Commercial For Sale | Multifamily | Apartment building / Low Rise / Garden Style / 1-3 stories high
15022 -15028 Dickens Street . Sherman Oaks , CA 91403
For sale 20 units Apartment building in Sherman Oaks, Ca.Number of Properties 2.For more information please contact the listing agent, Filip Niculete 818-212-2748 Filip.Niculete@marcusmillichap.com
Posted: 04/30/2020 2:36 pm
| On HOMEiZ: 1464 days |
Updated: 4 years ago
| Views: 890
Location Map
Property Type
Sold
Property Price
$5550000
$5550000
04/27/2020
0.50
Acres
$338
16442
Contact listing agent%
4.64%
$0
$257520
13.84
0.755%
$41903
Property Location & Description
For sale 20 units Apartment building in Sherman Oaks, Ca.Number of Properties 2.For more information please contact the listing agent, Filip Niculete 818-212-2748 Filip.Niculete@marcusmillichap.com
Rent Control
Built in 1953/1957, the offering sits on 21,780 square feet of land with 16,44 2 square feet of rentable area and consists of 11 one bed / one bath, 5 two bed / one bath, 2 two bed / two bath and 2 three bed / two bath units.
This ideally located Sherman Oaks property is priced to sell quickly at a 4.64% CAP rate and under a 14 GRM on current income. The property is very well maintained by the seller, and there is no requirement to do the seismic retrofitting work on this property.
This value add opportunity allows an investor to achieve future upside potential of about 36% without having to worry much about a lot of deferred maintenance on the property.
Prime location in Sherman Oaks, CA.Nearby schools include Sherman Oaks Elementary Charter School, St. Cyril of Jerusalem Elementary School and Ivy Bound Academy of Math, Science, And Technology Charter Middle. The closest grocery stores are Whole Foods, Gelson's Market and Eagle Market. Nearby coffee shops include Toast Cafe, Blu Jam Cafe and Starbucks. Nearby restaurants include Healthy Wok, Ramen Yamadaya and The Harvest Bar. 15022 Dickens St is near Van Nuys-Sherman Oaks War Memorial Park, American Jewish University and Delano Park & Recreation Center. This address can also be written as 15022 Dickens Street, Sherman Oaks, California 91403.
15022 Dickens St, Sherman Oaks, CA Multifamily 7,986 1953 N/A
15028 Dickens St, Sherman Oaks, CA Multifamily 8,456 1957
20
$277500
No.
Description
No. Units
Sq. Ft.
Avg. Mo. Rent
1.
1+1
11
2.
2+1
5
3.
2+2
2
4.
3+2
2
5.
100%
Wood & Stucco
2
1953/1957
Good
Property Information
Sewer
Sewer System (Public)
Parking
On-street
Assigned Parking
Investment Overview
Investor
Energy Efficiency
No
No Data
N/A
N/A
No
No
No
No
Neighborhood lifestyle
Urban Core
More information
Listing Presented by
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