Commercial For Sale | Multifamily | Apartment building / Low Rise / Garden Style / 1-3 stories high
14514 Benefit Street . Sherman Oaks , CA 91403
For sale 5-unit apartment building located at 14514 Benefit Street in Sherman Oaks, California. For more information contact the listing agent Jonathan Erster 818-212-2724 Jonathan.Erster@marcusmillichap.com
Posted: 03/20/2022 4:38 pm
| On HOMEiZ: 776 days |
Updated: 2 years ago
| Views: 427
Location Map
Property Type
Sold
Property Price
$1610000
$1610000
03/16/2022
0.16
Acres
$446
3608
2.0%
3.09%
$0
$49749
17.79
$0
1.25%
$20125
Property Location & Description
For sale 5-unit apartment building located at 14514 Benefit Street in Sherman Oaks, California. For more information contact the listing agent Jonathan Erster 818-212-2724 Jonathan.Erster@marcusmillichap.com
Rent Control
Built in 1951, this 3,608 sqft building sits on a 6,804 sqft lot (0.16 acres), and it boasts a strong unit mix of (1) studio, (3) 1 Bed units, and (1) 2 Bed / 1 Bath + Den unit. This great value-add opportunity has more than 50% upside potential in rents, and this is an ideal property to build at least one detached ADU. The best place to build this ADU would be over the carport that is at the back of the property, which will allow you to add a brand new construction unit to the property without getting rid of any parking for the tenants. Also, since there is no tuck-under parking at this property, there is no requirement for the buyer to do any mandatory seismic retrofitting.
Located property is South of both Ventura Blvd and Dickens St, making this one of the most desirable pockets in the San Fernando Valley.
5
$322000
No.
Description
No. Units
Sq. Ft.
Avg. Mo. Rent
1.
0+1
1
723
$1795
2.
1+1
3
723
$2250
3.
2+1
1
723
$2950
4.
5.
2276-015-004
RD1.5
100%
2
1951
Good
South of Ventura Blvd
Over 50% Upside in Rents
Prime Sherman Oaks Location
Perfect for a Detached ADU
South of Dickens Street
Property Information
Sewer
Sewer System (Public)
Parking
Off-street
On-street
Assigned Parking
1.2/1,000 SF
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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