Multi-Family: MLS #24363627 Sherman Oaks, CA ^$ 2,995,000

Multi-Family: MLS #24363627

^$ 2,995,000

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Multi-Family: MLS #24363627

Name: address
Address: CA, 91423

Sherman Oaks, CA, 91423

^$ 2,995,000

Bedrooms13 Baths13.0 Sq 7,820

Monthly Estimate*

^$ 20,921

Listed by Lyon Stahl Investment Real Estate, Inc.

Multi-Family Home for sale in Sherman Oaks, CA

for $2,995,000 with 13 bedrooms and 13 full baths. This 7,820 square foot home was built in 1954 on a lot size of 0.348.

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

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.348

Year Built

1954

Town/City

Sherman Oaks

County/Region

Los Angeles

MLS | Web ID

24363627

Days on Market

Features

General

Heating NaturalGas

Zoning LARD1.5

Year Built 1954

Stories 2

Levels Two

Gross Income 230520.0

County Los Angeles

Net Operating Income 140801.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions Located on Coldwater Canyon Blvd North of the 101 Fwy and South of Mangolia Blvd

City Sherman Oaks

View Y/N N

Senior Community Y/N N

Total Units 13

MLS Area SO - Sherman Oaks

Lot Size Square Feet 15160.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 18

Standard Status Active

Cap Rate 4.7

Exterior

Parking Features DrivewayDownSlopeFromStreet

Total Parking 14.0

Lot Size Area 15160.0

Number of Buildings 2

Spa N

Building Area Total 7820.0

Lot Size Acres 0.348

Lot Size Units SquareFeet

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N Y

Fireplace Y/N N

Full Baths 0

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Total Bedrooms 13

Electric On Property Y/N N

Total Baths 13

* Excluded Features

List By

Lyon Stahl Investment Real Estate, Inc.

Broker

(310) 883-7070

Phone

Affordability Calculator

$20,921

Per Month

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

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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.

273443 Elementary School

272636 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 Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 4/29/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Multi-Family: MLS #24363627

Multi-Family Home for sale in Sherman Oaks, CA

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