4445 Murietta Avenue,  Sherman Oaks CA, 91423 (Residential Income)

19,480 sqft
Status: Pending
MLS#: 16164074
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Last Updated: 12/2/2016 4:49 PM
Description for 4445 Murietta Avenue Sherman Oaks, CA 91423
The subject property is a twenty four-unit apartment building in a prime Sherman Oaks Location. Built in 1955, the property is subject to rent control. There is desirable unit mix of eight one-bedroom/one-bath units and sixteen two-bedroom/one-bath units. With a Walk Score of 81, the property is walking distance to the endless shopping, dining and entertainment options on Ventura Boulevard. The property is also walking distance to the newly improved Ralphs shopping center as well close proximity to the Westfield Fashion Square on Riverside Drive. Overall, this location provides residents all the conveniences they need as well as quick freeway access to 101, 405 and 170 Freeways. In addition to the great location, the property has a nice array of amenities such as a pool, courtyard, nicely landscaped entrance, on-site laundry facility and covered and open parking. Investors should see this as a rare opportunity to own within a couple blocks of Ventura Boulevard with upside in rents.
Price
$7,800,000
Los Angeles
19,480 (approx)
16164074
Pending
Description
The subject property is a twenty four-unit apartment building in a prime Sherman Oaks Location. Built in 1955, the property is subject to rent control. There is desirable unit mix of eight one-bedroom/one-bath units and sixteen two-bedroom/one-bath units. With a Walk Score of 81, the property is walking distance to the endless shopping, dining and entertainment options on Ventura Boulevard. The property is also walking distance to the newly improved Ralphs shopping center as well close proximity to the Westfield Fashion Square on Riverside Drive. Overall, this location provides residents all the conveniences they need as well as quick freeway access to 101, 405 and 170 Freeways. In addition to the great location, the property has a nice array of amenities such as a pool, courtyard, nicely landscaped entrance, on-site laundry facility and covered and open parking. Investors should see this as a rare opportunity to own within a couple blocks of Ventura Boulevard with upside in rents.
Listing Information
Property Type: Cluster, Other
0.56 Acres 2,479,300 sq.ft. 19,480 (approx)
$400.41 1955
24 Total
Neighborhood
Room Information
Exterior / Lot Features
Covered
LAR3
Driving Directions
101 Freeway, Exit Woodman Ave go South, turn right on Moorpark St, turn right on Murietta Ave, property will be on the left side.
Financial Considerations
2271013013
,$192,583
Listing Price History

Sherman Oaks Real Estate

Sherman Oaks is located in California. Sherman Oaks, California 91423 has a population of 54,323.

The median household income in Sherman Oaks, California 91423 is $73,234. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Sherman Oaks 91423 is 39 years.

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Courtesy: Marcus & Millichap Brett Sanson
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