$2,600,000
$3,599,000
27.8%For more information regarding the value of a property, please contact us for a free consultation.
18 Beds
12 Baths
11,052 SqFt
SOLD DATE : 05/03/2023
Key Details
Sold Price $2,600,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 11,052 sqft
Price per Sqft $235
MLS Listing ID 23236545
Sold Date 05/03/23
Bedrooms 18
HOA Y/N No
Year Built 1957
Lot Size 0.254 Acres
Property Description
12 Units on 2 Parcels in Prime Sherman Oaks. Trophy location off Riverside Dr and Coldwater Canyon near the Whole Foods. This is an extremely rare opportunity to purchase a prized property owned by the same family for 20 years. A HUGE amount of money was invested into these buildings in the past few years. Two 6 unit buildings with very spacious six 1Br+1Ba apartments and six 2Br+2Ba apartments. The apartments on the 2nd floor have beautiful vaulted ceilings. One 1Br+1Ba unit is currently vacant. A total of 5 units have been remodeled with very high quality fixtures, finishes, custom tile. 12 open parking spaces in the rear, soft story retrofitting is completed, new roof on one building, and extensive electrical upgrades done on both buildings: new meters, main panels and sub panels. This is an excellent location in a very residential neighborhood with an extremely high barrier to entry. Close to Studio City, the new Shops at the Sportsman's Lodge (Equinox, Erewhon, Sugarfish, etc), Westfield Fashion Square Mall, Ventura Blvd, and so much more. This is an ideal addition to the discerning investor's portfolio.
Location
State CA
County Los Angeles
Area So - Sherman Oaks
Zoning LARD1.5
Interior
Interior Features Ceiling Fan(s)
Fireplace No
Appliance Dishwasher, Washer
Laundry Laundry Room
Exterior
Garage Assigned, Uncovered
Pool None
View Y/N No
View None
Roof Type Composition,Shingle
Accessibility None
Porch None
Parking Type Assigned, Uncovered
Total Parking Spaces 12
Private Pool No
Building
Faces West
Story 2
Sewer Sewer Tap Paid
Architectural Style Mid-Century Modern
New Construction No
Schools
School District Los Angeles Unified
Others
Senior Community No
Tax ID 2358021012
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Dana Coronado • Equity Union
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "