Multi-Family: MLS #0024363627 Sherman Oaks, CA ^$ 2,995,000

Multi-Family: MLS #0024363627

^$ 2,995,000

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Multi-Family: MLS #0024363627

Sherman Oaks, CA, 91423

^$ 2,995,000

Studio Baths0.0 Sq 7,820

Monthly Estimate*

^$ 20,921

Studio

Multi-Family Home for sale in Sherman Oaks, CA

for $2,995,000. This 7,820 square foot home was built in 1954 on a lot size of 0.35.

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!

Multi-Family Active

Price

^$ 2,995,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.35

Year Built

1954

Town/City

Sherman Oaks

County/Region

Los Angeles

MLS | Web ID

0024363627

Features

General

Zoning LARD1.5

Year Built 1954

Levels Two

County Los Angeles

Net Operating Income 140801.0

New Construction No

Property Type C

HOA / Comm Assn No

Status Active

City Sherman Oaks

Buyer Agent Compensation 2.00

Senior Community Y/N No

MLS Area SO - Sherman Oaks

Lot Size Square Feet 15160.0

Standard Status Active

Buyer Agent Compensation Type %

Exterior

Parking Features Driveway Down Slope From Street

Lot Size Area 15160.0

Building Area Total 7820.0

Lot Size Acres 0.35

Lot Size Units Square Feet

Land Lease Type Fee

Interior

Heater Fuel Type Natural Gas

Total Stories 2

Heating Y/N Yes

Total Baths 0

* Excluded Features

List By

Michael Monempour

Listing Agent

Lyon Stahl Investment Real Estate, Inc.

Broker

Affordability Calculator

$20,921

Per Month

Monthly Principal & Interest: $20,921
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Sherman Oaks, CA

Average List Price ^$3,305,957

Percent of Sale Price 10%

About Sherman Oaks, CA

49,360 Population

0% Since 2002

^$0 Median Income

0 Median Age

19% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/19/2024	$2,995,000	-7.85%	Price Down
3/1/2024	$3,250,000		Listed Price

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*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 3/19/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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Multi-Family: MLS #0024363627

Multi-Family Home for sale in Sherman Oaks, CA

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