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Situated one block from Los Angeles Valley College, the property allows an investor to tap into a high-demand rental pocket while benefiting from the demographics in one of the most desirable neighborhoods within Los Angeles. The property's seismic retrofit repairs have already been completed (Buyer to verify), so a new owner is saved from an otherwise expensive capital expenditure while simultaneously benefiting from monthly passthrough payments. Plumbing at the property has already been upgraded with copper pipes, helping to reduce both maintenance and utility costs for the new owner. Just within the past three years, three of the units have been renovated with upgraded flooring, countertops, windows, and light fixtures. This helps to provide a blueprint for a new investor to remodel the remaining units, which may help recapture the 30% rent upside. Located near the intersection of Woodman Avenue and Burbank Boulevard, the property offers high visibility along one of the San Fernando Valley's main thoroughfares. The Westfield Fashion Square is just 1.3 miles away, while the high-end boutiques and fine dining destinations along Ventura Boulevard are only two miles south. Residents in the area can shop at the numerous grocery stores nearby, notably Erewhon, Whole Foods Market, and Trader Joe's.
Property Type(s):
Residential Income
| Last Updated | 5/8/2025 | Year Built | 1957 |
|---|---|---|---|
| Community | Sherman Oaks | County | Los Angeles |
Additional Details
| AREA | Sherman Oaks |
|---|---|
| GARAGE | Assigned |
| LOT | 5500 sq ft |
| PARKING | Assigned |
| STORIES | 2 |
| ZONING | LAR3 |
Location
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Listed with Marcus & Millichap
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