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The Dickens Residences 14524-14530 Dickens St 6 Unit Apartment Building $1,995,000 ($332,500/Unit) 5.94% Cap Rate Sherman Oaks, CA 91403
Investment Highlights
- Prime, South of Ventura Boulevard Sherman Oaks Location
- Well Maintained Building with Vintage Charm, Featuring Residences with Real Hardwood Floors
- Residences are Separately Metered For Gas & Electricity, and Each Have Individual Water Heaters
- 5 of the 6 Residences Could Be Delivered Vacant & Fully Furnished
- Steps to Ventura Boulevard & Van Nuys Boulevard Shops, Restaurants & Super Markets
- Potential to Add ADU
Executive Summary
This is a unique opportunity to own a six unit prime Sherman Oaks apartment building that could be delivered with five fully furnished, vacant residences. This unique vacancy profile allows a new owner to immediately set market rents and maximize cash flow on day one, without the need to do any improvements. Ideally located on beautiful Dickens Street, south of Ventura Blvd and just west of Van Nuys Blvd, the subject property is mere steps to premier shops, restaurants, entertainment, and grocery stores.
Its prime, West Sherman Oaks location also offers strategic access to both the 101 and 405 freeways, providing seamless connectivity to the Westside, Beverly Hills, Studio City, and beyond. 5 of the 6 subject property’s residences are in tastefully furnished, rent ready condition, exude charm & feature real hardwood floors, allowing the investor unique ability to set rents & control occupancy.
14526 Dickens Street presents a compelling opportunity to acquire an extremely well-located asset in the San Fernando Valley’s most sought-after location.
Its prime, West Sherman Oaks location also offers strategic access to both the 101 and 405 freeways, providing seamless connectivity to the Westside, Beverly Hills, Studio City, and beyond. 5 of the 6 subject property’s residences are in tastefully furnished, rent ready condition, exude charm & feature real hardwood floors, allowing the investor unique ability to set rents & control occupancy.
14526 Dickens Street presents a compelling opportunity to acquire an extremely well-located asset in the San Fernando Valley’s most sought-after location.
Property Facts
| Price | $1,995,000 | Apartment Style | Low-Rise |
| Price Per Unit | $332,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 5.94% | Building Size | 3,870 SF |
| Gross Rent Multiplier | 10.33 | No. Stories | 2 |
| No. Units | 6 | Year Built | 1941 |
| Property Type | Multifamily | Parking Ratio | 1.55/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LARD1.5 - Restricted Density Multiple Dwelling | ||
| Price | $1,995,000 |
| Price Per Unit | $332,500 |
| Sale Type | Investment |
| Cap Rate | 5.94% |
| Gross Rent Multiplier | 10.33 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 3,870 SF |
| No. Stories | 2 |
| Year Built | 1941 |
| Parking Ratio | 1.55/1,000 SF |
| Zoning | LARD1.5 - Restricted Density Multiple Dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Sprinkler System
- Range
- Tub/Shower
- Smoke Free
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $2,683 | - |
1 1
Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 2276-014-005 | Improvements Assessment | $193,122 |
| Land Assessment | $123,346 | Total Assessment | $316,468 |
Property Taxes
Parcel Number
2276-014-005
Land Assessment
$123,346
Improvements Assessment
$193,122
Total Assessment
$316,468
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The Dickens Residences | 14524-14530 Dickens St
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