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Investment Highlights

  • Perfect Owner/User or Investment Opportunity
  • Excellent Unit Mix of all Three Bedroom/Two Bath Units
  • Spacious Units, Approximately 1,500 SF Each
  • New Construction in Prime Sherman Oaks- Walking Distance to Ventura Blvd
  • In-Unit Washer & Dryer, Central AC & Heat, High Ceilings, Balcony
  • Gated & Covered Ground Level Parking with Elevator access to Units

Executive Summary

Perfect Owner/User or Investment Opportunity....New construction in prime Sherman Oaks, this boutique 4-unit apartment building offers a rare opportunity to acquire a 2024 built multifamily asset in one of the San Fernando Valley's most desirable rental markets. Ideally located within walking distance of Ventura Boulevard's restaurants, coffee shops, retail, and everyday conveniences, the property combines modern design, strong tenant appeal, and an exceptional walkable location.Each spacious residence features a three-bedroom, two-bath floor plan with high ceilings, an open-concept living area, and a well-appointed kitchen designed for today's renters. In-unit washer and dryer, central AC & Heat with Google Nest, generous room sizes, cozy balcony and contemporary finishes enhance comfort and convenience, while the efficient layouts create a bright, functional living environment. Each unit is approximately 1,500 SF. The building includes a security camera system and gated ground-level covered parking with elevator access to the residential units, providing a level of convenience and privacy rarely found in smaller multifamily properties. With newer construction, desirable unit mix, premium amenities, and a coveted Sherman Oaks location near Ventura Boulevard, this asset is well positioned for long-term ownership, strong rental demand, and lasting value. ***Property is currently vacant***

Financial Summary (Pro Forma - 2026)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $353,168 $58.94
Other Income - -
Vacancy Loss $10,595 $1.77
Effective Gross Income $342,573 $57.17
Taxes - -
Operating Expenses - -
Total Expenses $95,481 $15.93
Net Operating Income $247,091 $41.24

Financial Summary (Pro Forma - 2026)

Gross Rental Income (CAD)
Annual $353,168
Annual Per SF $58.94
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual $10,595
Annual Per SF $1.77
Effective Gross Income (CAD)
Annual $342,573
Annual Per SF $57.17
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $95,481
Annual Per SF $15.93
Net Operating Income (CAD)
Annual $247,091
Annual Per SF $41.24

Property Facts

Price $5,039,650 CAD
Price Per Unit $1,259,913 CAD
Sale Type Investment
Cap Rate 4.90%
Gross Rent Multiplier 14.27
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.12 AC
Building Size 5,992 SF
No. Stories 3
Year Built 2024
Zoning LAR3 - Residential

Amenities

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Microwave
  • Washer/Dryer
  • Heating
  • Refrigerator
  • Freezer

Site Amenities

  • 24 Hour Access

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+2 4 $7,358 CAD 1,500
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
2271-016-079
Land Assessment
$1,198,129 CAD (2025)
Improvements Assessment
$2,101,699 CAD (2025)
Total Assessment
$3,299,828 CAD (2025)
  • Listing ID: 41536238

  • Date on Market: 2026-08-03

  • Last Updated:

  • Address: 13846 Moorpark St, Sherman Oaks, CA 91423

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