4916 Hazeltine Avenue

Sherman Oaks, CA 91423

$2,500,000
Price
14
Beds
10
Baths
7,068 Sq. Ft.
$354 / Sq. Ft.
7,068
Sq. Ft.
$354
per Sq. Ft.

Description

4916 Hazeltine Ave, in the highly sought-after neighborhood of Sherman Oaks, presents a fantastic income opportunity with its 100% occupied, eight-unit building. With its ASSUMABLE FINANCING AT 3.51%, spacious 7,068 square footage building situated on a generous 7,908 square foot lot, this investment offers both size and potential. The prime Sherman Oaks location further enhances its appeal, providing easy access to all the amenities and attractions the area offers. Featuring a well-balanced apartment...4916 Hazeltine Ave, in the highly sought-after neighborhood of Sherman Oaks, presents a fantastic income opportunity with its 100% occupied, eight-unit building. With its ASSUMABLE FINANCING AT 3.51%, spacious 7,068 square footage building situated on a generous 7,908 square foot lot, this investment offers both size and potential. The prime Sherman Oaks location further enhances its appeal, providing easy access to all the amenities and attractions the area offers. Featuring a well-balanced apartment mix, including (2) three-bedroom units, (2) two-bedroom units, and (4) one-bedroom units, this property caters to a diverse range of tenants, ensuring stable and consistent rental income. Sherman Oaks is renowned for its tranquil suburban atmosphere, making it an ideal setting. The neighborhood's proximity to major studios further adds to its allure, attracting residents working in the thriving movie and TV industry. Residents of Sherman Oaks benefit from an array of upscale shopping options, including the nearby Westfield Mall and Sherman Oaks Galleria, along with a variety of local restaurants and boutiques. Outdoor enthusiasts will appreciate the abundance of parks, including the popular Van Nuys-Sherman Oaks Park, providing ample opportunities for leisure and recreation. Convenient access to major transportation lines such as the 101 and 405 freeways ensures seamless connectivity to surrounding areas, further enhancing its desirability as a place to live. Overall, 4916 Hazeltine Ave presents an enticing opportunity for investors looking to capitalize on the stability and potential of the Sherman Oaks real estate market.
  1. Listed by Laura Klein • DRE #01435968 • Brokerage DRE #01435968 • KRE + Associates

Property Details for 4916 Hazeltine Avenue

Zoning
LAR3
Style
Traditional
Parcel Number
2269015005
Total Units
8.0
Living Area
7068
Source Living Area
Vendor Enhanced
Area
Sherman Oaks (SO)
Vacancy Rate
0

Location

Listing Courtesy of KRE + Associates, Laura Klein, DRE #01435968
Add your commute
LISTING UPDATED: 04/04/2024 12:01 AM

Property Details for 4916 Hazeltine Avenue

StatusActive
MLS #24-373617
Days on Market36
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1958
Lot Size0.18 AC / 7,911 SF
CountyLos Angeles County

Location

Listing Courtesy of KRE + Associates, Laura Klein, DRE #01435968
Add your commute

Virtual Tour

Building Information for 4916 Hazeltine Avenue

Stories-Residences-Year Built1958Building Size-Lot Size0.18 AC / 7,911 SF

Payment Calculator

$15,826 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,644

Property Taxes

$2,182

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4916 Hazeltine Avenue

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: As Is, Rent Control, Owner Has R.E. License, Property Report
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $179,390
  • Net Operating Income: $127,701.00
  • Gross Income: $179,390
  • Cap Rate: 5.10%
  • Gross Rent Multiplier: $13.52
  • Actual Annual Gross Rent: $184,909.00
  • Actual Gross Annual Income: $184,909
  • Vacancy Allow Dollar: $5,519.00
  • Vacancy Allow Percent: 3.00%
  • Owner Pays: Gardener, Water
  • Total Annual Expense: 51688
Land / Lot Info
Land / Lot Info
  • Alley: Yes
  • Lot Acreage: 0.1816
  • Lot Size Square Feet: 7911
Parking Details
Parking Details
  • Parking Garage: Carport Attached
  • Total Parking: 8
  • Parking Features: Attached Carport
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Window Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Garbage Disposal, Range/Oven, Refrigerator
  • Laundry: Community
  • Laundry Equipment: Lease
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Entry Location: Ground Level - no steps
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-28-2024
  • Rent Control: Yes
  • Tenant Pays: Electricity, Cable TV, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,767.00
  • Unit Actual Rent: $6,160.00
  • Unit Projected Rent: $2,095.00
  • Like Units: 4
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,295.00
  • Unit Actual Rent: $3,395.00
  • Unit Projected Rent: $2,495.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,911.00
  • Unit Actual Rent: $5,776.00
  • Unit Projected Rent: $3,315.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,033,883.00
  • Assessed Improvement Percent: 49.86
  • Assessed Land Value: $1,039,659.00
  • Assessed Land Percent: 50.14
  • Assessed Total Value: $2,073,542.00

Property History for 4916 Hazeltine 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 4916 Hazeltine Avenue

Taxable ValueLand$1,039,659Additions$1,033,883Total$2,073,542
Tax Record2023$26,184 ($2,182 / month)
Home Facts
Total Finished SqFt7,068 SqFtAbove Grade Finished SqFt7,068 SqFtLot Size7,908 SqFtStyleMulti-Family Res (5+ Units)Year Built1958ZoningLAR3CountyLOS ANGELESAPN2269-015-005

Schools near 4916 Hazeltine Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 8
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Chandler Elementary
PublicK to 5

Louis D. Armstrong Middle School
Charter6 to 8

Van Nuys Middle School
Public6 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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Similar Sold Homes

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4916 Hazeltine Avenue is a multi-family home for sale in Sherman Oaks, CA 91423. This property was listed for sale on March 27, 2024 by KRE + Associates, it's currently listed at $2,500,000. It has been on the market for a total of 36 days and was last sold on February 5, 2015. This listing's school district is Los Angeles Unified School District. Nearby schools include Chandler Elementary, Louis D. Armstrong Middle School and Van Nuys Middle School. 4916 Hazeltine Avenue is a 14-bed, 10-bath, 7,068 sqft multi-family home built in 1958.

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 KRE + Associates, Laura Klein, DRE #01435968

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.