4646 Natick Ave
Sherman Oaks, CA 91403
Natick Park North · Multifamily Property For Sale · 20 Units

KW Commercial is proud to represent this 18 unit plus two additional non-conforming units apartment building in Sherman Oaks. The non conforming units are in the process of being legalized with the city. The building was constructed in 1968. Its unit mix consists of (3) one-bedroom, one-bathroom units, (9) two-bedroom, two-bathroom units, and (6) two-bedroom, two-bathroom and a den units. With a lot size of 14,245 square feet, the property has a total of 26,910 rentable square feet. There are (2) non confirming units that bring in an additional $1000 each per month. There is an existing loan in the approximate amount of $3,500,000 that was originated in 2015. The loan is at 3.35% interest that is fixed until October 16, 2020. If buyer does not assume the loan buyer is responsible for prepayment penalty of approximately 2% of the loan amount. The property is situated in a prime Sherman Oaks area, which has a comfortable blend of urban and suburban amenities. Along with sunny, clean sidewalks, the city offers many hip cafes and shops — especially on Ventura Boulevard, which features the Sherman Oaks Galleria and many upscale restaurants. Residents also have easy access to the 405 and 101 freeways. The building’s amenities include an indoor pool, balconies, central HVAC units, secured parking, and lush landscaping. It is separately metered for gas and electricity.