This Multifamily Property is no longer advertised on LoopNet.com.

13444 Moorpark
Sherman Oaks, CA 91423
Multifamily Property For Sale · 16 Units

Investment Highlights

  • 13444 Moorpark is a 16-Unit value add opportunity located in prime Sherman Oaks. IN-PLACE 5.71% CAP RATE WITH ONE VACANT UNIT!
  • The property has been under the same ownership for the past 20 years and non-rent control assets of this size and location do not trade frequently.
  • By implementing an extensive interior and exterior renovation plan, a subsequent buyer can capture significant loss-to-lease on rents.
  • The property is not subject to Los Angeles RSO and fall under the guidelines of AB-1482 allowing for larger rent increases each year.
  • Ideally situated steps from the vibrant heart of Sherman Oaks. Residents can enjoy a lively mix of dining, shopping, and entertainment options.
  • Property features rent driving physical plant with semi subterranean gated parking, in-unit fireplaces, gated access, and spacious floorplan.

Property Facts

No. Units 16
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.27 AC
Building Size 13,682 SF
Average Occupancy 95%
No. Stories 2
Year Built 1986
Parking Ratio 1.17/1,000 SF
Zoning R3-1, Los Angeles - Multiple Dwelling Zone

Amenities

Unit Amenities

  • Balcony
  • Microwave
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower

Site Amenities

  • 24 Hour Access
  • Courtyard
  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 11 $2,199 775
2+2 5 $2,487 1,000

Property Taxes

Property Taxes

Parcel Number
2360-009-053
Land Assessment
$676,130
Improvements Assessment
$1,621,010
Total Assessment
$2,297,140
  • Listing ID: 33222454

  • Date on Market: 9/18/2024

  • Last Updated:

  • Address: 13444 Moorpark, Sherman Oaks, CA 91423

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