4188 Greenbush Avenue

Sherman Oaks, CA 91423

$3,075,000
Price
8
Beds
12
Baths
8,675 Sq. Ft.
$354 / Sq. Ft.
8,675
Sq. Ft.
$354
per Sq. Ft.

Description

Seller Will Carry - The unit mix consists of (7) 1+1 units, (1) 1+1.5 unit, and (2) studio units. With a lot size of 7,640 square feet, the three (3) story structure totals 8,675 building square feet. The soft story seismic retrofit was previously completed and four (4) of the units have undergone extensive interior remodeling and upgrading. The rents are roughly 20% below market providing an astute investor the opportunity to capture the significant upside in the rents. A buyer may also choose to...Seller Will Carry - The unit mix consists of (7) 1+1 units, (1) 1+1.5 unit, and (2) studio units. With a lot size of 7,640 square feet, the three (3) story structure totals 8,675 building square feet. The soft story seismic retrofit was previously completed and four (4) of the units have undergone extensive interior remodeling and upgrading. The rents are roughly 20% below market providing an astute investor the opportunity to capture the significant upside in the rents. A buyer may also choose to capitalize on the in-place debt at yesterday's rate of 3.25% interest. The current outstanding loan amount is approximately $1,790,000. This property is separately metered for gas and electricity and has an on-site laundry room delivering additional income. Situated in a prime Sherman Oaks location just South of Ventura Blvd, tenants can walk to countless cafes and shops and enjoy easy access to both the 405 & 101 Freeways.4188
  1. Listed by Joshua Luchs • DRE #01845545 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.

Property Details for 4188 Greenbush Avenue

Zoning
LARD1.5
Parcel Number
2373005010
Total Units
10.0
Living Area
8675
Source Living Area
Vendor Enhanced
Area
Sherman Oaks (SO)
Vacancy Rate
0
Lot Size Area
7642

Location

Listing Courtesy of Kidder Mathews of California, Inc., Joshua Luchs, DRE #01845545
Add your commute
LISTING UPDATED: 02/08/2024 10:20 AM

Property Details for 4188 Greenbush Avenue

StatusActive
MLS #24-350343
Days on Market120
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
Lot Size0.18 AC / 7,642 SF
CountyLos Angeles County

Location

Listing Courtesy of Kidder Mathews of California, Inc., Joshua Luchs, DRE #01845545
Add your commute

Building Information for 4188 Greenbush Avenue

Stories-Residences-Year Built1964Building Size-Lot Size0.18 AC / 7,642 SF

Payment Calculator

$19,810 per month

30 year fixed, 7.25% Interest

Principal and Interest

$16,782

Property Taxes

$3,028

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4188 Greenbush Avenue

Community / Development
Community / Development
  • Number Of Units: 10
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: Income
  • Water Heaters: No
Contract Info
Contract Info
  • Financing: AITD, Owner May Carry
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $194,474
  • Net Operating Income: $129,033.00
  • Gross Income: $198,427
  • Cap Rate: 4.20%
  • Gross Rent Multiplier: $15.34
  • Actual Annual Gross Rent: $195,960.00
  • Actual Gross Annual Income: $200,427
  • Actual Rent Total: $198,427.00
  • Financial Info as Of: 02/01/2024
  • Vacancy Allow Dollar: $5,879.00
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 65441
Land / Lot Info
Land / Lot Info
  • Alley: Yes
  • Lot Acreage: 0.1754
  • Lot Size Square Feet: 7642
Parking Details
Parking Details
  • Parking Garage: Assigned, Private
  • Total Parking: 0
  • Covered Parking: 8
  • Open Other Spaces Total: 2
  • Parking Features: Assigned, Private
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling Type: Wall Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Garbage Disposal, Dishwasher, Ceiling Fan, Microwave, Range/Oven
  • Interior Features: Ceiling Fan(s)
  • Common Walls: Attached
  • Laundry: Community
  • Laundry Equipment: Lease
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-22-2024
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,617.00
  • Unit Actual Rent: $11,319.00
  • Unit Projected Rent: $15,050.00
  • Like Units: 7
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,240.00
  • Unit Actual Rent: $2,240.00
  • Unit Projected Rent: $2,250.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,385.00
  • Unit Actual Rent: $2,770.00
  • Unit Projected Rent: $3,700.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $918,000.00
  • Assessed Improvement Percent: 31.58
  • Assessed Land Value: $1,989,000.00
  • Assessed Land Percent: 68.42
  • Assessed Total Value: $2,907,000.00

Property History for 4188 Greenbush Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4188 Greenbush Avenue

Taxable ValueLand$1,989,000Additions$922,400Total$2,911,400
Tax Record2023$36,340 ($3,028 / month)
Home Facts
Total Finished SqFt8,675 SqFtAbove Grade Finished SqFt8,675 SqFtLot Size7,640 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningLARD1.5CountyLOS ANGELESAPN2373-005-010

Schools near 4188 Greenbush Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Charter - K to 5
Charter - 6 to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Dixie Canyon Community Charter School
CharterK to 5

Louis D. Armstrong Middle School
Charter6 to 8

Ulysses S. Grant Senior High School
Public9 to 12

High Tech LA Middle
Charter6 to 8

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.

Similar Homes

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4188 Greenbush Avenue is a multi-family home for sale in Sherman Oaks, CA 91423. This property was listed for sale on January 1, 2024 by Kidder Mathews of California, Inc., it's currently listed at $3,075,000. It has been on the market for a total of 120 days and was last sold on December 23, 2021. This listing's school district is Los Angeles Unified School District. Nearby schools include Dixie Canyon Community Charter School, Louis D. Armstrong Middle School and Ulysses S. Grant Senior High School. 4188 Greenbush Avenue is a 8-bed, 12-bath, 8,675 sqft multi-family home built in 1964.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Kidder Mathews of California, Inc., Joshua Luchs, DRE #01845545

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.