$1,560,000
$1,599,900
2.5%For more information regarding the value of a property, please contact us for a free consultation.
6,202 Sqft Lot
SOLD DATE : 11/17/2023
Key Details
Sold Price $1,560,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SR23177634
Sold Date 11/17/23
HOA Y/N No
Year Built 1956
Lot Size 6,202 Sqft
Property Description
We proudly introduce 13550 Rye St, Sherman oaks CA – A clean cut low maintenance investment property. This Apartment building has a great unit mix with 6 units comprised of (4) 2 Beds + 1 Baths & (2) 1 bed + 1 baths. Total building square feet are 4,186 sqft &, the lot size is 6,205 sqft. This property is cost effective with low monthly expenses with no gardener expenses necessary, separately metered for electricity and gas & overall low maintenance characteristics. The Laundry is owner owned and operated which makes roughly $160 per month for added income. The combined monthly income for the units is $8,733. The Sherman Oaks neighborhood is known for its high-end residential atmosphere with an affluent resident population, many entertainment options on Ventura Blvd, chic restaurants & lively night life. This building is close to high end shopping malls, entertainment centers, & the 101 & 405 freeways which make it a hot spot for renter desirability. Enjoy low vacancy rates & a long lasting income stream for generations.
Location
State CA
County Los Angeles
Area So - Sherman Oaks
Zoning LAR3
Interior
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Common Area
Exterior
Garage Concrete, Carport, Detached Carport
Carport Spaces 6
Pool None
Community Features Curbs, Sidewalks
Parking Type Concrete, Carport, Detached Carport
Total Parking Spaces 6
Private Pool No
Building
Lot Description Cul-De-Sac
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 2360004018
Energy Description 584.0
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Steve Nakachian • Pinnacle Estate Properties
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "