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4189 Greenbush Ave 6 Unit Apartment Building Offered at $2,529,376 CAD at a 4.12% Cap Rate Sherman Oaks, CA 91423
Investment Highlights
- Two separate buildings on a single oversized parcel, including a 3-unit structure built in 1925 and a second 3-unit structure built in 1984
- Strong underlying real estate fundamentals supported by median single-family home values exceeding $1.5 million in Sherman Oaks
- Exceptional local demographics with an average household income of approximately $139,256 within one mile of the property
- Located within walking distance to Ventura Boulevard’s most popular dining and lifestyle amenities incl. Homestate, Petit Trois, Sushi Note, Mistral
- Excellent regional connectivity with immediate access to both the US-101 Freeway and I-405 Freeway
- In-place rents are below market, offering over 20% rental upside through turnover and systematic rent increases
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$184,724
|
$49.83
|
| Other Income |
$820
|
$0.22
|
| Vacancy Loss |
$5,566
|
$1.50
|
| Effective Gross Income |
$179,978
|
$48.55
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$75,717
|
$20.43
|
| Net Operating Income |
$104,261
|
$28.13
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $184,724 |
| Annual Per SF | $49.83 |
| Other Income (CAD) | |
|---|---|
| Annual | $820 |
| Annual Per SF | $0.22 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $5,566 |
| Annual Per SF | $1.50 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $179,978 |
| Annual Per SF | $48.55 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $75,717 |
| Annual Per SF | $20.43 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $104,261 |
| Annual Per SF | $28.13 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | - | - |
| 1+1 | 5 | - | - |
1 1
Walk Score®
Very Walkable (86)
Property Taxes
| Parcel Number | 2373-007-011 | Improvements Assessment | $410,678 CAD |
| Land Assessment | $96,991 CAD | Total Assessment | $507,669 CAD |
Property Taxes
Parcel Number
2373-007-011
Land Assessment
$96,991 CAD
Improvements Assessment
$410,678 CAD
Total Assessment
$507,669 CAD
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4189 Greenbush Ave
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