REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$2,950,000

Est. payment - /mo

0.29 Acres Lot

Save

UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID PV25148646

Construction Status Turnkey

HOA Y/N No

Year Built 1964

Lot Size 0.288 Acres

Property Sub-Type Apartment

Property Description

Unlock the potential of a truly exceptional investment in the heart of Sherman Oaks. This 10-unit apartment complex is ideally positioned just steps from the bustling retail and dining corridor of Magnolia Boulevard, one of the most dynamic and desirable destinations in the San Fernando Valley. This location offers immediate access to everything today's renters desire—walkable amenities, top-rated schools, trendy cafes, fitness studios, and convenient freeway access via the 101 and 405. It's a location that commands attention and attracts high-quality, long-term tenants.
The property itself is a rare find: spacious, townhouse-style units that provide residents with the comfort and feel of a home rather than a typical apartment. These desirable layouts, coupled with features like central air and heat, hardwood floors, fireplaces, private patios, and on-site gated parking, set this asset apart from others in the market. The building has already undergone key capital improvements including a brand-new roof and completed soft-story seismic retrofitting, positioning it for long-term stability and low maintenance.
This is a true hidden gem—gated, private, and exclusive—nestled within one of the most in-demand rental pockets in Sherman Oaks. Known for its low vacancy rates and strong tenant demand, this area is a magnet for professionals and families seeking lifestyle, convenience, and comfort.
From an investment standpoint, the numbers speak for themselves: with a 43.67% potential upside in rents, this property is a prime reposition opportunity in a market where rent growth continues to climb. With limited new rental inventory in the area and increasing demand for larger, well-located units, this property stands to significantly increase cash flow post-renovation or strategic upgrades.
Whether you're looking to add a trophy asset to your portfolio or secure a high-performing investment in a blue-chip neighborhood, this Sherman Oaks multifamily offering checks all the boxes.
Opportunities like this rarely come to market. Contact us today to schedule a private tour and explore how this incredible asset can elevate your portfolio.

Location

State CA

County Los Angeles

Area So - Sherman Oaks

Zoning LAR3

Interior

Heating Wall Furnace

Cooling Central Air, Gas

Flooring Laminate, Vinyl

Fireplaces Type Family Room

Fireplace Yes

Appliance Dishwasher, Gas Cooktop, Disposal, Gas Oven, Gas Range, Refrigerator

Laundry Common Area

Exterior

Parking Features Assigned, Asphalt, Covered, Gated, On Site, Off Street, Paved, Private

Garage Spaces 6.0

Garage Description 6.0

Fence Chain Link, Wood, Wrought Iron

Pool None

Community Features Biking, Curbs, Sidewalks, Valley, Gated

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

Roof Type Asphalt

Accessibility None

Total Parking Spaces 6

Private Pool No

Building

Lot Description 0-1 Unit/Acre, Sprinklers In Front

Story 2

Foundation Concrete Perimeter, Slab, Tie Down

Sewer Public Sewer

Water Public

Architectural Style Contemporary

New Construction No

Construction Status Turnkey

Others

Senior Community No

Tax ID 2249022020

Security Features Carbon Monoxide Detector(s),Gated Community,Smoke Detector(s)

Acceptable Financing Cash, Cash to New Loan, Conventional, Contract, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, Contract, 1031 Exchange

Special Listing Condition Standard

Read Less Info

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Frank Ponce Coldwell Banker Realty 310-503-4158, DRE #00861049

NEARBY SCHOOL & BUSINESS

MORTGAGE CALCULATOR

Use our home loan calculator to estimate your total mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment, and details about the home loan, to calculate your mortgage payment, schedule, and more.

Payment

Schedule

Your mortgage payments over 30 years will add up to $0.

Get more info from a local expert!

Serving Southern California

Customized quick search tools to explore nearby zip codes, cities, and neighborhoods in your favorite destinations

There are 30 quick searches

Serving Arizona

Custom Quick Search Tools To Explore Nearby Zip Codes, Cities & Neighborhoods In Your Preferred Destinations

5236 Kester AVE #6 Sherman Oaks, CA 91411