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13444 Moorpark
Sherman Oaks, CA 91423 Sherman Oaks

$4,999,000 USD

Apartments For Sale  •  13,682 SF

Property Details

  • Property Type Apartments
  • Total Building Size 13,682 SF
  • Lot Size 0.27 AC
  • Building Class C
  • Year Built 1986
  • Zoning R3-1, Los Angeles
43 Transit Score
88 Walk Score

Highlights

13444 Moorpark is a 16-Unit value add opportunity located in prime Sherman Oaks. IN-PLACE 5.71% CAP RATE WITH ONE VACANT UNIT!
The property is not subject to Los Angeles RSO and fall under the guidelines of AB-1482 allowing for larger rent increases each year.
The property has been under the same ownership for the past 20 years and non-rent control assets of this size and location do not trade frequently.
Ideally situated steps from the vibrant heart of Sherman Oaks. Residents can enjoy a lively mix of dining, shopping, and entertainment options.
By implementing an extensive interior and exterior renovation plan, a subsequent buyer can capture significant loss-to-lease on rents.
Property features rent driving physical plant with semi subterranean gated parking, in-unit fireplaces, gated access, and spacious floorplan.

Amenities

  • 24 Hour Access
  • Balcony
  • Courtyard
  • Laundry Facilities
  • Microwave
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower

Public Transportation

Commuter RailDriveWalkDistance
Van Nuys (Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 10 min - 5.8 mi
Burbank-Bob Hope Airport (Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 14 min - 7.7 mi
AirportDriveWalkDistance
Bob Hope 13 min - 7.3 mi
Los Angeles International 28 min - 20.0 mi
Long Beach (Daugherty Field) 47 min - 37.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 16
Type: Covered
Included in Rent: Yes
Mike Hanassab 424-334-7011 Northmarq
Mike Hanassab 424-334-7011 Northmarq