Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1973
Sq.Footage
N/A
We are proud to present this 28 unit apartment building in a solid Sherman Oaks location. Built in 1973, the property is subject to Los Angeles City rent control. There is an excellent unit mix which includes Six Studio Units, Seventeen One-Bedroom/One-Bath Units, and Five Two-Bedroom/Two-Bath Units. The building features an expanded courtyard and a pool for residents to enjoy. The building is also secured with intercom access. Additionally, on site laundry is available for residents; this affords the building owner some additional income. Located just North of Burbank Boulevard, the property offers residents a very desirable location. Quick access to the 101 and 405Freeways, residents can easily get to plenty of dining, shopping and entertainment options nearby. With the easy freeway access, plenty of employment opportunities in the neighboring cities are also a short drive away. This opportunity is perfect for an investor looking for a long-term investment that should yield stable rental income and also has upside in rents as units turnover. ***LA City Soft Story Seismic Retrofitting work has been completed***
Features & Amenities
Interior
Area & Lot
-
Lot Size(acres)
0.5664
-
Property Type
Residential Income
Exterior
-
Garage
No
-
Parking
Covered, Gated
Financial
-
Sales Price
$8,250,000
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Location
County
Los Angeles
Elementary School
Middle School
High School
Listing Courtesy of Brett Sanson , Marcus & Millichap
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