Restricted Address

Sherman Oaks, CA 91423

$2,995,000
Price
13
Beds
13
Baths
7,820 Sq. Ft.
$383 / Sq. Ft.
7,820
Sq. Ft.
$383
per Sq. Ft.

Description

The offering is a rare and attractive value add investment property located in Prime Sherman Oaks Adjacent to Studio City. The property is situated in one of the trendiest neighborhoods in the San Fernando Valley, located just off of Ventura Blvd tenants are within close walking distance to the New Sportsman Lodge where there is an abundance of plethora of fine dining, shopping, and entertainment options. This is a brilliant opportunity for a savvy investor to acquire an ultra-prime Valley Location...The offering is a rare and attractive value add investment property located in Prime Sherman Oaks Adjacent to Studio City. The property is situated in one of the trendiest neighborhoods in the San Fernando Valley, located just off of Ventura Blvd tenants are within close walking distance to the New Sportsman Lodge where there is an abundance of plethora of fine dining, shopping, and entertainment options. This is a brilliant opportunity for a savvy investor to acquire an ultra-prime Valley Location with significant value-add potential. There is an excellent unit mix consisting of Twelve 1 Bedroom / 1 Bathroom Units and One Studio Unit which is, very desirable for today's rental market. Two of the Units will be delivered Vacant at the close of escrow. The property sits on a large 15,160 SF Lot and has 14 Uncovered Parking Spaces. All units are separately metered Gas and Electric. This Valuable Asset is available for Sale for the first time in+25 Years!
  1. Listed by Michael Monempour • DRE #01996829 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.

Property Details for Restricted Address

Zoning
LARD1.5
Parcel Number
2358022006
Total Units
13.0
Living Area
7820
Source Living Area
Vendor Enhanced
Area
Sherman Oaks (SO)
Vacancy Rate
15.4%
Lot Size Area
15160

Location

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Michael Monempour, DRE #01996829
Add your commute
LISTING UPDATED: 03/18/2024 04:31 PM

Property Details for Restricted Address

StatusActive
MLS #24-363627
Days on Market57
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1954
Lot Size0.35 AC / 15,160 SF
CountyLos Angeles County

Location

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Michael Monempour, DRE #01996829
Add your commute

Building Information for Restricted Address

Stories2Residences-Year Built1954Building Size-Lot Size0.35 AC / 15,160 SF

Payment Calculator

$17,517 per month

30 year fixed, 7.25% Interest

Principal and Interest

$16,345

Property Taxes

$1,172

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for Restricted Address

Community / Development
Community / Development
  • Number Of Units: 13
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: 1 Bedrooms
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $223,604
  • Net Operating Income: $140,801.00
  • Gross Income: $230,520
  • Cap Rate: 4.70%
  • Gross Rent Multiplier: $12.99
  • Total Annual Expense: 82803
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.348
  • Lot Size Square Feet: 15160
Parking Details
Parking Details
  • Parking Garage: Above Street Level
  • Total Parking: 14
  • Parking Features: Driveway Down Slope From Street
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Wall Unit(s)
  • Heating: Natural Gas
  • Heating Type: Natural Gas
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 02-29-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,434.00
  • Unit Actual Rent: $17,210.00
  • Unit Projected Rent: $25,200.00
  • Like Units: 12
Unit 2 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,750.00
  • Unit Actual Rent: $1,750.00
  • Unit Projected Rent: $1,750.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $628,719.00
  • Assessed Improvement Percent: 60.4
  • Assessed Land Value: $412,217.00
  • Assessed Land Percent: 39.6
  • Assessed Total Value: $1,040,936.00

Property History for Restricted Address

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for Restricted Address

Taxable ValueLand$412,217Additions$632,569Total$1,044,786
Tax Record2023$14,061 ($1,172 / month)
Home Facts
Total Finished SqFt7,820 SqFtAbove Grade Finished SqFt7,820 SqFtLot Size15,155 SqFtStyleMulti-Family Res (5+ Units)Year Built1954ZoningLARD1.5CountyLOS ANGELESAPN2358-022-006

Schools near Restricted Address

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
Riverside Drive Charter Elementary 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.

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Restricted Address is a multi-family home for sale in Sherman Oaks, CA 91423. This property was listed for sale on February 29, 2024 by Lyon Stahl Investment Real Estate, Inc., it's currently listed at $2,995,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Riverside Drive Charter Elementary School, Louis D. Armstrong Middle School and Ulysses S. Grant Senior High School. Restricted Address is a 13-bed, 13-bath, 7,820 sqft multi-family home built in 1954.

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 Lyon Stahl Investment Real Estate, Inc., Michael Monempour, DRE #01996829

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.