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    4742 Sepulveda Blvd

    Sherman Oaks, CA 91403
    • $11,025,000
    • STATUS: Active
    • ON SITE: 4 days
    • MLS #: 21-695318
    New On Site 4 Days Ago
    UPDATED: 36 min ago
    $11,025,000
    • 36
      BEDS
    • 0.35
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 26,450
      SQFT
    • $417
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2014
    County:
    Area:

    School Ratings & Info

    Description

    4742 Sepulveda Boulevard, a 21-unit turnkey property located across the street from the Sherman Oaks Galleria. Constructed in 2014, this well-maintained trophy asset offers ease of management with 100% rent collection throughout COVID and a 4% cash on cash return starting on day one. Situated just north of Ventura Boulevard, the subject property is located within walking distance to numerous offices, crowd-favorite restaurants and shopping centers. The 26,450 SF four-story building sits on a 15,276 SF lot, and is comprised of (18) two-bedroom units and (3) studios. The two-bedroom units average approx. 1,200 SF and studio units average approx. 620 SF. Each condo-quality unit features wood/tile flooring, stainless steel appliances, granite countertops, washer/dryer and balcony (only for two-bedrooms). Property amenities include secured entry, elevator, several well-maintained community courtyards, spacious rooftop deck with panoramic views of the San Fernando Valley and approx. 36 parking spots in a gated subterranean garage. With strong in-place tenant profiles and a Class-A location in the heart of the San Fernando Valley, 4742 Sepulveda Boulevard presents the perfect long-term opportunity for any type of investor.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-02-24T12:42:43.167. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.jelmbergteam.com/homes/114367768
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    4742 Sepulveda Blvd Sherman Oaks, CA 91403

    • Price: $11,025,000
    • Status: Active
    • Updated: 36 min ago
    • MLS #: 21-695318
    36
    Beds
    0
    Baths
    0
    ½ Baths
    0.35
    Acres
    26,450
    SQFT
    $417
    $/SQFT
    2014
    Built
    Neighborhood:
    Sherman Oaks
    County:
    Los Angeles
    Area:
    Sherman Oaks
    Property Description
    4742 Sepulveda Boulevard, a 21-unit turnkey property located across the street from the Sherman Oaks Galleria. Constructed in 2014, this well-maintained trophy asset offers ease of management with 100% rent collection throughout COVID and a 4% cash on cash return starting on day one. Situated just north of Ventura Boulevard, the subject property is located within walking distance to numerous offices, crowd-favorite restaurants and shopping centers. The 26,450 SF four-story building sits on a 15,276 SF lot, and is comprised of (18) two-bedroom units and (3) studios. The two-bedroom units average approx. 1,200 SF and studio units average approx. 620 SF. Each condo-quality unit features wood/tile flooring, stainless steel appliances, granite countertops, washer/dryer and balcony (only for two-bedrooms). Property amenities include secured entry, elevator, several well-maintained community courtyards, spacious rooftop deck with panoramic views of the San Fernando Valley and approx. 36 parking spots in a gated subterranean garage. With strong in-place tenant profiles and a Class-A location in the heart of the San Fernando Valley, 4742 Sepulveda Boulevard presents the perfect long-term opportunity for any type of investor.
    Exterior Features

    Covered Parking 36 Cross Streets Camarillo Street And Sepulveda Boulevard Lot Size Area 15176 Other Structures None Parking Garage SubterraneanGated Total Parking 36

    Interior Features

    Baths Total 39.00 Common Walls Attached Cooling Central Equipment Built-InsDishwasherDryerWasherMicrowaveFreezerRefrigeratorRange/Oven Flooring WoodTile Heating Central Laundry In Unit

    Property Features

    Assessed Total Value 7204452 Gross Income 638916 Gross Operating Income 622943 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 2 Like Units5 2 Like Units6 1 Net Operating Income 398236.00 Number Of Buildings 1 Number Of Units 21 Sale Type Standard Security Features Card/Code Access Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 224707 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Lar3

    Listing provided courtesy of Max Berger DRE# of Compass.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-02-24T12:42:43.167. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Palm Desert CA, 92211