
4556 Vista Del Monte Ave Sherman Oaks, CA 91403
Highlights
- Corner Lot
- Balcony
- Views
- Van Nuys High School Rated A
- Bathtub with Shower
- Open Patio
About This Home
As of February 2023This 8-unit, prime value-add property is located North of Ventura Blvd in the highly desirable Sherman Oaks neighborhood, adjacent to Studio City, Valley Glen, and Valley Village. 4556 Vista Del Monte Ave comprises eight 1-bedroom + 1-bathroom units, a total living area of 5,782 sqft, and is situated on an LAR3 Zoned 6,248 sqft lot. This offering presents a rare opportunity for investors to acquire an excellently located apartment building to reposition and upgrade to obtain market premium rents to stabilize at a 5.7%+ Cap rate | 12.9 GRM with the potential to scale and reduce expenses to achieve an even higher rate of return.Investors seeking an asset to employ a value-add strategy can promptly reposition the asset and achieve a higher yield. Four vacant units will allow investors to decide on their own finishes and styles and set market rents. The units are all separately metered for electricity and gas, and the property has a shared laundry room (leased machines). There are 8 tuck-under carport spaces providing easy access for tenants, as well as a private terrace overlooking Hortense St for tenants to use as a common area. With an excellent walk score of 84, this area of Sherman Oaks is a paradise for pedestrians. You can leave your car parked and take a walk down Ventura Blvd to enjoy the city's vibrant atmosphere with plenty of dining, shopping, and employment opportunities nearby. There is also easy access to public transportation and parking, which enables residents to get to offices and businesses nearby with shorter commute times to Studio City, DTLA, and Hollywood.
Last Agent to Sell the Property
Keller Williams Studio City License #01349349 Listed on: 10/27/2022

Property Details
Home Type
- Multi-Family
Year Built
- Built in 1958
Lot Details
- 6,248 Sq Ft Lot
- Corner Lot
Interior Spaces
- 5,782 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Oven or Range
- Leased Washer and Dryer
- Property Views
Flooring
- Carpet
- Laminate
- Tile
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Bathrooms
- Bathtub with Shower
Parking
- 8 Parking Spaces
- Attached Carport
Outdoor Features
- Balcony
- Open Patio
Utilities
- Cooling System Mounted In Outer Wall Opening
- Heating System Mounted To A Wall or Window
Community Details
- 8 Units
- Laundry Facilities
Listing and Financial Details
- Tenant pays for electricity, gas
- Assessor Parcel Number 2265-011-041
Similar Homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
02/27/2023 02/27/23 | Sold | $1,910,000 | -16.9% | $330 / Sq Ft |
11/29/2022 11/29/22 | Pending | -- | -- | -- |
10/27/2022 10/27/22 | For Sale | $2,299,000 | -- | $398 / Sq Ft |
Tax History Compared to Growth
Agents Affiliated with this Home
-
Seller's Agent in 2023
David Weinberger
Keller Williams Studio City
(818) 970-0915
1 in this area
70 Total Sales
-
Seller Co-Listing Agent in 2023
David Rothblum
RE/MAX
(818) 400-0803
7 in this area
118 Total Sales
-
Buyer's Agent in 2023
Adam Zunder
Iconic Investments
(818) 554-5560
1 in this area
41 Total Sales
Map
Source: The MLS
MLS Number: 22-212769

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