4421-4427 Murietta Ave - Apartments FOR SALE


Sherman Oaks, CA 91423
$6,595,000 USD
310-968-5303
4421-4427 Murietta Ave, Sherman Oaks, CA for Sale
$6,595,000 USD
Apartments - FOR SALE
1/17
null | 5.46% Cap Rate

4421-4427 Murietta Ave
Sherman Oaks, CA 91423


HIGHLIGHTS

  • BEST DEAL IN SHERMAN OAKS: HUGE PRICE IMPROVEMENT: 5.46 CAP AND 11.25 GIM
  • Premier Sherman Oaks location with Excellent unit mix (all large 1 and 2-bedroom units)
  • Significant rental upside (current rent/SQFT of $2.28)
  • Quintessential value-add investment opportunity
  • Sparkling pool and beautiful courtyard setting
  • Steps from high-end dining and entertainment venues

OVERVIEW

BEST DEAL IN SHERMAN OAKS. INCREDIBLE 5.46 CAP AND 11.25 GIM! Jonathan Taksa of the Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, is pleased to present 4421–4427 Murietta Avenue, commonly known as the Santorini Villas, a prestigious opportunity to acquire a quintessential value-add property situated in one of the best rental locations in prime Sherman Oaks. The beautiful open courtyard property boasts an ideal unit mix consisting of all large 1 and 2-bedroom units. Each of the units is spacious, has a terrific floor plan, and offers an abundance of natural light. Built in 1955, the property is an ideal midcentury gem ideally positioned just steps from vibrant Ventura Blvd. The Santorini Villas feature a unit mix of (16) 2-bedroom, 1-bathroom units and (8) 1-bedroom, 1-bathroom units. Interiors have hardwood floors (select units), spacious kitchens/bedrooms/bathrooms, and are separately metered for gas and electricity. Other property features include a well landscaped courtyard, a large sparkling pool, copper plumbing, an intercom entrance, a pitched roof, and ample on-site parking which is exempt from soft story retrofit. Close to some of the Valley’s best dining and nightlife, this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a premier turnkey asset in one of the best rental locations in all of Los Angeles.

FOR SALE DETAILS

PRICE

$6,595,000 USD

PRICE/SF

$335 USD /SF

# OF UNITS

24

PRICE/UNIT

$274,792

CAP RATE

5.46%

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

MASSIVE REDUCTION: GREAT CAP AND GRM

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

R3

APN/PARCEL ID

2271-013-011

ASK ABOUT THIS PROPERTY

Jonathan TaksaRE/MAX Commercial & Investment RealtyMore Info
310-968-5303

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Jonathan TaksaRE/MAX Commercial & Investment RealtyMore Info
310-968-5303

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