4546 Murietta Ave - Apartments FOR SALE


Sherman Oaks, CA 91423
$3,300,000 USD
818-432-1575
4546 Murietta Ave, Sherman Oaks, CA for Sale
$3,300,000 USD
Apartments - FOR SALE
1/9
null | 5.3% Cap Rate

4546 Murietta Ave
Sherman Oaks, CA 91423


HIGHLIGHTS

  • A 13-unit Multifamily Opportunity in the highly desirable Sherman Oaks neighborhood in the Eastern San Fernando Valley.
  • Six (6) One-Bedroom | One-Bathroom, Six (6) Two-Bedroom | Two-Bathroom AND One (1) 3-Bedroom | 2-Bathroom apartment homes.
  • 4546 Murietta Avenue is situated near Moorpark Street and is considered a prime Sherman Oaks location.
  • The property provides Thirteen (13) gated parking spaces. The soft-story retrofit work was completed in 2023.
  • Operational costs are low due to drought-tolerant landscaping and separate gas and electric utility metering.
  • Future increases in income could be achieved through unit attrition, progressive management practices, operational efficiencies and future upgrades.

OVERVIEW

KW Commercial is pleased to present 4546 Murietta Avenue, Sherman Oaks (91423), a 13-unit apartment building being offered for sale for the first time in nearly 40 years. 4546 Murietta is located between Valleyheart Drive and Moorpark Street, which is considered one of SFV's most stable and dynamic rental markets. It offers easy access to an enormous and diverse set of employers. The immediate area has historically provided investors with exceptional long-term capital appreciation and wealth preservation. 4546 Murietta Avenue, built in 1965 and comprised of 10,606 SF of improvements, features oversized apartments and an ideal unit composition of Six (6) One-Bedroom | One-Bathroom, Six (6) Two-Bedroom | Two-Bathroom, and One (1) Three-Bedroom | Two-Bathroom apartment homes. The units surround a quiet gated court area with drought-tolerant landscaping. The offering is situated on a large parcel measuring 13,587 square feet. Most unit interiors feature wood flooring and central air conditioning and could benefit from systematic upgrading as units turn over. A significant delta exists between current rents and the area's market rents. While producing stable current income, the property would be well-served by interior unit updates as units tun-over, operational efficiencies, progressive management practices, implementing RUBS utility billing, and sourcing additional revenue streams. Resident amenities include parking for 13 vehicles, a common-area laundry room, gated entry, drought-tolerant landscaping, well-kept common areas, and separate gas and electrical utilities. Sherman Oaks is one of LA's most stable and desirable suburban neighborhoods. Furthermore, the subject property offers residents access to a myriad of entertainment venues, travel corridors, and dining options in and around the surrounding neighborhoods.

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$311 USD /SF

# OF UNITS

13

PRICE/UNIT

$253,846

CAP RATE

5.3%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

13 Units in Prime Sherman Oaks

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

LAR3

APN/PARCEL ID

2271-003-019

ASK ABOUT THIS PROPERTY

Rich JohnsKW CommercialMore Info
818-432-1575

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Rich JohnsKW CommercialMore Info
818-432-1575

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