
Van Nuys Middle School Public6 to 8 | ||
Van Nuys Senior High School Public9 to 12 | ||
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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