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Listed by Frank Ponce • Coldwell Banker Realty
$ 3,190,000
Est. payment | /mo
9,409 SqFt
$ 3,190,000
Est. payment | /mo
9,409 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 9,409 sqft
Price per Sqft $339
MLS Listing ID CRPV24209545
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1964
Lot Size 0.288 Acres
Property Sub-Type Other
Property Description
Back on Market. Buyer did not perform. Discover an extraordinary investment opportunity in the heart of Sherman Oaks! This 10-unit apartment complex, nestled just half a block from the vibrant shopping and dining scene on Magnolia Boulevard, offers a blend of luxury and convenience. With spacious, townhouse-style units provide a comfortable living experience for tenants. This desirable rental area is located in one of Sherman Oaks’ most sought-after rental neighborhoods, this property boasts a consistently low vacancy ratio. Offering tenant comfort as residents enjoy air conditioning, hardwood floors, fireplaces, and private patios. The property has recent upgrades such as a brand-new roof and completed soft-story retrofitting enhance the property’s value. On-site tuck-under parking and shared laundry facilities add convenience and gated property. A true hidden gem tucked behind gates, this building offers a sense of exclusivity in a coveted neighborhood. Investment potential: With over 43.67% potential upside in rent, this property presents a compelling reposition opportunity. Don’t miss out on this chance to invest in a thriving area with strong income potential.
Location
State CA
County Los Angeles
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Laminate, Vinyl
Fireplace No
Laundry Community Facility, In Garage
Exterior
View None
Building
Lot Description Other
Water Public
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