4573 Willis Ave | Sherman Oaks, CA 91403
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- LoopNet Team
4573 Willis Ave
Sherman Oaks, CA 91403
Willis Park West · Multifamily Property For Sale
·
22 Units
INVESTMENT HIGHLIGHTS
- Well maintained 22 unit apartment building located in a prime Sherman Oaks location.
- Tenant amenities include central air, dishwashers, pool, elevator, controlled access, gated parking.
- Situated near Ventura Boulevard, offering easy access to a variety of dining, shopping, and entertainment destinations.
- Tremendous rental upside. Many of the rents are well below market.
PROPERTY FACTS
| No. Units | 22 | Building Size | 26,883 SF |
| Property Type | Multifamily | Average Occupancy | 91% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1964 |
| Building Class | C | Parking Ratio | 0.82/1,000 SF |
| Lot Size | 0.40 AC | ||
| Zoning | LAR3 - Multiple Dwelling Zone | ||
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.40 AC |
| Building Size | 26,883 SF |
| Average Occupancy | 91% |
| No. Stories | 3 |
| Year Built | 1964 |
| Parking Ratio | 0.82/1,000 SF |
| Zoning | LAR3 - Multiple Dwelling Zone |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Gated
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $1,787 | 745 |
| 2+2 | 15 | $2,196 | 1,100 |
| 3+2 | 3 | $2,583 | 1,200 - 1,300 |
PROPERTY TAXES
| Parcel Number | 2264-017-037 | Improvements Assessment | $622,970 |
| Land Assessment | $581,436 | Total Assessment | $1,204,406 |
PROPERTY TAXES
Parcel Number
2264-017-037
Land Assessment
$581,436
Improvements Assessment
$622,970
Total Assessment
$1,204,406
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