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The Dickens Residences 14524-14530 Dickens St 6 Unit Apartment Building $2,735,245 CAD ($455,874 CAD/Unit) 5.94% Cap Rate Sherman Oaks, CA 91403
Investment Highlights
- Prime, South of Ventura Boulevard Sherman Oaks Location
- Well Maintained Building with Vintage Charm, Featuring Residences with Real Hardwood Floors
- Residences are Separately Metered For Gas & Electricity, and Each Have Individual Water Heaters
- 5 of the 6 Residences Could Be Delivered Vacant & Fully Furnished
- Steps to Ventura Boulevard & Van Nuys Boulevard Shops, Restaurants & Super Markets
- Potential to Add ADU
Executive Summary
This is a unique opportunity to own a six unit prime Sherman Oaks
apartment building that could be delivered with five fully furnished, vacant
residences. This unique vacancy profile allows a new owner to
immediately set market rents and maximize cash flow on day one, without
the need to do any improvements. Ideally located on beautiful Dickens
Street, south of Ventura Blvd and just west of Van Nuys Blvd, the subject
property is mere steps to premier shops, restaurants, entertainment, and
grocery stores.
Its prime, West Sherman Oaks location also offers strategic
access to both the 101 and 405 freeways, providing seamless connectivity
to the Westside, Beverly Hills, Studio City, and beyond. 5 of the 6 subject
property’s residences are in tastefully furnished, rent ready condition,
exude charm & feature real hardwood floors, allowing the investor unique
ability to set rents & control occupancy.
14526 Dickens Street presents a
compelling opportunity to acquire an extremely well-located asset in the
San Fernando Valley’s most sought-after location.
apartment building that could be delivered with five fully furnished, vacant
residences. This unique vacancy profile allows a new owner to
immediately set market rents and maximize cash flow on day one, without
the need to do any improvements. Ideally located on beautiful Dickens
Street, south of Ventura Blvd and just west of Van Nuys Blvd, the subject
property is mere steps to premier shops, restaurants, entertainment, and
grocery stores.
Its prime, West Sherman Oaks location also offers strategic
access to both the 101 and 405 freeways, providing seamless connectivity
to the Westside, Beverly Hills, Studio City, and beyond. 5 of the 6 subject
property’s residences are in tastefully furnished, rent ready condition,
exude charm & feature real hardwood floors, allowing the investor unique
ability to set rents & control occupancy.
14526 Dickens Street presents a
compelling opportunity to acquire an extremely well-located asset in the
San Fernando Valley’s most sought-after location.
Property Facts
| Price | $2,735,245 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $455,874 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 5.94% | Building Size | 3,870 SF |
| Gross Rent Multiplier | 10.33 | No. Stories | 2 |
| No. Units | 6 | Year Built | 1941 |
| Property Type | Multifamily | Parking Ratio | 1.55/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LARD1.5 - Restricted Density Multiple Dwelling | ||
| Price | $2,735,245 CAD |
| Price Per Unit | $455,874 CAD |
| Sale Type | Investment |
| Cap Rate | 5.94% |
| Gross Rent Multiplier | 10.33 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 3,870 SF |
| No. Stories | 2 |
| Year Built | 1941 |
| Parking Ratio | 1.55/1,000 SF |
| Zoning | LARD1.5 - Restricted Density Multiple Dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Sprinkler System
- Range
- Tub/Shower
- Smoke Free
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $3,679 CAD | - |
1 1
Walk Score®
Very Walkable (84)
Property Taxes
| Parcel Number | 2276-014-005 | Improvements Assessment | $262,708 CAD |
| Land Assessment | $167,790 CAD | Total Assessment | $430,498 CAD |
Property Taxes
Parcel Number
2276-014-005
Land Assessment
$167,790 CAD
Improvements Assessment
$262,708 CAD
Total Assessment
$430,498 CAD
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The Dickens Residences | 14524-14530 Dickens St
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