This six unit multifamily investment opportunity is ideally located in a premier Sherman Oaks residential pocket just one parcel south of Ventura Boulevard. The property consists of two separate buildings on a large oversized lot, including a three unit structure originally built in 1925 and a second three unit structure… Read More built in 1984, offering a unique blend of character and functionality.The improvements total approximately 3,707 square feet and sit on a 9,711 square foot lot. The unit mix includes five one bedroom one bath units and one two bedroom one bath unit. The property offers on site parking with five covered spaces and one additional surface space, a highly desirable feature in this location. This highly desirable submarket continues to experience sustained tenant demand and long term rent growth. The location also offers excellent regional connectivity with quick access to both the US 101 and I 405 freeways, as well as close proximity to major employment centers throughout Sherman Oaks, Studio City, Encino, and Century City. Residents benefit from immediate access to Ventura Boulevard's most popular dining and lifestyle destinations. Read Less
Property listed by The CREM Group, Mark Cianciulli 310-259-7556
Listing Snapshot
Days Online
18
Last Updated
Beds
7
Square Ft.
3,707
Lot Size
0.22 Acres
Year Built
1925
MLS Number
26646211
Additional Details
Building
Built in 1925, Living area: 3707.0, 2 buildings, Levels: MultiSplit
Heating
Central
Income
Gross Income: $135,708, Net Operating Income: $76,256
Lot
0.2229 acres
Parking
1 open parking spaces, 6 total parking spaces, Covered
Taxes
Parcel Number: 2373007011, Zoning: LARD1.5
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.
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