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13520 Rye St
Sherman Oaks, CA 91423
Multifamily Property For Sale
·
6 Units
Investment Highlights
- Centralized location - near Ventura Blvd.
- Minutes away from Westfield Fashion Square
- Units feature great open floorplan
- Rare opportunity in ideal neighborhood
Executive Summary
The Rye Apartments is located in Sherman Oaks, one of the most sought-after cities in Los Angeles County. The building is just minutes away from the stores and eateries located at the Westfield Fashion Square. It is also ideally situated near major freeways, making it a quick drive to neighboring cities like Encino, Studio City and Burbank. The apartment complex has 6 units in total and consists of one 3 bedroom 2 bathroom unit and five 1 bedroom 1 bathroom units. There have been various upgrades made throughout some of the units. The unit floor plans are open and spacious, making optimal use of the square footage. Not only does this building have major upside potential, but its location makes it a premier asset for investors in today’s market.
Property Facts
| Price Per Unit | $454,604 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 4.70% | Building Size | 4,998 SF |
| Gross Rent Multiplier | 14.15 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1956 |
| Property Subtype | Apartment | Parking Ratio | 1.2/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R3, Sherman Oaks - restricted Density Multiple Dwelling | ||
| Price Per Unit | $454,604 CAD |
| Sale Type | Investment |
| Cap Rate | 4.70% |
| Gross Rent Multiplier | 14.15 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 4,998 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1956 |
| Parking Ratio | 1.2/1,000 SF |
| Zoning | R3, Sherman Oaks - restricted Density Multiple Dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | $2,186 CAD | 500 - 1,000 |
| 3+2 | 1 | $4,095 CAD | 500 - 1,000 |
Property Taxes
| Parcel Number | 2360-014-009 | Improvements Assessment | $643,907 CAD |
| Land Assessment | $1,769,385 CAD | Total Assessment | $2,413,291 CAD |
Property Taxes
Parcel Number
2360-014-009
Land Assessment
$1,769,385 CAD
Improvements Assessment
$643,907 CAD
Total Assessment
$2,413,291 CAD
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