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Key Details
Sold Price $1,560,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 4,186 sqft
Price per Sqft $372
MLS Listing ID CRSR23177634
Sold Date 11/17/23
HOA Y/N No
Year Built 1956
Lot Size 6,205 Sqft
Acres 0.14
Property Description
We proudly introduce 13550 Rye St, Sherman oaks CA – A clean cut low maintenance investment property. This Apartment building has a great unit mix with 6 units comprised of (4) 2 Beds + 1 Baths & (2) 1 bed + 1 baths. Total building square feet are 4,186 sqft &, the lot size is 6,205 sqft. This property is cost effective with low monthly expenses with no gardener expenses necessary, separately metered for electricity and gas & overall low maintenance characteristics. The Laundry is owner owned and operated which makes roughly $160 per month for added income. The combined monthly income for the units is $8,733. The Sherman Oaks neighborhood is known for its high-end residential atmosphere with an affluent resident population, many entertainment options on Ventura Blvd, chic restaurants & lively night life. This building is close to high end shopping malls, entertainment centers, & the 101 & 405 freeways which make it a hot spot for renter desirability. Enjoy low vacancy rates & a long lasting income stream for generations.
Location
State CA
County Los Angeles
Area Listing
Zoning LAR3
Interior
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Other
Building
Lot Description Cul-De-Sac
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 2360004018
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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 SteveNakachian