Thank you
Frank Ponce
Coldwell Banker Realty
310-378-5201
This is an exceptional opportunity for investors to acquire premier real estate in prime Sherman Oaks location. This 10-unit apartment complex is located a half-block from fabulous shopping and dining on Magnolia Boulevard. These large townhouse style units are located in one of the most desirable rental areas of Sherman Oaks that boasts a low vacancy ratio. Tenants enjoy air conditioning, hardwood floors, fireplaces and private patios. The property recently had a new roof installed as well as having all of the soft-story retrofitting completed. There is plenty of on-site, tuck-under parking and additional income from shared laundry make this gated secure building a hidden gem in a sought-after neighborhood. Newer copper plumbing, and new A/C units. Low maintenance with strong income, plus over 43.67% potential upside in rent. It is a reposition opportunity with strong upside in rents. Excellent unit mix with historically strong occupancy. Safe residential neighborhood in Sherman Oaks California.
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Water Source : Public
Sewer : Public Sewer
Roof : Asphalt
Property Appliances: Dishwasher,Gas Cooktop,Disposal,Gas Oven,Gas Range
Fireplace: Living Room
Flooring: Laminate,Vinyl
Central Air,Wall/Window Unit(s)
Air Conditioning
Fireplace(s),Wall Furnace
Has Heating
Fireplace Features: Living Room
Has Fireplace: 1
Year Built: 1964
Building Area Total: 9,409
Construction: Asphalt,Block,Drywall,Glass,Concrete,Stucco,Copper Plumbing
Roof: Asphalt
Slab
Carbon Monoxide Detector(s),Fire Detection System,Gated Community,Smoke Detector(s)
Parking
None
Common Area,In Garage
Chain Link,Wood,Wrought Iron
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.288
Lot Size Source: Assessor
Lot Size Square Feet: 12545
Original List Price: 3,495,000
Listing Contract Date: 2024-04-08
Listing Agreement: Exclusive Right To Sell
Parcel Number: 2249022020
Garage Description: Assigned
Lease Term: Negotiable
Tenant Pays: Cable TV,Electricity,Gas,Insurance,Telephone
Source Listing Status: Active
Source Neighborhood: SO - Sherman Oaks
Postal Code Plus 4: 4068
Directions: Coming off the 405 North to Burbank Bl, take Burbank Bl to Kester Avenue
Zoning: LAR3
Source Property Type: Residential Income
Area: SO - Sherman Oaks
Property SubType: Apartment
Property Age: 60
Common Walls: 2+ Common Walls
Property Condition: Repairs Cosmetic
Structure Type: Apartment
Year Built Source: Assessor
Entry Level: 1
Entry Location: Front
Property Attached: Yes
Levels or Stories: Two
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
15206 Burbank Boulevard.., Sherman Oaks, CA,91411 | $601,272 | 2 | 3 | 1,300 | 37744 Sqft |
14535 Margate Street #3, Sherman Oaks, CA,91411 | $949,000 | 3 | 2 | 1,900 | 22328 Sqft |
14806 Burbank Boulevard.., Sherman Oaks, CA,91411 | $649,900 | 2 | 2 | 1,150 | 5952 Sqft |
15344 Weddington Street.., Sherman Oaks, CA,91411 | $349,000 | -- | 1 | 504 | 29259 Sqft |
5510 Columbus Avenue, Sherman Oaks, CA,91411 | $3,197,000 | 5 | 4 | 3,600 | 6761 Sqft |
15237 Weddington Street.., Sherman Oaks, CA,91411 | $1,049,000 | 3 | 3 | 2,000 | 10457 Sqft |
5347 Natick Avenue, Sherman Oaks, CA,91411 | $2,990,000 | 5 | 5 | 4,274 | 6504 Sqft |
15206 Burbank Boulevard.., Sherman Oaks, CA,91411 | $839,000 | 2 | 2 | 1,621 | 37744 Sqft |
5724 Halbrent Avenue, Sherman Oaks, CA,91411 | $1,199,000 | 5 | 1 | 1,905 | 5993 Sqft |
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ByOwner last updated this listing 05/06/2024 @ 10:19
MLS: PV24069336
LISTED BY: Frank Ponce, Coldwell Banker Realty
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.