15445 Moorpark St - Apartments FOR SALE


Sherman Oaks, CA 91403
$1,950,000 USD
310-270-8423
15445 Moorpark St, Sherman Oaks, CA for Sale
$1,950,000 USD
Apartments - FOR SALE
1/24
null | 5.01% Cap Rate

15445 Moorpark St
Sherman Oaks, CA 91403


HIGHLIGHTS

  • Desirable Sherman Oaks location adjacent to Encino, Tarzana, and Studio City
  • Excellent unit mix consisting of Five 1BR/1BA and Three 2BR/1BA Units
  • Situated on a Corner lot consisting of 8,281 SF with ADU Potential! Buyer to verify
  • Soft Story Earthquake Seismic Retrofit completed in 2019
  • Close proximity to a plethora of Fine Dining, Shopping, and Entertainment options on Ventura Boulevard
  • Tremendous Value Add Investment Opportunity with 39% Upside in Market Rents

OVERVIEW

* Also being offered with 15461 Moorpark St (12 Units across the Street)- Can Sold Together or Separate - The Offering is an attractive value-add investment property located in Prime Sherman Oaks, adjacent to Encino, Tarzana and Studio City. The property is situated in one of the trendiest neighborhoods in the San Fernando Valley, located just North of Ventura Boulevard and West of the 405 Freeway. Tenants are within close walking distance to Ventura Boulevard where there is a plethora of fine dining, shopping, and entertainment options. This is a fantastic opportunity for a savvy investor to acquire an ultra-prime Valley Location with significant value-add potential. There is an excellent unit mix consisting of (3) 2 Bedroom / 1 Bathroom & (5) 1 Bedroom / 1 Bathroom Units which are very desirable for today's rental market. All units are separately metered for Gas and Electric. The soft-story retrofit was completed in 2019; buyer to verify. These Valuable Assets are available for Sale for the first time in +20 Years!

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$290 USD /SF

# OF UNITS

8

PRICE/UNIT

$243,750

CAP RATE

5.01%

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

R3-1, Los Angeles

APN/PARCEL ID

2261-038-031

ASK ABOUT THIS PROPERTY

Michael MonempourLyon Stahl Investment Real EstateMore Info
310-270-8423

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Michael MonempourLyon Stahl Investment Real EstateMore Info
310-270-8423

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