Sherman Oaks CA Multi Family for Sale
- Type:
- Cluster
- Sq.Ft.:
- 7,632
- Status:
- Active
- Beds:
- 14
- Lot size:
- 0.25 Acres
- Year built:
- 1953
- Baths:
- 11.00
- MLS#:
- 24440159
ADDITIONAL INFORMATION
14825 Magnolia Blvd offers eleven units ideally located in Sherman Oaks, CA near a wide array of shopping, dining, and entertainment options. This unique rarely traded asset is situated in one of the most desirable rental markets in Los Angeles adjacent to Valley Village and Encino. The property sits on a large 10,984 SF lot with 7,632 SF of rentable space consisting of Three - 2BR/1BA Units, and Eight 1BR/1BAUnits. The offering provides a rare opportunity for a savvy investor to acquire this trophy asset with over 39% upside.
$1,395,000
15242 Morrison Street Sherman Oaks, CA 91403
Open House:
Sunday, 9/29 1:00-4:00PM
- Type:
- Duplex
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.1 Acres
- Year built:
- 1937
- Baths:
- MLS#:
- P1-19148
- Subdivision:
- Not Applicable
ADDITIONAL INFORMATION
Located in the highly sought after neighborhood of Sherman Oaks, this stunning compound offers the ultimate in privacy and comfort featuring a beautifully designed 3-bed, 2-bath main residence and a charming 1-bed ADU. As you enter through the lush garden and newly tiled front patio, you're welcomed into a spacious, open floor plan with new flooring throughout. A skylight brightens the interior, filling the space with natural light and enhancing the home's airy ambiance. The renovated kitchen is equipped with stainless steel appliances, honed quartz countertops, slim shaker cabinets and a center island offering ample counter space. The cozy living room, with its vaulted ceilings, decorative fireplace and built-in bookshelf creates a warm and inviting atmosphere. Two of the bedrooms and the living room open up to the backyard oasis offering a tranquil retreat, perfect for unwinding or entertaining. The ADU with a private patio and separately metered utilities adds to the property's versatility, making it an ideal space for a rental, guest quarters or personal work studio. Additional upgrades to the main home include fully remodeled bathrooms, new plumbing, tankless water heater, freshly painted exterior with smooth stucco, new concrete pavers and a security camera. This unique property is a rare find with its prime location and thoughtfully curated features, don't miss the opportunity to make this home your own!
$2,290,000
5170 Columbus Avenue Sherman Oaks, CA 91403
- Type:
- Cluster
- Sq.Ft.:
- 4,821
- Status:
- Active
- Beds:
- 8
- Lot size:
- 0.14 Acres
- Year built:
- 1956
- Baths:
- 9.00
- MLS#:
- 24428565
ADDITIONAL INFORMATION
We are proud to present this 8-unit apartment building in an excellent Sherman Oaks location. The property was originally built in 1956,four units were added in 1987 and then in 2024, a Studio ADU was added for a total of 8 units. This property is subject to the LA City RentControl. There is an excellent unit mix that includes Two Two-Bedroom/Two-Bath Units and Four One-Bedroom/One-Bath Units, OneStudio and One Studio ADU.The property is minutes from the endless dining, shopping, and entertainment options on Ventura Blvd. The Sherman Oaks Galleria is alsoa very short drive away. Access to the 101 and 405 Freeway's is very close by, which provides easy access to the surrounding area andjob opportunities.This is a great opportunity to own a well located building on a corner lot with great features such enclosed garages, central A/C & Heatand spacious floorplans.
