Seller's Agent in 2018
Michael Elatt
Synergy Investment Group
(818) 455-6699
8 Total Sales
13424 Moorpark St Sherman Oaks, CA 91423
11
Beds
10
Baths
5,847
Sq Ft
6,164
Sq Ft Lot
Highlights
- Corner Lot
- Ulysses S. Grant Senior High School Rated A-
- Laundry Room
About This Home
As of December 2018JUST REDUCED and now Best Valued Multifamily Assets in Sherman Oaks/Studio City with Highest CAP and lowest price per sqft !!! SHERMAN OAKS True Pride of Ownership--A charming, well maintained 6-unit Multifamily asset and first time on the market in over 20-years. The Property consists of an Outstanding Unit Mix in a predominantly Strong Rental Market and is comprised of one (1) 3-Bed + 2.5-Bath, three (3) 2-Bed + 2-Bath, and two (2) 1-Bed+1-Bath units. Individually Metered for gas and electric with 6-onsite Parking Spaces and Ample Street Parking. Recent Capital Improvements to include Newer Windows/Patio Doors, Newer Deck/Railing, Newer Water Heater, and still allowing upside with Rents 20%+ below Market. The Property also boasts from having select units recently remodeled and nearly 100% occupancy year round. Ideal as an Owner-User investment with the largest unit (3+2.5) having Central HVAC, separate interior laundry hookups, and tons of recent remodeling to the kitchen, living room and bedrooms. Also ideal for any first-time and/or experienced Multifamily Investor looking to own in SHERMAN OAKS. Centrally located to the 101, 405, 134, and 170 Freeways and less than 1-minute walking distance to VENTURA Blvd. The property sits exceptionally well within walking distance to restaurants, shops, and numerous outlets all throughout Sherman Oaks and Studio City. Per Seller, property is subject to Rent Control and Soft-Story Retrofit.
Last Agent to Sell the Property
Synergy Investment Group License #01765438 Listed on: 08/20/2018
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964
Lot Details
- 6,164 Sq Ft Lot
- Two or More Common Walls
- Corner Lot
Home Design
- 5,847 Sq Ft Home
- Property Attached
Bedrooms and Bathrooms
- 11 Bedrooms
- 10 Bathrooms
Laundry
- Laundry Room
- Laundry in Kitchen
- Leased Washer and Dryer
Listing and Financial Details
- Tax Lot 11
- Tax Tract Number 9645
- Assessor Parcel Number 2360010001
Community Details
Building Details
- Rent Control
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- Electric Expense $3,000
- Fuel Expense $960
- Gardener Expense $800
- Insurance Expense $3,300
- Maintenance Expense $1,000
- Other Expense $750
- New Taxes Expense $24,432
- Operating Expense $34,742
- Gross Income $118,212
- Net Operating Income $84,066
Additional Features
- 6 Units
- Laundry Facilities
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/21/2018 12/21/18 | Sold | $1,950,000 | -7.1% | $334 / Sq Ft |
| 11/02/2018 11/02/18 | Pending | -- | -- | -- |
| 08/20/2018 08/20/18 | For Sale | $2,100,000 | -- | $359 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Michael Elatt
-
NoEmail NoEmail
N
Buyer's Agent in 2018
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
6 in this area
5,947 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR18203460
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