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TWO INCOME PRODUCING 5 UNIT BUILDINGS . 4323-4329 Van Nuys Blvd 10 Unit Apartment Building $4,600,000 ($460,000/Unit) 3.77% Cap Rate Sherman Oaks, CA 91403
INVESTMENT HIGHLIGHTS
- EXISTING LOAN OF $2.3 mil @ 3.25% FIXED UNTIL 11/1/28
- EXISTING APPROX. $300,000 IN ANNUAL GROSS INCOME
- TROPHY LOCATION ,DOUBLE CORNER LOT SOUTH OF VENTURA BLVD.
- IN THE HEART OF SHERMAN OAKS VILLAGE ,WALK TO ALL RESTAURANTS,SHOPS AND ETC.
- SOFT STORY RETROFITTING IS COMPLETED.
- BOTH PROPERTIES MUST SELL AND CLOSE ESCROW TOGETHER
EXECUTIVE SUMMARY
4323 & 4329 Van Nuys Blvd. TROPHY LOCATION. PRIME SOUTH OF VENTURA BLVD. Corner property with an alley in the back. Walk to all restaurants, shops and Sherman Oaks village .Two income producing properties in the densely populated Sherman Oaks village neighborhood. All units are remodeled ,some town home style and all rents are almost at market rent .
These two properties are Zoned Rd 1.5 & Situated within the Transit Oriented Communities (TOC) Tier 2. ( buyer to verify ) .
Existing 2 ( FIVE ) unit buildings on two separate lots .
Total lot size 11,9852 sq.ft. & total Living sq. ft 9,820 sq.ft .
4323 Van Nuys blvd. ( APN # 2276014002) consists of (1) single story 3 br, 2 bath house , (2 ) two br ,1 bath & ( 2) one br,1 bath units .
4329 Van Nuys blvd . ( APN # 2276014001) consists of (1 ) 2 Br +den , 1 bath owner's unit and ( 2) two br ,1 bath & (2 ) one br. 1 bath units.
A unique Buy & hold or development opportunity for investors and builders in prime area of Sherman Oaks South of Ventura Blvd.
Asking price $4,600,000 .
Buyer to verify zoning , lot size, age of the building and applicable requirements to develop .
These two properties are Zoned Rd 1.5 & Situated within the Transit Oriented Communities (TOC) Tier 2. ( buyer to verify ) .
Existing 2 ( FIVE ) unit buildings on two separate lots .
Total lot size 11,9852 sq.ft. & total Living sq. ft 9,820 sq.ft .
4323 Van Nuys blvd. ( APN # 2276014002) consists of (1) single story 3 br, 2 bath house , (2 ) two br ,1 bath & ( 2) one br,1 bath units .
4329 Van Nuys blvd . ( APN # 2276014001) consists of (1 ) 2 Br +den , 1 bath owner's unit and ( 2) two br ,1 bath & (2 ) one br. 1 bath units.
A unique Buy & hold or development opportunity for investors and builders in prime area of Sherman Oaks South of Ventura Blvd.
Asking price $4,600,000 .
Buyer to verify zoning , lot size, age of the building and applicable requirements to develop .
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$300,000
|
$30.55
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$300,000
|
$30.55
|
| Taxes |
-
|
-
|
| Operating Expenses |
$124,748
|
$12.70
|
| Total Expenses |
$124,748
|
$12.70
|
| Net Operating Income |
$175,252
|
$17.85
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $300,000 |
| Annual Per SF | $30.55 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $300,000 |
| Annual Per SF | $30.55 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | $124,748 |
| Annual Per SF | $12.70 |
| Total Expenses | |
|---|---|
| Annual | $124,748 |
| Annual Per SF | $12.70 |
| Net Operating Income | |
|---|---|
| Annual | $175,252 |
| Annual Per SF | $17.85 |
PROPERTY FACTS
| Price | $4,600,000 | Apartment Style | Low-Rise |
| Price Per Unit | $460,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.28 AC |
| Cap Rate | 3.77% | Building Size | 9,820 SF |
| Sale Condition | Bulk/Portfolio Sale | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1933/1975 |
| Property Subtype | Apartment | Parking Ratio | 1.83/1,000 SF |
| Zoning | LARD1.5 - Multi-Family | ||
| Price | $4,600,000 |
| Price Per Unit | $460,000 |
| Sale Type | Investment |
| Cap Rate | 3.77% |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 9,820 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1933/1975 |
| Parking Ratio | 1.83/1,000 SF |
| Zoning | LARD1.5 - Multi-Family |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | - | 600 |
| 2+2 | 6 | - | 800 |
| 3+2 | 1 | - | 1,482 |
1 1
Walk Score®
Very Walkable (86)
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $4,819,650 | |
| Land Assessment | $3,101,969 | Annual Taxes | $0 ($0.00/SF) |
| Improvements Assessment | $1,717,681 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$3,101,969
Improvements Assessment
$1,717,681
Total Assessment
$4,819,650
Annual Taxes
$0 ($0.00/SF)
Tax Year
2025
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TWO INCOME PRODUCING 5 UNIT BUILDINGS . | 4323-4329 Van Nuys Blvd
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