Investment Overview

We are proud to present this 18-unit apartment building in a great Sherman Oaks location. The property was built in 1957 and is subject to the LA City Rent Control. There is an excellent unit mix that includes Seventeen Two-Bedroom/Two-Bath Units and One One-Bedroom/One-Bath Unit. Eleven of the units have been completely renovated including in-unit washer/dryers. The building system infrastructure has been upgraded to accommodate the remaining seven units that do not have washer/dryers. Some of the renovations include calcutta quartz countertops, shaker cabinetry, vinyl plank flooring, upgraded windows and stainless-steel appliances. The units are built around a central courtyard that features a pool. The building has upgraded windows, upgraded roof, tiled entry way, beautiful landscaping and more. The residence is secured with gated access from the front and gated parking in the back (18 spaces). Ample street parking is also available. The property is just a quick drive away from plenty of dining, shopping and entertainment options on Ventura Blvd. A few blocks to the south is the 101 Freeway which provides easy access to the surrounding area and job opportunities. And for recreation, Sherman Oaks Park is just across the street from the property. This opportunity is perfect for an investor looking for a well-located, turn-key asset with good upside via a proven renovation program. Furthermore, this property has attractive assumable financing at 3.36% Interest Only