15461 Moorpark St - Apartments FOR SALE


Sherman Oaks, CA 91403
$2,675,000 USD
310-270-8423
15461 Moorpark St, Sherman Oaks, CA for Sale
$2,675,000 USD
Apartments - FOR SALE
1/33
null | 5% Cap Rate

15461 Moorpark St
Sherman Oaks, CA 91403


HIGHLIGHTS

  • Desirable Sherman Oaks location adjacent to Encino, Tarzana, and Studio City
  • Completed Earthquake Seismic Retrofit
  • Excellent unit mix consisting of Two Studio and Ten 1BR/1BA Units
  • Tremendous Value Add Investment Opportunity with 38% Upside in Market Rents
  • CLOSE proximity to a plethora of Fine Dining, Shopping, and Entertainment options on Ventura Boulevard
  • Property sits on a Large 11,259 SF Lot - Future Development Potential

OVERVIEW

* Also being offered with 15445 Moorpark St (8 Units across the Street)- Can Sold Together or Seperate - 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 Ten (10) - 1 Bedroom / 1 Bathroom & Two (2) - Studio 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

$2,675,000 USD

PRICE/SF

$317 USD /SF

# OF UNITS

12

PRICE/UNIT

$222,917

CAP RATE

5%

% 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

1957

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,199 SF

ZONING

R3, Los Angeles

APN/PARCEL ID

2261-038-050

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.