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Key Details
Sold Price $6,315,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 15,600 sqft
Price per Sqft $404
MLS Listing ID CL23292197
Sold Date 09/15/23
HOA Y/N No
Year Built 1987
Lot Size 0.306 Acres
Acres 0.31
Property Description
Presenting a rare opportunity to own a pristine 18-unit complex one block south of Ventura Boulevard in one of the most desirable areas of Sherman Oaks. With 100% occupancy, tenants enjoy convenient, walkable access to numerous shopping, dining, public transportation, and entertainment options all within close proximity. This offering presents major upside income potential as rents are currently low and can be increased. The building offers a desirable unit mix, an abundance of parking, low price per square foot, low price per unit, and excellent cap rate. The property is in very good condition with most of the apartments having been upgraded and remodeled. Pride of ownership is present throughout. Do not enter property to disturb tenants; drive by only.
Location
State CA
County Los Angeles
Area Sherman Oaks
Zoning LARD
Interior
Heating Other
Cooling Central Air
Flooring Carpet, Wood
Fireplace No
Laundry Community Facility
Exterior
Utilities Available Other Water/Sewer
Building
Water Other
New Construction No
Others
Tax ID 2266001029
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© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Bought with SallyForster Jones