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Offered for sale for the first time in 48 years, this 15-unit apartment building occupies a prominent 18,300-square-foot corner lot at Fulton Avenue and Kling Street, near the Sherman Oaks/Studio City border. Located in the highly sought-after 91423 zip code, this well-positioned investment property offers a compelling combination of established rental income, value-add potential, and future development opportunities. The property features an attractive unit mix of six one-bedroom and nine two-bedroom residences. Some units are below market, presenting potential for increased rental income. Residents enjoy a central courtyard swimming pool, landscaped frontage, covered gated parking, and additional tenant storage. The property's convenient location provides easy access to Ventura Boulevard, shopping, restaurants, entertainment, and major transportation corridors. Given its current income, prospects for enhancing rental performance, and property redevelopment possibilities, this building presents a very attractive investment opportunity in one of the San Fernando Valley's most desirable rental markets.
Property Type(s):
Commercial
| Last Updated | 10/23/2026 | Year Built | 1962 |
|---|---|---|---|
| Community | SO - Sherman Oaks | County | Los Angeles |
Price History
| Prior to Oct 23, '26 | $4,495,000 |
|---|---|
| Oct 23, '26 - Today | $4,395,000 |
Additional Details
| AREA | SO - Sherman Oaks |
|---|---|
| LOT | 0.42 acre(s) |
| LOT DIMENSIONS | 0.42 |
| STORIES | 2 |
| WATER | Public |
Location
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Listed with RE50 Inc
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.
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