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Rene Ramirez

findmycastle@castrarealty.com +1(951) 384-0656

$1,895,000

Est. payment - /mo

11 Beds

11 Baths

6,183 SqFt

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 6,183 sqft

Price per Sqft $306

MLS Listing ID 26108069

Bedrooms 11

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1964

Lot Size 6,168 Sqft

Property Description

13504 Moorpark Street presents a rare opportunity to acquire a well maintained six-unit multifamily property in prime Sherman Oaks. Offered for the first time in nearly 40 years, the property is priced at $1,895,000, representing a 5.31% cap rate and a 11.05 GRM, with approximately 28% upside in rental income. Built in 1964, the 6,183-square-foot property features an attractive unit mix consisting of five spacious two-bedroom, one-and-a-half-bathroom townhomes and one one-bedroom, one-bathroom flat. The units offer desirable residential amenities, including large private patios and fireplaces. Four of the six units have RUBS in place, allowing for the recovery of certain capital expenditures and utility expenses. New owner can potentially add RUBS for the new windows/exterior work recently completed. The property has benefited from significant capital improvements, including anew roof, new electrical panels and subpanels, new windows throughout, updated copper plumbing throughout most of the building, and a soft-story seismic retrofit completed in 2019.

Location

State CA

County Los Angeles

Area So - Sherman Oaks

Zoning LAR3

Interior

Interior Features Brick Walls

Cooling Central Air

Fireplaces Type Living Room

Fireplace Yes

Exterior

Parking Features Covered, Door-Multi, Garage, Private, One Space, On Street, Uncovered

Pool None

Total Parking Spaces 6

Private Pool No

Building

Lot Description Rectangular Lot

Story 2

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 2360008005

Special Listing Condition Standard

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Listed by Tony Sameyah Lyon Stahl Investment Real Estate, Inc. #02015965

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Rene Ramirez

+1(951) 384-0656

Broker License ID: 02038829

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13504 Moorpark ST Sherman Oaks, CA 91423

Rene Ramirez

Key Details

Location

Interior

Exterior

Building

Others

MORTGAGE CALCULATOR

NEARBY SCHOOL & BUSINESS

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13504 Moorpark ST