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15050 Moorpark
Sherman Oaks, CA 91403 Sherman Oaks

$7,950,000 USD

Apartments For Sale  •  19,482 SF

Property Details

  • Property Type Apartments
  • Total Building Size 19,482 SF
  • Lot Size 0.41 AC
  • Building Class C
  • Year Built 1984
  • Zoning R4-1, Los Angeles
55 Transit Score
82 Walk Score

Highlights

15050 Moorpark St is a 25-Unit value add opportunity located in prime Sherman Oaks. (Contact Brokers for OM)
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

  • Air Conditioning
  • Balcony
  • Dishwasher
  • Spa
  • Heating
  • Kitchen
  • Range
  • Smoke Free

Public Transportation

Commuter RailDriveWalkDistance
Van Nuys (Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 10 min - 5.2 mi
Burbank-Bob Hope Airport (Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 16 min - 9.8 mi
AirportDriveWalkDistance
Bob Hope 16 min - 9.3 mi
Los Angeles International 25 min - 17.9 mi
Long Beach (Daugherty Field) 44 min - 35.3 mi

Parking Details

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