Request More Info
Schedule a Showing
Share
Print
|
We are pleased to present 13804-13808 Moorpark St., a fully renovated, turnkey eight-unit multifamily property in the heart of Sherman Oaks. Ideally situated near Woodman Avenue and Moorpark Street, it's just one block from Ventura Boulevard's top shopping, dining, and nightlife.Seven of the eight units are currently vacant, fully renovated, and rent-ready, giving buyers the option to close escrow with vacancies or have the seller lease them beforehand. This exibility appeals to both traditional investors and mission-driven buyers, such as nonprots seeking move-in-ready housing.Over the past three years, the sellers have invested approximately $1,000,000 into the property, including a ground-up development of two, two-bed ADUs over the parking lot and a full renovation of the original six-unit building. Situated on a prime corner lot, the property features eight dedicated parking spaces and a fenced-in side yard, perfect for a BBQ area or dog walk. Each unit is separately metered for gas and electricity, with two water metersone for each buildingallowing for an easy implementation of a RUBS utility reimbursement system upon lease-up.The newly constructed ADU building, completed in 2025, consists of two spacious two-bed, two-bath units, each with a den/ofce and high-end nishes, nine-foot ceilings, and in-unit laundry. All work has been completed, and the certicate of occupancy is anticipated by June 2025, providing a fully move-in-ready asset at delivery.The original six-unit building, built in 1953 and renovated between 2023-2025, consists entirely of studio units. Five have been fully upgraded and are currently vacant, while one longer-term tenant remains in place. Each renovated unit features a separate kitchen and sleeping area, new copper plumbing, electrical systems, cabinetry, ooring, appliances, and in-unit washer/dryersan uncommon feature for Sherman Oaks studios, boosting rental appeal.This property presents an excellent investment opportunity, providing buyers with the rare chance to acquire a fully renovated, primarily vacant asset in prime Sherman Oaks. It is suitable for both investors seeking immediate high rental income potential and nonprots requiring housing for their organizational needs. The property offers substantial rental potential, long-term value, and strategic adaptability.
Property Type(s):
Residential Income
| Last Updated | 3/26/2025 | Year Built | 1953 |
|---|---|---|---|
| Community | Sherman Oaks | County | Los Angeles |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dryer, Washer |
| AREA | Sherman Oaks |
| GARAGE | Covered |
| HEAT | Central, Wall Furnace |
| LOT | 6078 sq ft |
| PARKING | Covered |
| STORIES | 2 |
| ZONING | LAR3 |
Location
Contact us about this Property
| / | |
| We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Carie Webber to contact you even if your name is on a Federal or State "Do not call List". | |
Listed with Marcus & Millichap
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2025.
Twitter
Facebook
Email