4528 Murietta Avenue

Sherman Oaks, CA 91423

$3,795,000
Price
18
Beds
12
Baths
9,784 Sq. Ft.
$388 / Sq. Ft.
9,784
Sq. Ft.
$388
per Sq. Ft.

Description

We are pleased to present 4528 Murietta Avenue, a 12-unit multifamily property located in the heart of Sherman Oaks. This property represents an exceptional opportunity for investment in a highly sought-after pocket of the San Fernando Valley, situated only two blocks from Ventura Boulevard. 4528 Murietta Avenue has been well maintained and is an ideal choice for investors seeking approximately 45% in rental upside through an interior renovation program. Constructed in 1956, this two-story property...We are pleased to present 4528 Murietta Avenue, a 12-unit multifamily property located in the heart of Sherman Oaks. This property represents an exceptional opportunity for investment in a highly sought-after pocket of the San Fernando Valley, situated only two blocks from Ventura Boulevard. 4528 Murietta Avenue has been well maintained and is an ideal choice for investors seeking approximately 45% in rental upside through an interior renovation program. Constructed in 1956, this two-story property comprises six 1-bedroom/1-bathroom units and six 2-bedroom/2-bathroom. Three of these units have undergone renovations featuring white shaker kitchen cabinetry, stone countertops, and updated bathrooms, while most units have received new vinyl plank or wood laminate flooring. Most of the remaining units have had kitchens renovated prior to current ownership. Five of the ground floor units feature private patios while the sixth has a private yard. All the second-floor units have a living room balcony. The floorplans for 1-bedroom and 2-bedroom units are identical and units are stacked allowing for efficient plumbing upgrades. All units are equipped with central HVAC, dishwashers, fireplaces and are individually metered for gas and electricity utilities. Currently there is one renovated 1-bedroom unit that is vacant and the potential for a 2-bedroom unit to be delivered vacant at the close of escrow. The property includes 16 parking spaces and an on-site laundry room. Capital expenditures have ensured the property's well-maintained condition, including horizontal copper piping, high quality vinyl patio enclosures, upgraded electrical panels, and seismic gas shut-off valves. Annual roof maintenance has been completed and an investor can expect an additional 10-years of roof life (Buyer to verify). 4528 Murietta Avenue is conveniently situated between Valleyheart Drive and Moorpark Street, with Hazeltine Avenue to the west and Woodman Avenue to the east. Residents have easy access to several nearby bus stops on Hazeltine Avenue, Moorpark Street, and Ventura Boulevard. Moreover, its proximity to Ventura Boulevard with its variety of retail shops, restaurants, offices, shopping centers, and other places of business ensures a high demand for rental units in one of the San Fernando Valley's most popular neighborhoods. For commuters, the property is within minutes from the Woodman Avenue and Van Nuys Boulevard on and off ramps to the 101 Freeway, allowing access throughout the San Fernando Valley and into the city of Los Angeles.
  1. Listed by Sevak Keshishian • DRE #01887505 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 4528 Murietta Avenue

Zoning
LAR3
Parcel Number
2271003022
Total Units
12.0
Living Area
9784
Source Living Area
Vendor Enhanced
Area
Sherman Oaks (SO)
Vacancy Rate
8%
Lot Size Area
13588

Location

Listing Courtesy of Marcus & Millichap, Sevak Keshishian, DRE #01887505
Add your commute
LISTING UPDATED: 04/12/2024 10:30 AM

Property Details for 4528 Murietta Avenue

StatusActive
MLS #24-371343
Days on Market40
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1956
Lot Size0.31 AC / 13,588 SF
CountyLos Angeles County

Building

4528 Murietta Ave

12 UnitsBuilt in 1956

Location

Listing Courtesy of Marcus & Millichap, Sevak Keshishian, DRE #01887505
Add your commute

Building Information for 4528 Murietta Avenue

Stories-Residences12Year Built1956Building Size-Lot Size0.31 AC / 13,588 SF

Payment Calculator

$23,771 per month

30 year fixed, 7.25% Interest

Principal and Interest

$20,711

Property Taxes

$3,060

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4528 Murietta Avenue

Community / Development
Community / Development
  • Number Of Units: 12
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Standard
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $247,622
  • Net Operating Income: $158,112.00
  • Gross Income: $255,238
  • Cap Rate: 4.17%
  • Gross Rent Multiplier: $14.95
  • Actual Annual Gross Rent: $253,896.00
  • Vacancy Allow Dollar: $7,617.00
  • Total Annual Expense: 89509
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.3121
  • Lot Size Square Feet: 13588
Parking Details
Parking Details
  • Parking Garage: Carport, Covered Parking, Uncovered
  • Total Parking: 16
  • Covered Parking: 7
  • Open Other Spaces Total: 9
  • Parking Features: Carport, Covered, Uncovered
Interior Features
Interior Features
  • Levels: Two
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: Refrigerator, Range/Oven, Dishwasher
  • Laundry: Community
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-21-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,624.00
  • Unit Actual Rent: $9,743.00
  • Unit Projected Rent: $14,200.00
  • Like Units: 6
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,903.00
  • Unit Actual Rent: $11,415.00
  • Unit Projected Rent: $16,500.00
  • Like Units: 6
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,160,129.00
  • Assessed Improvement Percent: 40.0
  • Assessed Land Value: $1,740,196.00
  • Assessed Land Percent: 60
  • Assessed Total Value: $2,900,325.00

Property History for 4528 Murietta 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 4528 Murietta Avenue

Taxable ValueLand$1,740,196Additions$1,174,329Total$2,914,525
Tax Record2023$36,721 ($3,060 / month)
Home Facts
Total Finished SqFt9,784 SqFtAbove Grade Finished SqFt9,784 SqFtLot Size13,588 SqFtStyleMulti-Family Res (5+ Units)Year Built1956ZoningLAR3CountyLOS ANGELESAPN2271-003-022

Schools near 4528 Murietta Avenue

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

Van Nuys Middle School
Public6 to 8

Louis D. Armstrong Middle School
Charter6 to 8

Ulysses S. Grant 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.

Similar Homes

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4528 Murietta Avenue is a multi-family home for sale in Sherman Oaks, CA 91423. This property was listed for sale on March 20, 2024 by Marcus & Millichap, it's currently listed at $3,795,000. It has been on the market for a total of 40 days and was last sold on July 28, 2006. This listing's school district is Los Angeles Unified School District. Nearby schools include Dixie Canyon Community Charter School, Van Nuys Middle School and Louis D. Armstrong Middle School. 4528 Murietta Avenue is a 18-bed, 12-bath, 9,784 sqft multi-family home built in 1956.

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 Marcus & Millichap, Sevak Keshishian, DRE #01887505

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.