13506 Rye St - Apartments FOR SALE


Sherman Oaks, CA 91423
$4,950,000 USD
818-325-4142
13506 Rye St, Sherman Oaks, CA for Sale
$4,950,000 USD
Apartments - FOR SALE
1/12
null | 4.25% Cap Rate

13506 Rye St
Sherman Oaks, CA 91423


HIGHLIGHTS

  • • Well-maintained building -Vibrant courtyard with picnic area
  • • On-site laundry facilities - Potential to add ADU unit
  • • New windows - New exterior paint - New Front entry doors for all units
  • • Completed soft story retrofit - Copper plumbing - buyer to verify
  • • Located in prime area of Sherman Oaks - Within a private cul de sac
  • individually metered electricity - Master metered gas

OVERVIEW

Nestled in a private cul de sac between Rye St. and Ventura Canyon Ave., 13506 Rye Street is a multi-family building that offers the valuable opportunity to own a well-maintained building in the San Fernando Valley’s trendy city of Sherman Oaks. Comprised of 14 units, the property boasts a total of 11,156 rentable square feet. There are two studios, two one-bedroom/one-bathroom junior units, six one bedroom/ one bathroom units, one two-bedroom/one-bathroom unit, one two-bedroom/one and one half bath unit, one three-bedroom/two-bathroom unit, and a larger three-bedroom/two-bathroom unit with private entrance, central a/c, hardwood floors and private laundry. All unit interiors feature modern appliances, ceramic and travertine tiles, custom closets and sleek design. Furthermore, the building is master metered for gas and individually metered for electricity. In the heart of Sherman Oaks, 13506 Rye Street is close to dozens of shops, eateries and galleries on the historic Ventura Boulevard. Also within a short distance is the Sherman Oaks Galleria, an icon in San Fernando Valley history that has evolved into a hot spot of award-winning restaurants and a unique collection of design and home furnishing stores. The District’s notable amenities include Arclight Cinemas, Burke Williams, 24 Hour Fitness SuperSport and much more opportunity.

FOR SALE DETAILS

PRICE

$4,950,000 USD

PRICE/SF

$444 USD /SF

# OF UNITS

14

PRICE/UNIT

$353,571

CAP RATE

4.25%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,107 SF

ZONING

R3, Los Angeles

APN/PARCEL ID

2360-014-026

ASK ABOUT THIS PROPERTY

Reza GhobadiColliersMore Info
818-325-4142

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Reza GhobadiColliersMore Info
818-325-4142

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.