15461 Moorpark St Sherman Oaks, CA 91403
Pending
$2,500,000
7%
12 Units
10 Beds
12 Baths
8,447 Area(sq.ft.)
11,259 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 10 | 1 | 1 | No | $ 1,625 | $ 16,250 | $ 21,950 |
| Unit 2 | 2 | studio | 1 | No | $ 1,121 | $ 2,243 | $ 3,590 |
| 2 | 12 | 10 | 12 | $ 18,492 | $ 166,986 | $ 226,680 |
| MLS #: | 25502365 |
| Days On Market: | 25 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 296 |
| Price per unit: | $ 208,333 |
| Year Built: | 1957 |
Property Details
* Also being offered with 15445 Moorpark St (8 Units across the Street)- Can Sold Together or Seperate - The Offering is an attractive value-add investment property located in Prime Sherman Oaks, adjacent to Encino, Tarzana and Studio City. The property is situated in one of the trendiest neighborhoods in the San Fernando Valley, located just North of Ventura Boulevard and West of the 405 Freeway. Tenants are within close walking distance to Ventura Boulevard where there is a plethora of fine dining, shopping, and entertainment options. This is a fantastic opportunity for a savvy investor to acquire an ultra-prime Valley Location with significant value-add potential. One unit will be delivered at the close of escrow!* There is an excellent unit mix consisting of Ten (10) - 1 Bedroom / 1 Bathroom & Two (2) - Studio Units which are very desirable for today's rental market. All units are separately metered for Gas and Electric. The soft-story retrofit was completed in 2019; buyer to verify. These Valuable Assets are available for Sale for the first time in 20+ Years!Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Vacancy Rate: | 8% |
| Gross Operating Income: | $ 224,985 |
| Total Annual Expense: | $ 81,367 |
| Net Operating Income: | $ 143,706 |
| Gross Annual Income: | $ 231,943 |
| Cap Rate: | 5.75% |
| Gross Rent Multiplier: | 10.78 |
Structure
| Type of Units: | 1B & Studios |
| Buildings: | 1 |
| Levels: | Two |
Land & Parking
| Zoning: | LAR3 |
| Parking Garage: | Above Street Level, Carport Attached |
| Total Parking: | 12 |
Interior
| AC/Cooling: | None |
| Equipment: | None |
| Heating: | None |
Exterior
Detailed Map
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