Property
Beds
25
Full Baths
None
1/2 Baths
None
Year Built
1984
Sq.Footage
13,560
The offering is a rare and attractive value add investment property located in Prime Sherman Oaks Adjacent to Encino. The property is situated in one of the trendiest neighborhoods in the San Fernando Valley, located just off of Ventura Blvd tenants are within close walking distance to a plethora of fine dining, shopping, and entertainment option. Built in 1984, the asset is not under Radical Los Angeles Rent Control, under AB 1482 the owner will be able to raise rents 8.8% per year. The asset is well maintained with little to no deferred maintenance. This is a brilliant opportunity for a savvy investor to acquire an ultra-prime Valley Location with significant value-add potential. There is an excellent unit mix consisting of Five 1 Bedroom / 1 Bathroom, Five 2 Bedroom/ 1 Bathroom, Four 2 Bedroom / 2 Bathroom & One 2 Bedroom / 2.5 Bathroom Townhome Unit, very desirable for today's rental market. There is subterranean gated parking and with ample space. All units are separately metered Gas and Electrics. This Valuable Asset is available for Sale for the first time in 32 Years!
Features & Amenities
Interior
-
Total Bedrooms
25
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
N/A
-
Heating YN
YES
-
Heating
Central
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Parking
Gated
-
Pool
No
Area & Lot
-
Lot Size(acres)
0.2741
-
Property Type
Residential Income
Price
-
Sales Price
$5,600,000
-
Sq. Footage
13, 560
-
Price/SqFt
$412
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
2
-
Senior Community YN
NO
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Location
County
Los Angeles
Elementary School
Middle School
High School
Listing Courtesy of David Saghian , Kidder Mathews of California, Inc.
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