12 Units on 2 Parcels in Prime Sherman Oaks. Trophy location off Riverside Dr and Coldwater Canyon near the Whole Foods. This is an extremely rare opportunity to purchase a prized property owned by the same family for 20 years. A HUGE amount of money was invested into these buildings in the past few years. Two 6 unit buildings with very spacious six 1Br+1Ba apartments and six 2Br+2Ba apartments. The apartments on the 2nd floor have beautiful vaulted ceilings. One 1Br+1Ba unit is currently vacant. A total of 5 units have been remodeled with very high quality fixtures, finishes, custom tile. 12 open parking spaces in the rear, soft story retrofitting is completed, new roof on one building, and extensive electrical upgrades done on both buildings: new meters, main panels and sub panels. This is an excellent location in a very residential neighborhood with an extremely high barrier to entry. Close to Studio City, the new Shops at the Sportsman's Lodge (Equinox, Erewhon, Sugarfish, etc), Westfield Fashion Square Mall, Ventura Blvd, and so much more. This is an ideal addition to the discerning investor's portfolio.
- Price:
- $3,599,000
- Bedrooms:
- 18
- Square Footage:
- 11,052
- Acreage:
- 0.16
- Year Built:
- 1957
- Listing ID #:
- 23-236545
- Street Address:
- 4850 Van Noord Ave
- City:
- Sherman Oaks
- State:
- California
- Postal Code:
- 91423
- County:
- Los Angeles
- Community:
- Sherman Oaks
- Listing Status:
- Active
- Listing Type:
- Residential Income
School District: Los Angeles Unified
- Building Faces:
- West
- Building Security:
- Carbon Monoxide Detector(s), Smoke Detector
- Construction Description:
- Stucco
- Flooring:
- Mixed
- Number Of Units:
- 12
- Stories:
- 2
- Style:
- Mid-Century
- Total # Of Buildings:
- 2
- Total Building Square Footage:
- 11052
- Type Of Roof:
- Composition, Shingle
- Year Built:
- 1957
- Gross Income:
- 222241
- Net Operating Income:
- 117487.00
- Conforms To Zoning:
- Lard1.5
- Lot Square Footage:
- 11062
- Days On Market:
- 60
- Owner Pays:
- Electricity, Gas, Gardener, Water
- Price Per Square Foot:
- 325.64
- Tenant Pays:
- Gas, Electricity
- Bathroom Description:
- Shower And Tub, Tile
- Kitchen Appliances:
- Gas
- Kitchen Features:
- Stone Counters, Tile Counters
- Parking Description:
- Assigned, Uncovered
- Parking Spaces:
- 12
- Cooling System:
- Window Unit(s)
- Equipment:
- Dishwasher, Ceiling Fan, Gas Dryer Hookup, Washer, Recirculated Exhaust Fan
- Existing Water:
- Public
- Heating:
- Wall Gas
- Laundry:
- Room
- Sewage Type:
- In Connected And Paid
- Water Heater:
- Gas, Central Water Heater
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By Dana Coronado of Keller Williams Realty Encino-Sherman Oa
