4919 Coldwater Canyon Ave, Sherman Oaks, CA 91423

4919 Coldwater Canyon Ave, Sherman Oaks, CA 91423

Sherman Oaks, CA

Property Description

The offering is a rare and attractive value add investment property located in Prime Sherman Oaks Adjacent to Studio City. 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 New Sportsman Lodge 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 Twelve 1 Bedroom / 1 Bathroom Units and One Studio Unit which is, very desirable for today’s rental market. Two of the Units will be delivered Vacant at the close of escrow. The property sits on a large 15, 160 SF Lot and has 14 Uncovered Parking Spaces. All units are separately metered Gas and Electric. This Valuable Asset is available for Sale for the first time in+25 Years!


Property Features

  • Sale Price: $2,995,000
  • Area Size: .35 Acres
  • Year Built: 1954
  • Listing Date: 3/1/2024
  • Units: 13
  • Market GRM: 9.96
  • Market Cap Rate: 6.91%