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4421-4427 Murietta Ave
Sherman Oaks, CA 91423 Sherman Oaks

$6,995,000 USD

Apartments For Sale  •  20,138 SF

Property Details

  • Property Type Apartments
  • Total Building Size 19,660 SF
  • Lot Size 0.57 AC
  • Building Class C
  • Year Built 1955
  • Cap Rate 4.72 %
  • Zoning R3
50 Transit Score
85 Walk Score

Highlights

Premier Sherman Oaks location
Excellent unit mix (all large 1 and 2-bedroom units)
Significant rental upside (current rent/SQFT of $2.28)
Quintessential value-add investment opportunity
Sparkling pool and beautiful courtyard setting
Steps from high-end dining and entertainment venues

Financial Summary (Proforma)

Net Operating Income: $329,882 USD (2024)
Cap Rate: 4.72 %
Total Expenses: $228,103 USD

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Balcony
  • Courtyard
  • Dishwasher
  • Disposal
  • Laundry Facilities
  • Microwave
  • Picnic Area
  • Pool
  • Property Manager on Site
  • Storage Space
  • Gated
  • Heating
  • Grill
  • Gas Range
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Carpet
  • Freezer
  • Walk-Up

Public Transportation

Commuter RailDriveWalkDistance
Van Nuys (Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 10 min - 5.1 mi
Burbank-Bob Hope Airport (Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 14 min - 8.4 mi
AirportDriveWalkDistance
Bob Hope 14 min - 8.1 mi
Los Angeles International 27 min - 19.3 mi
Long Beach (Daugherty Field) 46 min - 36.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 18
Type: Covered
Included in Rent: Yes
Jonathan Taksa 310-968-5303 RE/MAX Commercial & Investment Realty
Jonathan Taksa 310-968-5303 RE/MAX Commercial & Investment Realty