Compare Listings

4535 MURIETTA, Sherman Oaks, CA 91423

4535 MURIETTA , Sherman Oaks, CA 91423
$4,750,000

Description

We are pleased to present this beautifully remodeled 13-unit building located at 4535 Murietta Avenue, Sherman Oaks, California. Built in 1965 and renovated in 2018, the offering consists of 3- One bedroom / One bathroom units, 9- Two bedroom / Two bathroom units, and 1- Two bedroom / One bathroom unit. The Property has undergone significant renovations and upgrades within the past year and a half including 5 completely turned over units, 100% permitted and completed seismic retrofit work, repaint of the entire property, upgraded all exterior lighting, complete re-landscaping, upgraded roof, etc. This property, offered at a true 4.17% CAP rate, allows a rare opportunity for an investor to buy a turn-key property in an excellent Sherman Oaks location, that still allows for over 20% of rental upside over time. With the great income the property brings in, an investor would need an estimated 40% down payment ($1,900,000) in order to get a fully amortized loan.
MLS #:19440204

  • Address: 4535 MURIETTA
  • City: Sherman Oaks
  • Zip/Postal Code: 91423
  • Neighborhood: Los Angeles County
  • Country: United States

Detail

Updated on June 12, 2019 at 12:00 am

  • Property ID: 27910
  • Price: $4,750,000
  • Year Built: 1965
  • Property Status: For Sale

Additional details

  • Lot Size in Acres: 0.3119
  • Building Area Total: 12002.00
  • Number Of Units Total: 13
  • Laundry Features: See Remarks
  • Parking Features: Other

Schedule a Tour

Your information

PREVIOUS PROPERTY

16821 OAK VIEW, Encino, CA 91436

NEXT PROPERTY

17440 SATICOY #B, Van Nuys, CA 91406