For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $1,995,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,650 sqft
Price per Sqft $260
MLS Listing ID SR14002706
Sold Date 06/16/14
HOA Y/N No
Year Built 1963
Tax Year 2012
Lot Size 10,497 Sqft
Property Description
The 11 unit apartment building in Sherman Oaks consists of (2) two bedroom one bath units, (2) one bedroom one bath units with a den, (6) one bedroom one bath units, (1) single. The building is 7,650 square feet and is situation on a 10,498 square foot lot.
The building is in good condition. Recent upgrades include a new central water heater, a secured entryway, and 50% of the units have been upgraded.
An astute investor will enjoy historic low interest rates and the increase in rents over time.
The building is separately metered for gas and electricity.
The building is located within walking distance to Ventura Blvd and tenants enjoy local movie theatres, fine dining, and numerous retail establishments. It has easy access to the 405 and 101 on ramps. The building is 100% occupied and has a high historical occupancy rate.
Location
State CA
County Los Angeles
Area So - Sherman Oaks
Interior
Fireplace No
Exterior
Pool Private
Community Features Gutter(s)
Utilities Available Sewer Connected, Water Available
Total Parking Spaces 11
Private Pool Yes
Building
Lot Description 0-1 Unit/Acre
Story Two
Entry Level Two
Level or Stories Two
Others
Tax ID 2261040003
Acceptable Financing Submit
Listing Terms Submit
Financing Conventional
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Cherry Mordeno • Prudential California Realty
GET MORE INFORMATION