$10,950,000
14556 Magnolia Boulevard Sherman Oaks, CA 91403
- Type:
- Cluster
- Sq.Ft.:
- 39,198
- Status:
- Active
- Beds:
- 35
- Lot size:
- 0.57 Acres
- Year built:
- 1961
- Baths:
- 50.00
- MLS#:
- 24427717
ADDITIONAL INFORMATION
***PRICE REDUCED $550,000*** We are pleased to present the Terraces at the Summit, a 50-unit value add apartment building located at 14556 Magnolia Boulevard in Sherman Oaks, California. Current rents are approximately 22% under market providing a new investor the opportunity to renovate units and common areas in order to maximize rental income. Built in 1961, the property features a favorable unit mix consisting of (17) studio/one-bathroom units and (33) one-bedroom/one-bathroom units. Units feature wood flooring, granite countertops, dishwasher, microwave and floor to ceiling living room windows (select units). Property amenities include secured access, pool, grill/picnic area, lounge, fitness center, laundry facility, elevator and gated subterranean parking. The 39,198 square foot building sits on a large 0.57 acre lot that is LAR3 zoned. The Terraces at the Summit is located in Sherman Oaks, one of the best rental submarkets in Los Angeles County with historically low vacancy rates. The property is in close proximity to grocery stores, restaurants and retail on Van Nuys Boulevard as well as vibrant cafes, fine dining, high-end chic retail and nightlife on nearby Ventura Boulevard. The property is conveniently located near the 405 and 101 freeways and just a short drive to major job centers such as Woodland Hills, Encino, North Hollywood, Burbank and Glendale.
- Type:
- Cluster
- Sq.Ft.:
- 8,763
- Status:
- Active
- Beds:
- 9
- Lot size:
- 0.17 Acres
- Year built:
- 1981
- Baths:
- 14.00
- MLS#:
- 24415755
ADDITIONAL INFORMATION
We are pleased to present 14931 Magnolia Blvd, a 9-unit multifamily property located in Sherman Oaks. This property represents a value-add opportunity for investment in a highly sought-after pocket of the San Fernando Valley, situated only minutes away from Encino and Van Nuys. 14931 Magnolia Blvd is an ideal choice for investors seeking over 25% in rental upside through interior and exterior renovation programs. With 2-units currently vacant, an investor can get a head start on their interior renovation program to achieve market rents. Constructed in 1981, this multi-story property is comprised of two 1-bedroom/1-bathroom units, five 1-bedroom/1.5-bathroom townhouse units, and two 1-bedroom/2-bathroom units with a loft. The two loft units function like a 2-bedroom unit as there is a 2nd bathroom on the loft level. All units have private patios or balconies, are equipped with central air conditioners, and are individually metered for gas and electric utilities. The property includes 14 parking spaces, on-site laundry, gated parking, controlled access, and a common area for tenants to sit outside and enjoy the use of barbeque grills. 14931 Magnolia Blvd is not subject to the LA City Rent Stabilization Ordinance and rents can be increased by 5% + CPI (AB 1482). 14931 Magnolia Blvd is situated south of Burbank Blvd with Sepulveda Blvd to the west and Kester Ave to the east. Residents have easy access to several nearby bus stops on Magnolia Blvd and Sepulveda Blvd. For nature enthusiasts, the property is only a mile away from the Sepulveda Basin where one can enjoy kayaking, fishing, and exploring nature. Moreover, its proximity to the Ventura Boulevard with its variety of retail shops, restaurants, offices, shopping centers, and other places of business ensures a high demand for rental units. For commuters, the property is minutes away from the 101 405 Freeways, allowing access throughout the San Fernando Valley and into the westside of Los Angeles.
