Price Reduction - Views
Address
4742 Sepulveda Boulevard Sherman Oaks, CA
Price
$ 10,600,000
Property Attributes
  • MLS#21695318
  • TypeIncome
  • CountyLOS ANGELES
  • CitySherman Oaks
  • AreaSherman Oaks
  • Zip91403
  • Style
  • Price$ 10,600,000
  • Bedrooms21
  • Full Bathrooms21
  • Half Bathrooms0
  • Lot Size0.35 Acres
Listing Provided Courtesy Of:
Max Berger with Compass.
Data Source:
CRMLS
Property Description

4742 Sepulveda Boulevard, a 19-unit turnkey property that can be delivered with two ADU's ready to rent. Constructed in 2014, this well-maintained trophy asset offers ease of management with 100% rent collection throughout COVID and a 4% cash on cash return starting on day one. Situated just north of Ventura Boulevard, the subject property is located near numerous offices, crowd-favorite restaurants and shopping centers. The 26,450 SF four-story building sits on a 15,276 SF lot, and is comprised of (18) two-bedroom units and (3) studios. The two-bedroom units average approx. 1,200 SF and studio units average approx. 620 SF. Each condo-quality unit features wood/tile flooring, stainless steel appliances, granite countertops, washer/dryer and balcony (only for two-bedrooms). Property amenities include secured entry, elevator, several well-maintained community courtyards, spacious rooftop deck with panoramic views of the San Fernando Valley and approx. 36 parking spots in a gated subterranean garage. With strong in-place tenant profiles and a Class-A location in the heart of the San Fernando Valley, 4742 Sepulveda Boulevard presents the perfect long-term opportunity for any type of investor. Property is subject to LA Rent Stabilization Ordinance.

Price History
2/19/2021 Listed $11,025,000
4/26/2021 4% - $10,600,000

General Features

Appliances Dishwasher, Microwave, Refrigerator
Cooling Central Air
Flooring Tile, Wood
Heating Central
Listing Agent Max Berger - BRE#02054048
Listing Agent State License 02054048
MLS Area SO - Sherman Oaks
Parking Features Underground, Gated
Property Type Residential Income
Security Features Key Card Entry
Total Units 21
Zoning LAR3

Interior Features

Air Conditioning Y/N Yes
Heating Y/N Yes

Exterior Features

Lot Size Acres 0.34
Lot Size Area 15176
Lot Size Square Feet 15176
Lot Size Units Square Feet
Number of Buildings 1

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 91403

Price
AVG $5.22M
$10.6M
Visits
AVG 42
248
Year Built
AVG 1973
2014
Walkscore
AVG 69
78
Data Provided by Walkscore ® not using MLS data

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