14007 Moorpark St, Sherman Oaks, CA 91423

14007 Moorpark St, Sherman Oaks, CA 91423

Sherman Oaks, CA
$1,850,000

Property Description

The Offering is a rare and attractive value-add investment property located in Prime Sherman Oaks Adjacent to Studio City, Valley Village, and Van Nuys. The property is situated in one of the trendiest neighborhoods in the San Fernando Valley, located just off of Ventura Blvd. Tenants are within close walking distance to the Westfield Fashion Square where there is an abundance of plethora of fine dining, shopping, and entertainment options. This is a brilliant opportunity for a savvy investor to acquire an ultra-prime Valley Location with significant value-add potential. There is an excellent unit mix consisting of Four 1 Bedroom / 1 Bathroom Units and Three 2 Bedroom / 2 Bathroom Units which is very desirable for today’s rental market. The property sits on a large 10,155 SF Lot and has ample Covered & Uncovered Parking Spaces. All units are separately metered for Gas and Electric. The soft-story retrofit was completed in 2021; buyer to verify. This Valuable Asset is available for Sale for the first time in 20+ Years!

Property Features

  • Sale Price: $1,850,000
  • Area Size: 10,155 sq ft lot
  • Year Built: 1956
  • Listing Date: 05-13-2024
  • Units: 7
  • Current GRM: 13.54
  • Current Cap Rate: 4.16