4573 Willis Ave Sherman Oaks, CA 91403
Active
$7,900,000
22 Units
43 Beds
41 Baths
26,883 Area(sq.ft.)
17,556 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 4 | 1 | 1 | No | $ 1,772 | $ 7,088 | $ 2,195 |
| Unit 2 | 15 | 2 | 2 | No | $ 2,112 | $ 31,684 | $ 2,695 |
| Unit 3 | 3 | 3 | 2 | No | $ 2,483 | $ 7,450 | $ 3,095 |
| 3 | 22 | 43 | 40 | $ 46,217 | $ 525,962 | $ 58,490 |
| MLS #: | 25513077 |
| Days On Market: | 8 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 294 |
| Price per unit: | $ 359,091 |
| Year Built: | 1964 |
Property Details
4573 Willis Ave. features spacious floor plans and a mix of 4 One Bedroom + One Bath Units, 15 Two Bedroom + Two Bath Units, and 3 Three Bedroom + Two Bath Units. Tenant amenities include central air, dishwashers, pool, elevator, controlled access, gated parking. Moreover, with easy access to major freeways like the 101 and I-405, commuting throughout Los Angeles is a breeze, making it an ideal choice for professionals and families alike. The combination of its prime location and well-appointed units makes 4573 Willis Avenue a truly outstanding place to call home, offering a rare opportunity for comfortable, high-quality living in one of LA's most desirable neighborhoods. This is a rare opportunity for an investor to purchase a great multifamily property in a terrific Sherman Oaks neighborhood.Interested in this Listing?
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Income Details
| Vacancy Rate: | 16% |
| Gross Operating Income: | $ 563,027 |
| Total Annual Expense: | $ 246,912 |
| Net Operating Income: | $ 316,116 |
| Gross Annual Income: | $ 554,671 |
| Cap Rate: | 4% |
| Gross Rent Multiplier: | 13.63 |
Structure
| Type of Units: | Apartments |
| Buildings: | 1 |
| Levels: | Three Or More |
Land & Parking
| Zoning: | LAR3 |
| Parking Garage: | Controlled Entrance, Gated |
| Total Parking: | 22 |
Interior
| AC/Cooling: | Central |
| Equipment: | Dishwasher, Elevator, Refrigerator, Range/Oven |
| Heating: | Central |
Exterior
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