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Multifamily

4525-4531 Hazeltine Avenue

4525 Hazeltine Ave, Sherman Oaks, CA 91423

Listing Price: $3,300,000

Cap Rate
3.00%
Number of Units
12
Price/Unit
$275,000
Price/Gross SF
$338.81
Gross SF
9,740

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale, for the first time in over 40 years, 4525 – 4531 Hazeltine Avenue. The subject property is a 12-unit apartment building located in Sherman Oaks, one of the preeminent markets in Los Angeles. Consisting of two, six-unit buildings on separate parcels totaling over 12,000 square feet, the subject property is comprised of eight one-bedroom units and four two bedroom units. Built in 1954, the subject property has been owned by the same family for over 40 years. While the building has been well-maintained, the property is ideally suited for a comprehensive renovation that would allow investors the ability to increase rental income by more than 63% post renovation. Given the property’s prime Sherman Oaks location and significant value add component, 4525 - 4531 Hazeltine Avenue is positioned to provide investors with healthy upside potential and long-term appreciation.

Investment Highlights

  • 4525-4531 Hazeltine is Being Offered for Sale by Long Term Family Ownership Which has Owned the Property for Over 40 Years
  • While the Property has Been Well Maintained in its Original Condition, Investors Will Have the Opportunity to Increase Rental Income by Approximately 63% Percent
  • The Property is Situated on a Combined 12,073 Square Foot Lot, Zoned LAR3, Within a Tier 1 TOC
  • Located Just North of Ventura Boulevard, The Subject Property is in Close Proximity to Countless Eateries, Nightlife and Retail Center
  • Average Annual Household Incomes in Sherman Oaks are approximately $134,120, Projected to Increase 18% by 2025, While the Average Single Family Home Price in the 91423 Zip Code is $1,424,490.*

Exclusively Listed By

Financing By

Listing Price: $3,300,000

Cap Rate
3.00%
Number of Units
12
Price/Unit
$275,000
Price/Gross SF
$338.81
Gross SF
9,740

Investment Highlights

  • 4525-4531 Hazeltine is Being Offered for Sale by Long Term Family Ownership Which has Owned the Property for Over 40 Years
  • While the Property has Been Well Maintained in its Original Condition, Investors Will Have the Opportunity to Increase Rental Income by Approximately 63% Percent
  • The Property is Situated on a Combined 12,073 Square Foot Lot, Zoned LAR3, Within a Tier 1 TOC
  • Located Just North of Ventura Boulevard, The Subject Property is in Close Proximity to Countless Eateries, Nightlife and Retail Center
  • Average Annual Household Incomes in Sherman Oaks are approximately $134,120, Projected to Increase 18% by 2025, While the Average Single Family Home Price in the 91423 Zip Code is $1,424,490.*

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale, for the first time in over 40 years, 4525 – 4531 Hazeltine Avenue. The subject property is a 12-unit apartment building located in Sherman Oaks, one of the preeminent markets in Los Angeles. Consisting of two, six-unit buildings on separate parcels totaling over 12,000 square feet, the subject property is comprised of eight one-bedroom units and four two bedroom units. Built in 1954, the subject property has been owned by the same family for over 40 years. While the building has been well-maintained, the property is ideally suited for a comprehensive renovation that would allow investors the ability to increase rental income by more than 63% post renovation. Given the property’s prime Sherman Oaks location and significant value add component, 4525 - 4531 Hazeltine Avenue is positioned to provide investors with healthy upside potential and long-term appreciation.

Exclusively Listed By

Financing By

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