Seller's Agent in 2024
Nick Astrupgaard
KW Commercial Studio City
(818) 432-1580
3 in this area
24 Total Sales
15286 Sutton St Sherman Oaks, CA 91403
6
Beds
19
Baths
9,560
Sq Ft
8,142
Sq Ft Lot
About This Home
As of October 202415285 Sutton Street is a 19-unit apartment community located in a premier Sherman Oaks neighborhood. The building is on a tree-lined street and boasts great freeway access to the 405. The offering allows investors to acquire an irreplaceable turn-key asset in one of LA's most dynamic and stable markets. The property is well-maintained and has incredible curb appeal. The unit interiors offer a blend of midcentury style with modern convenience. Their vintage style offers ample cabinet and storage space in their open layout. Many units have a balcony with great natural light throughout. Ownership has just completed the buildout of three brand-new ADUs, totaling 1,416 additional square feet. The designs are modern, with brand-new bathrooms, kitchens, appliances, flooring, and sleek fixtures. Ownership has achieved great rents and set a model for future income.15286 Sutton Street is being offered for sale at a 6.2% Cap Rate and 11.2 GRM. The property is master-metered for electricity, water, and gas. Current ownership has implemented a RUBs System (Ratio Utility Billing System). The property is well-parked, with 15 onsite parking spaces. Soft-Story retrofit was completed in 2019. This building is located right off Sepulveda, two blocks south of Ventura Boulevard. It is close to Whole Foods, Blue Dog Tavern, Sherman Oaks Galleria, 24-Hour Fitness, and Yoga Studios, making it super convenient for tenants. With its prime location in Sherman Oaks, 15286 Sutton Street is an outstanding rental location for residents looking for immediate access to major employers, services, and entertainment venues. The proximity to world-class neighboring venues makes this an ideal investment for apartment operators seeking a stable investment opportunity and long-term wealth preservation and appreciation.
Last Agent to Sell the Property
KW Commercial Studio City License #01893466 Listed on: 05/15/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964
Lot Details
- 8,142 Sq Ft Lot
Parking
- 15 Parking Spaces
Interior Spaces
- 9,560 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 19 Bathrooms
Community Details
- 19 Units
Listing and Financial Details
- Assessor Parcel Number 2276-042-006
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/22/2024 10/22/24 | Sold | $5,125,000 | +262990.3% | $536 / Sq Ft |
| 10/01/2024 10/01/24 | Pending | -- | -- | -- |
| 06/19/2024 06/19/24 | Price Changed | $1,948 | +2.6% | $4 / Sq Ft |
| 06/18/2024 06/18/24 | Price Changed | $1,898 | 0.0% | $4 / Sq Ft |
| 06/18/2024 06/18/24 | For Rent | $1,898 | 0.0% | -- |
| 05/15/2024 05/15/24 | For Sale | $5,350,000 | 0.0% | $560 / Sq Ft |
| 04/24/2024 04/24/24 | Price Changed | $1,698 | -5.6% | $4 / Sq Ft |
| 04/03/2024 04/03/24 | Price Changed | $1,798 | -5.3% | $4 / Sq Ft |
| 03/27/2024 03/27/24 | Price Changed | $1,898 | 0.0% | $4 / Sq Ft |
| 03/27/2024 03/27/24 | For Rent | $1,898 | +5.6% | -- |
| 01/19/2024 01/19/24 | For Rent | $1,798 | 0.0% | -- |
| 01/11/2024 01/11/24 | Price Changed | $1,798 | -2.7% | $4 / Sq Ft |
| 12/02/2023 12/02/23 | Price Changed | $1,848 | +2.8% | $4 / Sq Ft |
| 11/16/2023 11/16/23 | Price Changed | $1,798 | -2.7% | $4 / Sq Ft |
| 11/15/2023 11/15/23 | Price Changed | $1,848 | -2.6% | $4 / Sq Ft |
| 10/20/2023 10/20/23 | Price Changed | $1,898 | -5.0% | $4 / Sq Ft |
| 10/18/2023 10/18/23 | Price Changed | $1,998 | -2.4% | $4 / Sq Ft |
| 10/07/2023 10/07/23 | Price Changed | $2,048 | +17.2% | $4 / Sq Ft |
| 09/28/2023 09/28/23 | Price Changed | $1,748 | -16.7% | $4 / Sq Ft |
| 09/27/2023 09/27/23 | Price Changed | $2,098 | -4.5% | $4 / Sq Ft |
| 09/20/2023 09/20/23 | Price Changed | $2,198 | +25.7% | $5 / Sq Ft |
| 09/13/2023 09/13/23 | Price Changed | $1,748 | -2.8% | $4 / Sq Ft |
| 09/12/2023 09/12/23 | Price Changed | $1,798 | 0.0% | $4 / Sq Ft |
| 09/12/2023 09/12/23 | For Rent | $1,798 | +7.3% | -- |
| 08/03/2023 08/03/23 | Price Changed | $1,675 | 0.0% | $3 / Sq Ft |
| 08/03/2023 08/03/23 | For Rent | $1,675 | +4.8% | -- |
| 02/02/2023 02/02/23 | Price Changed | $1,598 | -11.1% | $3 / Sq Ft |
| 01/19/2023 01/19/23 | Price Changed | $1,798 | +12.5% | $4 / Sq Ft |
| 01/13/2023 01/13/23 | For Rent | $1,598 | 0.0% | -- |
| 10/12/2022 10/12/22 | Price Changed | $1,598 | -5.9% | $3 / Sq Ft |
| 09/30/2022 09/30/22 | Price Changed | $1,698 | -5.6% | $4 / Sq Ft |
| 09/30/2022 09/30/22 | For Rent | $1,798 | 0.0% | -- |
| 09/20/2022 09/20/22 | Price Changed | $1,798 | 0.0% | $4 / Sq Ft |
| 09/20/2022 09/20/22 | For Rent | $1,798 | -10.0% | -- |
| 06/30/2022 06/30/22 | Price Changed | $1,998 | +21.2% | $4 / Sq Ft |
| 06/07/2022 06/07/22 | For Rent | $1,648 | 0.0% | -- |
| 05/19/2022 05/19/22 | For Rent | $1,648 | -- | -- |
Source: The MLS
Tax History Compared to Growth
Agents Affiliated with this Home
-
Nick Astrupgaard
-
Rich Johns
Seller Co-Listing Agent in 2024
Rich Johns
KW Commercial Studio City
(818) 432-1500
3 in this area
34 Total Sales
-
Lori Michelle Marks
Buyer's Agent in 2024
Lori Michelle Marks
Douglas Elliman Of California
1 in this area
8 Total Sales
-
Jason Froehlich
Buyer Co-Listing Agent in 2024
Jason Froehlich
Douglas Elliman
(424) 203-1800
1 in this area
4 Total Sales
Map
Source: The MLS
MLS Number: 24-392519
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