Log In/Sign Up
Your email has been sent.
4189 Greenbush Ave 6 Unit Apartment Building Offered at $1,850,000 at a 4.12% Cap Rate Sherman Oaks, CA 91423
Investment Highlights
- Two separate buildings on a single oversized parcel, including a 3-unit structure built in 1925 and a second 3-unit structure built in 1984
- Strong underlying real estate fundamentals supported by median single-family home values exceeding $1.5 million in Sherman Oaks
- Exceptional local demographics with an average household income of approximately $139,256 within one mile of the property
- Located within walking distance to Ventura Boulevard’s most popular dining and lifestyle amenities incl. Homestate, Petit Trois, Sushi Note, Mistral
- Excellent regional connectivity with immediate access to both the US-101 Freeway and I-405 Freeway
- In-place rents are below market, offering over 20% rental upside through turnover and systematic rent increases
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$135,108
|
$36.45
|
| Other Income |
$600
|
$0.16
|
| Vacancy Loss |
$4,071
|
$1.10
|
| Effective Gross Income |
$131,637
|
$35.51
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$55,380
|
$14.94
|
| Net Operating Income |
$76,257
|
$20.57
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $135,108 |
| Annual Per SF | $36.45 |
| Other Income | |
|---|---|
| Annual | $600 |
| Annual Per SF | $0.16 |
| Vacancy Loss | |
|---|---|
| Annual | $4,071 |
| Annual Per SF | $1.10 |
| Effective Gross Income | |
|---|---|
| Annual | $131,637 |
| Annual Per SF | $35.51 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $55,380 |
| Annual Per SF | $14.94 |
| Net Operating Income | |
|---|---|
| Annual | $76,257 |
| Annual Per SF | $20.57 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | - | - |
| 1+1 | 5 | - | - |
1 1
Walk Score®
Very Walkable (86)
Property Taxes
| Parcel Number | 2373-007-011 | Improvements Assessment | $301,176 |
| Land Assessment | $71,130 | Total Assessment | $372,306 |
Property Taxes
Parcel Number
2373-007-011
Land Assessment
$71,130
Improvements Assessment
$301,176
Total Assessment
$372,306
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
4189 Greenbush Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.