Property listed by The Agency, Denise Snanoudj 424-230-3700
$1,350,000
Welcome to an exceptional investment opportunity in Sherman Oaks! This four-unit apartment building offers outstanding value for investors looking to capitalize on one of Los Angeles' most desirable neighborhoods. The property features a mix of one- and two-bedroom units, all situated in a prime location within this sought-after community.Zoned R3,… Read More the property includes a recently renovated, spacious two-bedroom, two-bathroom unit with a large private backyard, along with three generously-sized one-bedroom, one-bathroom units. Recent capital improvements ensure the building is in excellent condition, with upgrades including new copper piping, a new roof, earthquake retrofitting, double-paned windows and sliding doors, high-quality composite decking, a new fence, and low-maintenance artificial turf.Units 1 and 3 have undergone extensive renovations, featuring sleek laminate flooring, modern kitchen cabinets, granite countertops, new appliances, and fully updated bathrooms with new tile, fixtures, and cabinetry.Building amenities include common area laundry facilities, individually metered gas and electricity, secure entry, a combination of gated and garage parking, plus additional guest parking.Located in a vibrant Sherman Oaks neighborhood, the property offers easy access to premier shopping, dining, and entertainment, as well as quick connections to the 101 and 405 Freeways. Outdoor enthusiasts will appreciate the proximity to nearby parks, including Lake Balboa Park, which will host events during the 2028 LA Olympics.With consistently strong demand for one-bedroom units, this property ensures stable rental income and long-term profitability. Its ideal location and well-maintained condition make it a rare, turn-key investment opportunity in one of LA's most dynamic and resilient real estate markets. This is the perfect opportunity for investors seeking long-term wealth preservation and reliable returns. Read Less
Listing Snapshot
Days Online
1
Last Updated
Property Type
Other
Beds
6
Square Ft.
3,474
Lot Size
0.1 Acres
Year Built
1961
MLS Number
25485851
30 Days Snapshot Of 91411
$1,124k
0%
(avg) sold price
0
-100%
homes sold
96
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Refrigerator
Building
Built in 1961, Building area total: 3,474, Levels: Two, Living area: 3474, 2 stories, 1 building
Heating
ForcedAir
Income
Gross income: $83,808, Net operating income: $57,480
Interior Features
CeilingFans
Lot
0.0985 acres, 4,290 square feet, Size: 4,290
Parking
Covered, Guest, SideBySide
Property
Zoning: LAR3
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Confirm your time
Fill in your details and we will contact you to confirm a time.
