32u | Walk to Ventura Bl | Value Add 4908-4930 Coldwater Canyon Ave 32 Unit Apartment Building $8,800,000 ($275,000/Unit) 4.40% Cap Rate Sherman Oaks, CA 91423

Property website with OM: https://properties.berkadia.com/villa-sabrina-448574
We are excited to exclusively offer for sale, Villa Sabrina at 4930 Coldwater Canyon Avenue, a 32-unit apartment community in a prime Sherman Oaks location, walking distance to Ventura Boulevard and the Shops at Sportsmen’s Lodge. This value-add opportunity offers significant rental upside: approximately $419 per unit. The community enjoys a sparkling pool and bbq area with lush landscaping, mature trees and walking paths throughout. The units feature spacious, open floor plans, most with a patio or balcony. 20 out of 32 units are two-story, loft-style with vaulted wood beamed ceilings and enclosed private patio. The seismic retrofit reinforcement work has been completed.
The property is within minutes of major employers including: Warner Bros., Disney, ABC, Inc., iHeart Media, the Burbank Studios, and Providence Saint Joseph Medical Center. The location offers exceptional freeway access to the 101, 134, 170, and 405 Freeways, offering direct access to major arteries throughout Los Angeles and is close to two Metro stations and the Hollywood Burbank Airport.