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$3,450,000
Est. payment /mo
7,640 Sqft Lot
UPDATED:
04/14/2023 11:00 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CNSR23013384
Originating Board CRISNet
Year Built 1964
Lot Size 7,640 Sqft
Property Description
We are proud to represent this 10 unit apartment building in Sherman Oaks, south of the Blvd. and situated among multi-million dollar homes. The property was constructed 1964. Its unit mix consists of (7) 1+1 units, (1) 1+1.5 unit, and (2) studio units. With a lot size of 7,640 square feet, the property has a total of 8,675 rentable square feet. Soft story retrofit has been completed and 40% of the units have been upgraded. There is tremendous upside in rents and below market financing at 3.25% interest with a loan amount of $1,800,000 is available. The property is situated in a prime Sherman Oaks area, which has a comfortable blend of urban and suburban amenities. Along with sunny clean sidewalks, the city offers many hip cafes and shops - especially on Ventura Boulevard, which features the Sherman Oaks Galleria and many upscale restaurants. Residents also have easy access to the 405 and 101 freeways. It is separately metered for gas and electricity.
Location
State CA
County Los Angeles
Area So - Sherman Oaks
Interior
Laundry Community Facility
Exterior
Pool None
Building
Water District - Public
Others
Tax ID 2373005010
Special Listing Condition Not Applicable
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Listed by Cindy Hill • Equity Union
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Sharad Gupta
Broker | License ID: 02213637
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