4421 Murietta Ave Sherman Oaks, CA 91423
Active
$6,995,000
24 Units
40 Beds
24 Baths
19,660 Area(sq.ft.)
24,752 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 16 | 2 | 1 | No | $ 2,010 | $ 32,162 | $ 41,520 |
| Unit 2 | 8 | 1 | 1 | No | $ 1,713 | $ 13,707 | $ 17,560 |
| 2 | 24 | 40 | 24 | $ 45,864 | $ 624,248 | $ 804,800 |
| MLS #: | 24-462691 |
| Days On Market: | 8 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 356 |
| Price per unit: | $ 291,458 |
| Year Built: | 1955 |
Property Details
4421-4427 Murietta Avenue, commonly known as the Santorini Villas, is a prestigious opportunity to acquire a quintessential value-add property situated in one of the best rental locations in prime Sherman Oaks. The beautiful open courtyard property boasts an ideal unit mix consisting of all large 1 and 2-bedroom units. Each of the units is spacious, has a terrific floor plan, and offers an abundance of natural light. Built in 1955, the property is an ideal mid-century gem ideally positioned just steps from vibrant Ventura Blvd. The Santorini Villas feature a unit mix of (16) 2-bedroom, 1-bathroom units and (8) 1-bedroom, 1-bathroom units. Interiors have hardwood floors (select units), spacious kitchens/bedrooms/bathrooms, and are separately metered for gas and electricity. Other property features include a well landscaped courtyard, a large sparkling pool, copper plumbing, an intercom entrance, a pitched roof, and ample on-site parking which is exempt from soft story retrofit (Buyer to verify). Close to some of the Valley's best dining and nightlife, this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a premier turnkey asset in one of the best rental locations in all of Los Angeles.Interested in this Listing?
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Income Details
| Rent Control: | Yes |
| Vacancy Rate: | 2% |
| Gross Operating Income: | $ 574,497 |
| Total Annual Expense: | $ 228,103 |
| Net Operating Income: | $ 329,881 |
| Gross Annual Income: | $ 550,424 |
| Gross Rent Multiplier: | 12.18 |
Structure
| Type of Units: | 2s,1s |
| Buildings: | 2 |
| Levels: | Two |
Land & Parking
| Zoning: | LAR3 |
| Parking Garage: | Assigned |
| Total Parking: | 24 |
Interior
| AC/Cooling: | Window Unit(s) |
| Equipment: | None |
| Heating: | Wall |
Exterior
Detailed Map
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