Overview

Description

The subject property is a professionally managed twenty three unit apartment building in a prime Sherman Oaks location. Built in 1951, the property is subject to rent control. There is an attractive unit mix of six, one-bedroom/one-bath units, seven, two-bedroom/two-bath units, nine, three-bedroom/two-bath units and one, three-bedroom/two-bath townhouse unit.

Located just North of Milbank Street, this desirable location offers residents easy access to the endless shopping, dining and entertainment options of Ventura Boulevard. The property is also walking distance to the newly improved Ralph’s shopping center as well and the Westfield Fashion Square on Riverside Drive. Overall, this location provides residents all the conveniences they need as well as quick freeway access to 101, 405 and 170 Freeways.

In addition to the great location, the property has an array of amenities to further attract residents to the property. Included is a pool, controlled access entry, gated parking and an on-site laundry facility. The units are spacious with large closets, ceiling fans, wood-inspired and carpeted flooring and wall unit air conditioning and heat.

Investors should see this as a rare opportunity to own a nicely renovated property within a couple blocks of Ventura Boulevard, upside in rents and an excellent unit mix.

Highlights

• Prime Sherman Oaks Location
• Just North of Ventura Boulevard
• Excellent Unit Mix of One, Two and Three Bedroom Units
• Upside In Rents
• Pool, Gated Parking, Controlled Access Entry
• Nicely Renovated Exterior

Documents

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