4546 Murietta Avenue, Sherman Oaks (91423) is a 13-unit apartment building being offered for sale for the first time in nearly 30 years. 4546 Murietta is located between Valleyheart Drive and Moorpark Street, which is considered one of SFV's most stable and dynamic rental markets. It offers easy access to an enormous and diverse set of employers. 4546 Murietta Avenue, built in 1965 and comprised of 10,606 SF of improvements, features oversized apartments and an ideal unit composition of Six (6) One-Bedroom One-Bathroom, Six (6) Two Bedroom Two-Bathroom, and One (1) Three-Bedroom Two-Bathroom apartment homes. The units surround a quiet gated court area with draught-tolerant landscaping. The offering is situated on a large parcel measuring 13,587 square feet. Most unit interiors feature wood flooring and central air conditioning and could benefit from systematic upgrading as units turn over. Resident amenities include parking for 13 vehicles, a common-area laundry room, gated entry, drought-tolerant landscaping, well-kept common areas, and separate gas and electrical utilities. Sherman Oaks is one of LA's most stable and desirable suburban neighborhoods. Furthermore, the subject property offers residents access to a myriad of entertainment venues, travel corridors, and dining options in and around the surrounding neighborhoods.
The Moorpark Street property currently consists of twelve multifamily units with a unit mix of six, two bedroom two and one half bath townhouse units and six singles (or Jr. one bedroom units). The property has 194.8 feet of frontage along Moorpark Street and is zoned R3. There are three stories built over two enclosed parking garages. Though the property could use some freshening up, we believe this to be a unique opportunity to own 1990's construction with an interesting unit mix and modern appointments.
4421-4427 Murietta Avenue, commonly known as the Santorini Villas, is a prestigious opportunity to acquire a quintessential value-add property situated in one of the best rental locations in prime Sherman Oaks. The beautiful open courtyard property boasts an ideal unit mix consisting of all large 1 and 2-bedroom units. Each of the units is spacious, has a terrific floor plan, and offers an abundance of natural light. Built in 1955, the property is an ideal mid-century gem ideally positioned just steps from vibrant Ventura Blvd. The Santorini Villas feature a unit mix of (16) 2-bedroom, 1-bathroom units and (8) 1-bedroom, 1-bathroom units. Interiors have hardwood floors (select units), spacious kitchens/bedrooms/bathrooms, and are separately metered for gas and electricity. Other property features include a well landscaped courtyard, a large sparkling pool, copper plumbing, an intercom entrance, a pitched roof, and ample on-site parking which is exempt from soft story retrofit (Buyer to verify). Close to some of the Valley's best dining and nightlife, this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a premier turnkey asset in one of the best rental locations in all of Los Angeles.
13444 Moorpark Street sits on an 11,954-square-foot parcel and features a two-story garden-style building above a semi-subterranean parking garage. The property totals approximately 13,682 gross square feet and offers a unit mix of 11 one-bedroom, one-bathroom units and 5 two-bedroom, two-bathroom units. The building includes underutilized interior courtyards, in-unit fireplaces, and private balconies or patios for each unit. In-place rents reflect a ~14% loss-to-lease, with the potential to achieve market rents through the implementation of an interior and exterior improvement plan.
The median home value in Sherman Oaks, CA is $912,500. This is higher than the county median home value of $796,100. The national median home value is $338,100. The average price of homes sold in Sherman Oaks, CA is $912,500. Approximately 33.96% of Sherman Oaks homes are owned, compared to 58.13% rented, while 7.92% are vacant. Sherman Oaks real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Sherman Oaks real estate agent to arrange a tour today!
Sherman Oaks 91423 is less family-centric than the surrounding county with 28.08% of the households containing married families with children. The county average for households married with children is 30.99%.