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15050 Moorpark
Sherman Oaks, CA 91403
Multifamily Property For Sale · 25 Units

Investment Highlights

  • 15050 Moorpark St is a 25-Unit value add opportunity located in prime Sherman Oaks. (Contact Brokers for OM)
  • 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 25
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.41 AC
Building Size 19,482 SF
No. Stories 2
Year Built 1984
Zoning R4-1, Los Angeles - Multiple Dwelling Zone

Amenities

Unit Amenities

  • Air Conditioning
  • Balcony
  • Dishwasher
  • Heating
  • Kitchen
  • Range
  • Smoke Free

Site Amenities

  • Spa

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1.5 1 $3,150 1,000
1+1.5 24 $2,225 811

Property Taxes

Property Taxes

Parcel Number
2264-016-050
Land Assessment
$996,869
Improvements Assessment
$2,305,825
Total Assessment
$3,302,694
  • Listing ID: 33222492

  • Date on Market: 9/18/2024

  • Last Updated:

  • Address: 15050 Moorpark, Sherman Oaks, CA 91403

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