6.22% CAP and 10.81 GRM in Sherman Oaks 5707 Tilden Ave 6 Unit Apartment Building $2,234,175 CAD ($372,362 CAD/Unit) 6.22% Cap Rate Sherman Oaks, CA 91401

Marcus & Millichap is pleased to announce the opportunity to purchase 5707 Tilden Avenue, a six-unit multifamily property in prestigious Sherman Oaks, CA. With its high in-place CAP Rate of 6.22%, the property is one of the most attractively priced listings within one of the most desirable neighborhoods of Los Angeles.
Because the property does not appear on the Los Angeles Department of Building & Safety’s seismic retrofit list, a new owner benefits by saving on an otherwise costly expense (Buyer to verify). Expenses are reduced even further by the fact that trash service is provided by the City of Los Angeles at no cost to the landlord. A substantial revenue stream is generated by the property’s storage units, which currently provide an additional $1,000 monthly beyond the apartment rental income collected.
Located near the intersection of Van Nuys Boulevard and Burbank Boulevard, the building attracts residents with its convenient access to the amenities within Sherman Oaks, Studio City, Encino, and Valley Village. Costco and Target are each within a short driving distance, while the Westfield Fashion Square is just 1.7 miles away, with the high-end boutiques and fine dining destinations along Ventura Boulevard less than two miles south.