4462 Murietta Ave 21 Unit Apartment Building $5,495,000 ($261,667/Unit) Sherman Oaks, CA 91423
INVESTMENT HIGHLIGHTS
- Amazing Sherman Oaks Location
- Upcoming Vacancies and Rental Increases
- 21 Unit Apartment Complex
- Upside Investment
EXECUTIVE SUMMARY
***Motivated Seller - Major Price Reduction***
Spectrum Commercial Real Estate is pleased to present the opportunity to purchase 4462 Murrieta Avenue, a 21 unit apartment complex in the highly desirable Sherman Oaks neighborhood. Less than 1 mile from the 101 Freeway and walking distance to several restaurants and amenities.
The property consists of 21 units, complete with carports & storage space for the Tenants in addition to a common courtyard and pool. Built in 1956, the exterior of the building was recently updated with security access gates and a new roof was installed within the last 5 years.
The Property, located one block off Ventura Blvd & Hazeltine Ave, consists of the main structure & parking garages, with 4 - 1 bed room/1 bath room, 14 - 2 bed room/1 bath room, 2 - 3 bed room/2 bath room, & 1 bachelor apartments. There are separate onsite parking ports for each unit. 4462 Murrieta Avenue has perhaps one of the most walkable neighborhoods in Sherman Oaks.
Seller is motivated and will consider all offers. Call Broker for more info.
Spectrum Commercial Real Estate is pleased to present the opportunity to purchase 4462 Murrieta Avenue, a 21 unit apartment complex in the highly desirable Sherman Oaks neighborhood. Less than 1 mile from the 101 Freeway and walking distance to several restaurants and amenities.
The property consists of 21 units, complete with carports & storage space for the Tenants in addition to a common courtyard and pool. Built in 1956, the exterior of the building was recently updated with security access gates and a new roof was installed within the last 5 years.
The Property, located one block off Ventura Blvd & Hazeltine Ave, consists of the main structure & parking garages, with 4 - 1 bed room/1 bath room, 14 - 2 bed room/1 bath room, 2 - 3 bed room/2 bath room, & 1 bachelor apartments. There are separate onsite parking ports for each unit. 4462 Murrieta Avenue has perhaps one of the most walkable neighborhoods in Sherman Oaks.
Seller is motivated and will consider all offers. Call Broker for more info.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
PROPERTY FACTS
| Price | $5,495,000 |
| Price Per Unit | $261,667 |
| Sale Type | Investment |
| Gross Rent Multiplier | 11.43 |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.50 AC |
| Building Size | 33,054 SF |
| No. Stories | 2 |
| Year Built | 1956 |
| Parking Ratio | 0.64/1,000 SF |
| Zoning | R3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Disposal
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
SITE AMENITIES
- Courtyard
- Laundry Facilities
- Pool
- Recycling
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 4 | - | - |
| 2+1 | 14 | - | - |
| 3+2 | 2 | - | - |
1 of 1
Walk Score®
Very Walkable (81)
PROPERTY TAXES
| Parcel Number | 2271-012-005 | Improvements Assessment | $1,291,357 |
| Land Assessment | $554,947 | Total Assessment | $1,846,304 |
CONTACTS
-
Arthur Minassian -
Ronald Kassan -
Spectrum Commercial Real Estate, Inc.