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14525-31 Albers St 14525 Albers St 12 Unit Apartment Building $2,775,000 ($231,250/Unit) 5.50% Cap Rate Sherman Oaks, CA 91411



Investment Highlights
- Well-located multifamily asset in a desirable Sherman Oaks neighborhood.
- Great Access to the Sepulveda Basin Wildlife Reserve & Recreation Area!
- Located in an infill submarket with limited new multifamily supply.
- Total of two (2) attached storage garages allowing for additional income.
- Recently completed a successful Balcony/Patio upgrade in compliance with LADBS ordinance.
- Strong surrounding rental market supported by employment, lifestyle amenities, and freeway access.
Executive Summary
The Azzi Group of Marcus & Millichap is pleased to present 14525–31 Albers St, a 12-unit multifamily investment opportunity located in the highly desirable Sherman Oaks neighborhood of Los Angeles.
The offering consists of a well-located, value-add asset featuring three separate buildings on a sizable 13,500 SF lot, providing investors with strong in-place income and the ability to enhance cash flow through strategic rental increases and operational efficiencies.
Built in 1955/1962, the property offers a classic low-density layout with a desirable unit mix of studios, one-bedroom, and two-bedroom units, catering to a broad tenant base in a high-demand rental submarket. The property also features a combination of surface, tuck-under, and garage parking, along with separately metered gas and electricity, supporting efficient management and expense control.
14525–31 Albers St benefits from its prime infill location in Sherman Oaks, offering tenants convenient access to major employment hubs, retail corridors, and lifestyle amenities throughout the San Fernando Valley. The property is also located near the Sepulveda Basin Recreation Area and enjoys proximity to major freeways, enhancing connectivity across Los Angeles.
Sherman Oaks remains one of the Valley’s most sought-after rental markets, driven by its central location, strong tenant demand, and limited new multifamily supply—making 14525–31 Albers St a compelling investment opportunity with both stability and long-term upside.
The offering consists of a well-located, value-add asset featuring three separate buildings on a sizable 13,500 SF lot, providing investors with strong in-place income and the ability to enhance cash flow through strategic rental increases and operational efficiencies.
Built in 1955/1962, the property offers a classic low-density layout with a desirable unit mix of studios, one-bedroom, and two-bedroom units, catering to a broad tenant base in a high-demand rental submarket. The property also features a combination of surface, tuck-under, and garage parking, along with separately metered gas and electricity, supporting efficient management and expense control.
14525–31 Albers St benefits from its prime infill location in Sherman Oaks, offering tenants convenient access to major employment hubs, retail corridors, and lifestyle amenities throughout the San Fernando Valley. The property is also located near the Sepulveda Basin Recreation Area and enjoys proximity to major freeways, enhancing connectivity across Los Angeles.
Sherman Oaks remains one of the Valley’s most sought-after rental markets, driven by its central location, strong tenant demand, and limited new multifamily supply—making 14525–31 Albers St a compelling investment opportunity with both stability and long-term upside.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,775,000 | Apartment Style | Low-Rise |
| Price Per Unit | $231,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.31 AC |
| Cap Rate | 5.50% | Building Size | 7,061 SF |
| Gross Rent Multiplier | 11.91 | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1962 |
| Property Subtype | Apartment | Parking Ratio | 1.98/1,000 SF |
| Zoning | LAP / LARD2 | ||
| Price | $2,775,000 |
| Price Per Unit | $231,250 |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| Gross Rent Multiplier | 11.91 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 7,061 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1.98/1,000 SF |
| Zoning | LAP / LARD2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | - | 462 |
| 1+1 | 4 | - | 600 |
| 2+1 | 2 | - | 750 |
| 2+1.5 | 1 | - | 850 |
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Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $765,548 | |
| Land Assessment | $1,312,372 | Total Assessment | $2,077,920 |
Property Taxes
Parcel Numbers
Land Assessment
$1,312,372
Improvements Assessment
$765,548
Total Assessment
$2,077,920
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