Historical Multifamily Sale Listing - The Portofino

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The Portofino

4343 Ventura Canyon Ave, Sherman Oaks, CA 91403

N/A

15 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
15
Building Size:
16,260 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Cap Rate:
5.44%
Gross Rent Multiplier:
11
Occupancy:
100%
Year Built:
1997
Lot Size:
0.30 AC
Listing ID
13554085
Last Updated
over 1 year ago

Highlights

  • Non Rent Control
  • Upside Potential
  • New Construction
  • Huge Units
  • Excellent Sherman Oaks Area
  • Located Close to Many Strong Employment Bases
  • Easy Access to 101, 134, and 405 Freeways

Description

The property was built in 1997. The unit mix consists of one (1) single
plus loft unit, one (1) one bedroom/one bathroom plus loft unit, seven
(7) two bedroom/two bathroom units, and six (6) two bedroom/two
bathroom plus loft units. The two-story building consists of
approximately 16,260 rentable square feet. Each unit of the property is
separately metered for electricity and gas. Each unit has separate hook
ups for washers and dryers and all of the two bedroom units have two
parking spaces.
***THREE OF THE UNTIS ARE RENT RESTRICTED DUE TO A DENSITY VARIENCE ISSUED DURING CONSTRUCTION - SEE LISTING AGENT FOR DETAILS***
The Portifino property in Sherman Oaks is conveniently located close
to local employers and regional entertainment. The central location and
close proximity of many entertainment options, such as Sherman Oaks
Galleria, and Universal City, make it a desirable place to live.

***See Attachments For Full Marketing Package***

The Studio City and Sherman Oaks apartment submarket is one of the
most affluent areas of the San Fernando Valley, in Los Angeles
County, California. This submarket is home to approximately 9% of
the Valley's apartment buildings stock. Over 33% of total residents
are renters.
Lined with many restaurants and retail stores, Ventura Boulevard is
one of the busiest and most dynamic of the Valley's boulevards.
Furthermore, the Boulevard represents an economic and
psychological dividing line, with South of the Boulevard housing
the majority of luxury residences. This submarket's economy is
heavily influenced by the entertainment and healthcare industries.
Major employers in the area include Fashion Square, Sunkist
Corporation, Health Systems International Inc., Universal Studios
entertainment complex, Pinkerton, Zenith National Insurance
Corporation, Unilab, Warner Brothers Television, Teletech
Communications, and CBS Studio Center.

Map of 4343 Ventura Canyon Ave, Sherman Oaks, CA 91403

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