5653 Hazeltine Avenue

Sherman Oaks, CA 91401

$5,980,000
Price
22
Beds
20
Baths
15,422 Sq. Ft.
$388 / Sq. Ft.
15,422
Sq. Ft.
$388
per Sq. Ft.

Description

Please Contact Us For An OM Brand new construction. Have someone else help pay your mortgage. Two buildings with separate APNs can be purchased together or separately. Exceptional opportunity to acquire a luxurious multifamily property in the highly sought-after area of Sherman Oaks. This stunning property features six brand-new, impressively large townhomes, all exquisitely designed and crafted to the highest standards of modern living. The property offers an in-place Cap rate of 4.90%, the townhomes...Please Contact Us For An OM Brand new construction. Have someone else help pay your mortgage. Two buildings with separate APNs can be purchased together or separately. Exceptional opportunity to acquire a luxurious multifamily property in the highly sought-after area of Sherman Oaks. This stunning property features six brand-new, impressively large townhomes, all exquisitely designed and crafted to the highest standards of modern living. The property offers an in-place Cap rate of 4.90%, the townhomes are non-rent controlled and are not subject to LA City rent control regulations. The property consists of two separate buildings on separate APNs, each with three townhomes, providing both privacy and exclusivity. Each unit offers over 2,500+ square feet of living space and features beautiful rooftop decks with stunning views of the surrounding area, perfect for entertaining and relaxation. The townhomes feature high-end finishes, including stainless steel appliances, quartz countertops, and hardwood flooring, with each unit boasting an in-unit washer/dryer, tankless water heater and a 2-car garage with direct unit access, providing added convenience and security. Don't miss out on the chance to own this exceptional multifamily property in Sherman Oaks, which represents the epitome of luxurious contemporary living. Contact us today to schedule a private tour and experience the unparalleled quality of this stunning development for yourself.
  1. Listed by Kelly Morgan • DRE #01898026 • Brokerage DRE #01854200 • KW Advisors

Property Details for 5653 Hazeltine Avenue

Zoning
LARD1.5
Parcel Number
2245027023
Total Units
6.0
Living Area
15422
Source Living Area
Assessor
Area
Sherman Oaks (SO)
Vacancy Rate
0
Lot Size Area
10454

Location

Listing Courtesy of KW Advisors, Kelly Morgan, DRE #01898026
Add your commute
LISTING UPDATED: 05/17/2024 12:01 AM

Property Details for 5653 Hazeltine Avenue

StatusActive
MLS #24-390111
Days on Market24
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2023
Lot Size0.24 AC / 10,454 SF
CountyLos Angeles County

Location

Listing Courtesy of KW Advisors, Kelly Morgan, DRE #01898026
Add your commute

Building Information for 5653 Hazeltine Avenue

Stories3Residences-Year Built2023Building Size-Lot Size0.24 AC / 10,454 SF

Payment Calculator

$34,009 per month

30 year fixed, 7.25% Interest

Principal and Interest

$32,635

Property Taxes

$1,374

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5653 Hazeltine Avenue

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 3
  • Number Of Buildings: 2
  • Type Of Units: Multifamily
  • Security Features: Automatic Gate, Gated
  • Property Condition: New Construction
  • Building Permit: Yes
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $393,374
  • Net Operating Income: $293,181.00
  • Gross Income: $405,540
  • Cap Rate: 4.90%
  • Gross Rent Multiplier: $14.75
  • Financial Info as Of: 04/23/2024
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 100193
Land / Lot Info
Land / Lot Info
  • Lot Size Square Feet: 10454
Parking Details
Parking Details
  • Parking Garage: Garage - 2 Car
  • Total Parking: 12
  • Garage Spaces Total: 12
  • Parking Features: Garage - Two Door
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: Dishwasher, Stackable W/D Hookup, Range/Oven, Garbage Disposal, Hood Fan
  • Common Walls: Attached
  • Laundry: In Unit
Exterior Features
Exterior Features
  • New Construction: Yes
  • Other Structural Features: Full Copper Plumbing
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-09-2024
  • Rent Control: No
Unit Details
Unit 1 Information
  • Unit Beds: 4
  • Unit Baths: 4
  • Unit Furnished: No
  • Unit Rent: $5,950.00
  • Unit Actual Rent: $5,950.00
  • Unit Projected Rent: $5,995.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 4
  • Unit Furnished: No
  • Unit Rent: $4,995.00
  • Unit Actual Rent: $4,995.00
  • Unit Projected Rent: $5,795.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 4
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $5,800.00
  • Unit Actual Rent: $5,800.00
  • Unit Projected Rent: $5,995.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 4
  • Unit Baths: 4
  • Unit Furnished: No
  • Unit Rent: $5,995.00
  • Unit Actual Rent: $5,995.00
  • Unit Projected Rent: $5,995.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 3
  • Unit Baths: 4
  • Unit Furnished: No
  • Unit Rent: $5,450.00
  • Unit Actual Rent: $5,450.00
  • Unit Projected Rent: $5,795.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 4
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $5,650.00
  • Unit Actual Rent: $5,650.00
  • Unit Projected Rent: $5,995.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111

Property History for 5653 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 5653 Hazeltine Avenue

Taxable ValueLand$724,261Additions$643,844Total$1,368,105
Tax Record2023$16,492 ($1,374 / month)
Home Facts
Beds2Total Finished SqFt860 SqFtAbove Grade Finished SqFt860 SqFtStories1Lot Size5,294 SqFtStyleSingle Family ResidenceYear Built1941ZoningLARD1.5CountyLOS ANGELESAPN2245-027-023

Schools near 5653 Hazeltine Avenue

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

Van Nuys Middle School
Public6 to 8

Van Nuys 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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Similar Sold Homes

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5653 Hazeltine Avenue is a multi-family home for sale in Sherman Oaks, CA 91401. This property was listed for sale on May 9, 2024 by KW Advisors, it's currently listed at $5,980,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Chandler Elementary, Van Nuys Middle School and Van Nuys Senior High School. 5653 Hazeltine Avenue is a 22-bed, 20-bath, 15,422 sqft multi-family home built in 2023.

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 KW Advisors, Kelly Morgan, DRE #01898026

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.