13444 Moorpark - Apartments FOR SALE
Sherman Oaks, CA 91423 |
13444 Moorpark
Sherman Oaks, CA 91423
HIGHLIGHTS
- 13444 Moorpark is a 16-Unit value add opportunity located in prime Sherman Oaks. IN-PLACE 5.71% CAP RATE WITH ONE VACANT UNIT!
- The property is not subject to Los Angeles RSO and fall under the guidelines of AB-1482 allowing for larger rent increases each year.
- The property has been under the same ownership for the past 20 years and non-rent control assets of this size and location do not trade frequently.
- Ideally situated steps from the vibrant heart of Sherman Oaks. Residents can enjoy a lively mix of dining, shopping, and entertainment options.
- By implementing an extensive interior and exterior renovation plan, a subsequent buyer can capture significant loss-to-lease on rents.
- Property features rent driving physical plant with semi subterranean gated parking, in-unit fireplaces, gated access, and spacious floorplan.
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
-
% LEASED
-
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
13682
STORIES
2
YEAR BUILT
1986
PARKING SPACES
16
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
2360-009-053
