NOT LISTED FOR SALE

Los Angeles, CA 91423

13 Beds
13 Baths
7,820 Sq Ft
0.35 Acres

Last Sold June 07, 2024

Last sale price $2,700,000 $345 Per Sq Ft

74 Days on Market

About This Home

As of June 2024

The offering is a rare and attractive value add investment property located in Prime Sherman Oaks Adjacent to Studio City. The property is situated in one of the trendiest neighborhoods in the San Fernando Valley, located just off of Ventura Blvd tenants are within close walking distance to the New Sportsman Lodge where there is an abundance of plethora of fine dining, shopping, and entertainment options. This is a brilliant opportunity for a savvy investor to acquire an ultra-prime Valley Location with significant value-add potential. There is an excellent unit mix consisting of Twelve 1 Bedroom / 1 Bathroom Units and One Studio Unit which is, very desirable for today's rental market. Two of the Units will be delivered Vacant at the close of escrow. The property sits on a large 15,160 SF Lot and has 14 Uncovered Parking Spaces. All units are separately metered Gas and Electric. This Valuable Asset is available for Sale for the first time in+25 Years!

Last Agent to Sell the Property

Michael Monempour

Lyon Stahl Investment Real Estate, Inc. License #01996829 Listed on: 02/29/2024

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Michael Monempour

Lyon Stahl Investment Real Estate, Inc. License #01996829 Listed on: 02/29/2024

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 0.35 Acre Lot

Interior Spaces

  • 7,820 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 13 Bathrooms

Parking

  • 14 Parking Spaces
  • On-Street Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Natural Gas

Community Details

  • 2 Buildings
  • 13 Units

Listing and Financial Details

  • Assessor Parcel Number 2358-022-006

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: No
  • Living Area: 7820
  • Lot Acreage: 0.3480
  • Probate: No
  • Stories: 2
  • Year Built: 1954
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 13
  • Total Bathrooms: 13.00
  • Price Per S Q F T: 382.99

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Above Street Level
  • Total Parking: 14

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Natural Gas

Lot Info

  • Assessed Improvement Percent: 60.40
  • Assessed Improvement Value: 628719
  • Assessed Land Percent: 39.6
  • Assessed Land Value: 412217
  • Total Assessed Value: 1040936
  • Assessor Parcel Number: 2358-022-006
  • Lot Size Area: 15160

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 12.99
  • Number Of Units: 13
  • Type Of Units: 1 Bedrooms

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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
06/07/2024 06/07/24 Sold $2,700,000 -9.8% $345 / Sq Ft
05/13/2024 05/13/24 Pending -- -- --
03/18/2024 03/18/24 Price Changed $2,995,000 -7.8% $383 / Sq Ft
02/29/2024 02/29/24 For Sale $3,250,000 -- $416 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Michael Monempour

    Seller's Agent in 2024

    Michael Monempour

    Lyon Stahl Investment Real Estate, Inc.

    (310) 270-8423

    5 in this area

    50 Total Sales

    Michael Monempour
    Section Image
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Source: The MLS

MLS Number: 24-363627

The MLS
California Los Angeles County Los Angeles

91423

Not Listed for Sale

MultiFamily

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