NOT LISTED FOR SALE

4916 Hazeltine Ave Sherman Oaks, CA 91423

14 Beds
10 Baths
7,068 Sq Ft
7,911 Sq Ft Lot

Last Sold July 09, 2024

Last sale price $2,400,000 $340 Per Sq Ft

58 Days on Market

Highlights

  • Traditional Architecture
  • Attached Carport
  • 4-minute walk to Van Nuys-Sherman Oaks War Memorial Park
  • Chandler Elementary Rated A-
  • Laundry Facilities

About This Home

As of July 2024

4916 Hazeltine Ave, in the highly sought-after neighborhood of Sherman Oaks, presents a fantastic income opportunity with its 100% occupied, eight-unit building. With its ASSUMABLE FINANCING AT 3.51%, spacious 7,068 square footage building situated on a generous 7,908 square foot lot, this investment offers both size and potential. The prime Sherman Oaks location further enhances its appeal, providing easy access to all the amenities and attractions the area offers. Featuring a well-balanced apartment mix, including (2) three-bedroom units, (2) two-bedroom units, and (4) one-bedroom units, this property caters to a diverse range of tenants, ensuring stable and consistent rental income. Sherman Oaks is renowned for its tranquil suburban atmosphere, making it an ideal setting. The neighborhood's proximity to major studios further adds to its allure, attracting residents working in the thriving movie and TV industry. Residents of Sherman Oaks benefit from an array of upscale shopping options, including the nearby Westfield Mall and Sherman Oaks Galleria, along with a variety of local restaurants and boutiques. Outdoor enthusiasts will appreciate the abundance of parks, including the popular Van Nuys-Sherman Oaks Park, providing ample opportunities for leisure and recreation. Convenient access to major transportation lines such as the 101 and 405 freeways ensures seamless connectivity to surrounding areas, further enhancing its desirability as a place to live. Overall, 4916 Hazeltine Ave presents an enticing opportunity for investors looking to capitalize on the stability and potential of the Sherman Oaks real estate market.

Last Agent to Sell the Property

Laura Klein

KRE + Associates License #01435968 Listed on: 03/27/2024

Last Buyer's Agent

Anthony Walker

Buckingham Investments, Inc License #01908153

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 7,911 Sq Ft Lot

Home Design

  • Traditional Architecture

Interior Spaces

  • 7,068 Sq Ft Home
  • 2-Story Property
  • Leased Washer and Dryer

Kitchen

  • Oven or Range
  • Disposal

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 10 Bathrooms

Parking

  • 8 Parking Spaces
  • Attached Carport

Utilities

  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Tenant pays for electricity, cable TV, gas
  • The owner pays for gardener, water
  • Assessor Parcel Number 2269-015-005

Community Details

Building Details

  • Rent Control
  • Vacancy Allowance $5,519

Additional Features

  • 8 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Traditional
  • Levels: Two
  • Street Number Display: Yes
  • Alley: Yes
  • Entry Location: Ground Level - no steps
  • Living Area: 7068
  • Lot Acreage: 0.1816
  • Year Built: 1958
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 14
  • Laundry: Community
  • Laundry Equipment: Lease
  • Total Bathrooms: 10.00
  • Equipment: Garbage Disposal, Range/Oven, Refrigerator
  • Price Per S Q F T: 353.71

Exterior Features

  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool: No
  • Spa Yn: No

Garage/Parking

  • Parking Garage: Carport Attached
  • Total Parking: 8

Utilities

  • Cooling: Window Unit(s)
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 49.86
  • Assessed Improvement Value: 1033883
  • Assessed Land Percent: 50.14
  • Assessed Land Value: 1039659
  • Total Assessed Value: 2073542
  • Assessor Parcel Number: 2269-015-005
  • Lot Size Area: 7911

Rental Info

  • Owner Pays: Gardener, Water
  • Rent Control: Yes
  • Tenant Pays: Electricity, Cable TV, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 13.52
  • Number Of Units: 8
  • Type Of Units: Apartments
  • Vacancy Allow: 5519
  • Vacancy Allow Percent: 3.00

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/09/2024 07/09/24 Sold $2,400,000 -4.0% $340 / Sq Ft
05/24/2024 05/24/24 Pending -- -- --
03/27/2024 03/27/24 For Sale $2,500,000 -- $354 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-373617

The MLS