• 26,910 sq.ft.
  • 14,245 sq.ft. lot
offered at $7,600,000
Status: Pending // Property Type:
County: Los Angeles // Year Built: 1968

Property Description

We are proud to represent this 18 unit plus 2 additional non-conforming units apartment building in Sherman Oaks. The non conforming units are in the process of being legalized with the city with permits expected in 2018. The building was constructed in 1968. Its unit mix consists of (3) one-bedroom, one-bathroom units, (9) two-bedroom, two-bathroom units, (2) two-bedroom, two-bathroom and a den units and (4) three-bedroom and two-bathroom units (converted from 2+2+den units). With a lot size of 14,245 square feet, the property has a total of 26,910 rentable square feet. There are (2) non confirming units that bring in an additional $1000 each per month. There is an existing loan in the approximate amount of $3,500,000 that was originated in 2015. The loan is at 3.35% interest that is fixed until October 16, 2020. 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. The building’s amenities include an indoor pool, balconies, central HVAC units, secured parking, and lush landscaping. It is separately metered for gas and electricity

Listing Courtesy of Cindy Hill, Keller Williams Realty-Studio

Exterior Features

Exterior Features: Curbs
  • raj qsar
    CEO | Owner |
    CalBRE# 01744847
    • cell 714.412.5019
    • office 949.612.2535
    email Raj

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