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10u Prime Sherman Oaks | Walk to Ventura Blvd 13558 Moorpark St 10 Unit Apartment Building $4,994,640 CAD ($499,464 CAD/Unit) Sherman Oaks, CA 91423
INVESTMENT HIGHLIGHTS
- OPEN HOUSE: Thursday, February 5th | 11:00 AM - 2:00 PM
- Rare opportunity to buy in incredible Sherman Oaks location, walking distance to Ventura Boulevard, the main shopping and dining hub of the valley
- Value-add opportunity with in-place rents averaging $2,185 and market rents over $2,700
- Beautifully renovated, contemporary exterior and unit interiors with great curb appeal
- Minutes from Westfield Fashion Square, The Shops at Sportsmen’s Lodge, and Sherman Oaks Galleria
- Soft-story work completed in March 2019; SB-721 elevated element inspection completed May 2024 (no emergency work required)
EXECUTIVE SUMMARY
OPEN HOUSE: Thursday, February 5th | 11:00 AM - 2:00 PM
Property website with OM: https://properties.berkadia.com/13558-moorpark-apartments-489058/
We are excited to exclusively offer for sale, 13558 Moorpark Street, a 10-unit apartment community in a prime Sherman Oaks location, walking distance to Ventura Boulevard. The courtyard-style community features a beautifully renovated, contemporary exterior and renovated one-, two-, and three-bedroom apartments (7 out of 10). Units are bright with oversized windows, wood-style plank flooring, kitchens with quartz counters and stainless-steel appliances and a separate dining area. The community has on-site laundry, 11 gated side-by-side parking spaces and a quiet interior courtyard. Built in 1963, the property offers rental upside: 4.8% current cap; 6.4% market cap. The SB-721 elevated element inspection was completed May 2024 (no emergency work required).
The incredible Sherman Oaks location is walking distance to Ventura Boulevard, the main shopping and dining hub of the valley, as well as Dixie Canyon Community Charter School (A- on Niche.com). The property is also minutes from Westfield Fashion Square, The Shops at Sportsmen’s Lodge, and Sherman Oaks Galleria. Strong area demographics include: Average household income of over $192.1k and Average home value of over $1.82M (one-mile radius).
Property website with OM: https://properties.berkadia.com/13558-moorpark-apartments-489058/
We are excited to exclusively offer for sale, 13558 Moorpark Street, a 10-unit apartment community in a prime Sherman Oaks location, walking distance to Ventura Boulevard. The courtyard-style community features a beautifully renovated, contemporary exterior and renovated one-, two-, and three-bedroom apartments (7 out of 10). Units are bright with oversized windows, wood-style plank flooring, kitchens with quartz counters and stainless-steel appliances and a separate dining area. The community has on-site laundry, 11 gated side-by-side parking spaces and a quiet interior courtyard. Built in 1963, the property offers rental upside: 4.8% current cap; 6.4% market cap. The SB-721 elevated element inspection was completed May 2024 (no emergency work required).
The incredible Sherman Oaks location is walking distance to Ventura Boulevard, the main shopping and dining hub of the valley, as well as Dixie Canyon Community Charter School (A- on Niche.com). The property is also minutes from Westfield Fashion Square, The Shops at Sportsmen’s Lodge, and Sherman Oaks Galleria. Strong area demographics include: Average household income of over $192.1k and Average home value of over $1.82M (one-mile radius).
PROPERTY FACTS
| Price | $4,994,640 CAD | Building Class | C |
| Price Per Unit | $499,464 CAD | Lot Size | 0.19 AC |
| Sale Type | Investment | Building Size | 8,148 SF |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment | Parking Ratio | 1.22/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R3-1, Los Angeles | ||
| Price | $4,994,640 CAD |
| Price Per Unit | $499,464 CAD |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 8,148 SF |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1.22/1,000 SF |
| Zoning | R3-1, Los Angeles |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1.5 | 2 | - | - |
| 3+2 | 4 | - | - |
1 1
Walk Score®
Very Walkable (89)
PROPERTY TAXES
| Parcel Number | 2360-007-001 | Improvements Assessment | $1,500,697 CAD |
| Land Assessment | $2,000,932 CAD | Total Assessment | $3,501,628 CAD |
PROPERTY TAXES
Parcel Number
2360-007-001
Land Assessment
$2,000,932 CAD
Improvements Assessment
$1,500,697 CAD
Total Assessment
$3,501,628 CAD
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10u Prime Sherman Oaks | Walk to Ventura Blvd | 13558 Moorpark St
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