$5,350,000
15286 Sutton Street Sherman Oaks, CA 91403
- Type:
- Cluster
- Sq.Ft.:
- 9,560
- Status:
- Active
- Beds:
- 6
- Lot size:
- 0.19 Acres
- Year built:
- 1964
- Baths:
- 19.00
- MLS#:
- 24392519
ADDITIONAL INFORMATION
15285 Sutton Street is a 19-unit apartment community located in a premier Sherman Oaks neighborhood. The building is on a tree-lined street and boasts great freeway access to the 405. The offering allows investors to acquire an irreplaceable turn-key asset in one of LA's most dynamic and stable markets. The property is well-maintained and has incredible curb appeal. The unit interiors offer a blend of midcentury style with modern convenience. Their vintage style offers ample cabinet and storage space in their open layout. Many units have a balcony with great natural light throughout. Ownership has just completed the buildout of three brand-new ADUs, totaling 1,416 additional square feet. The designs are modern, with brand-new bathrooms, kitchens, appliances, flooring, and sleek fixtures. Ownership has achieved great rents and set a model for future income.15286 Sutton Street is being offered for sale at a 6.2% Cap Rate and 11.2 GRM. The property is master-metered for electricity, water, and gas. Current ownership has implemented a RUBs System (Ratio Utility Billing System). The property is well-parked, with 15 onsite parking spaces. Soft-Story retrofit was completed in 2019. This building is located right off Sepulveda, two blocks south of Ventura Boulevard. It is close to Whole Foods, Blue Dog Tavern, Sherman Oaks Galleria, 24-Hour Fitness, and Yoga Studios, making it super convenient for tenants. With its prime location in Sherman Oaks, 15286 Sutton Street is an outstanding rental location for residents looking for immediate access to major employers, services, and entertainment venues. The proximity to world-class neighboring venues makes this an ideal investment for apartment operators seeking a stable investment opportunity and long-term wealth preservation and appreciation.
$5,150,000
4957 Kester Avenue Sherman Oaks, CA 91403
- Type:
- Cluster
- Sq.Ft.:
- 12,925
- Status:
- Active
- Beds:
- 28
- Lot size:
- 0.29 Acres
- Year built:
- 1963
- Baths:
- 23.00
- MLS#:
- 23339437
ADDITIONAL INFORMATION
IMPROVED PRICING AS SELLER HAS FOUND THEIR UPLEG -- PROPERTY IS PRICED TO SELL AND FEATURES THE LOWEST GRM AND HIGHEST CAP RATE AVAILABLE IN SHERMAN OAKS. More than 78% of the unit interiors have been thoroughly upgraded, featuring new amenities such as custom Calacatta quartz countertops, French Oak-inspired wood flooring, stainless steel appliances, and completely remodeled bathrooms. A new investor may be able to benefit from the already-completed upgrades to realize consistent income improvement, as area rents have steadily increased even in the short time since these renovations were completed. Moreover, a new owner can conduct a similar revitalization of the remaining three apartments to potentially recapture approximately 15% in rent upside. Because nearly all of the units are currently leased at or near market rent levels, the effects of local rent control have been essentially removed, leaving the new owner a market rental base similar to that of a non-rent controlled asset. Located near the intersection of Valleyheart Drive and Kester Avenue, the building sits only four blocks from the fine dining and premium boutiques along world renowned Ventura Boulevard. The property features spacious floorplans covering approximately 12,925 square feet across the 14 units. Recent macroeconomic fundamentals have provided strong tailwinds for apartment occupancy and rental rates, as more potential homeowners have remained in rental housing while single-family mortgage interest rates have more than doubled. With home values lagging in responding to these higher rates -- the median asking price for a single-family home in the 91403 zip code is currently $2,747,500, according to the MLS -- the barrier to homeownership for most renters remains extremely high, which in turn boosts overall apartment demand to the benefit of landlords. Situated in a very desirable neighborhood within the San Fernando Valley, the location allows tenants convenient access to numerous area amenities. The Sherman Oaks Galleria and Regal Cinemas sit mere blocks from the property, while the Westfield Fashion Square is approximately one mile east of the building. Whole Foods, Gelsons, Pavilions, and Trader Joe's are all in the immediate area, while several bars and restaurants along Ventura Boulevard provide excellent dining options. The building is also conveniently located equidistant from the booming Warner Center/Woodland Hills area and the creative campuses and studios within Burbank and Glendale, which allows the property to draw residents employed at each of those major hubs.
Sherman Oaks Real Estate
The median home value in Sherman Oaks, CA is $681,800. This is higher than the county median home value of $607,000. The national median home value is $219,700. The average price of homes sold in Sherman Oaks, CA is $681,800. Approximately 34.45% of Sherman Oaks homes are owned, compared to 59.14% rented, while 6.42% 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 91403 is less family-centric than the surrounding county with 28.74% of the households containing married families with children. The county average for households married with children is 32.35%.
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