14320 Addison St | Sherman Oaks, CA 91423
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- LoopNet Team
14320 Addison St
Sherman Oaks, CA 91423
±27% NOI Upside · Multifamily Property For Sale
·
56 Units
INVESTMENT HIGHLIGHTS
- Property has ±27% NOI upside - assumes 37 unrenovated units are remodeled to the same standard as the 19-units that seller recently renovated;
- Across the street from large 65+ acre Recreational Park with tennis courts, indoor gym, aquatic center, dog park, etc.;
- Less than one mile to Ventura Boulevard, which has an abundance of restaurants and retail shops.
- Current Cap: 3.69% / Market Cap: 4.45% (assumes $26k per unit for remaining 37 units);
- Located in a top area of the San Fernando Valley - prestigious Sherman Oaks
PROPERTY FACTS
| No. Units | 56 | Lot Size | 1.02 AC |
| Property Type | Multifamily | Building Size | 62,328 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1969 |
| Building Class | B | Parking Ratio | 1.04/1,000 SF |
| Zoning | R3 | ||
| No. Units | 56 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 1.02 AC |
| Building Size | 62,328 SF |
| No. Stories | 2 |
| Year Built | 1969 |
| Parking Ratio | 1.04/1,000 SF |
| Zoning | R3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Microwave
- Heating
- Oven
- Range
- Patio
SITE AMENITIES
- Controlled Access
- Clubhouse
- Courtyard
- Fitness Center
- Laundry Facilities
- Spa
- Gameroom
- Recycling
- Elevator
- Lounge
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 38 | - | 600 - 1,050 |
| 2+2 | 18 | - | 1,300 - 1,350 |
PROPERTY TAXES
| Parcel Number | 2248-007-076 | Improvements Assessment | $8,760,168 |
| Land Assessment | $13,140,252 | Total Assessment | $21,900,420 |
PROPERTY TAXES
Parcel Number
2248-007-076
Land Assessment
$13,140,252
Improvements Assessment
$8,760,168
Total Assessment
$21,900,420
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