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.
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0BEDS
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0.18ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
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.
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-06-01T00:34:09.453. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.