Description​​​

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Two 6 unit sister buildings in a fantastic location in Sherman Oaks, around the corner from the Whole Foods on Riverside Dr & Coldwater Canyon. The total SF for both buildings is 11,062 SF on a 13,500 SF lot (2 APNs).

 

Great Unit Mix of 6 (1Br + 1Ba) units and 6 (2Br + 1Ba) units. Trophy property with appx 58% upside in rents. Many major upgrades such as a new roof for building 4850, extensive electrical upgrades, and much more. Units are very spacious, and 2nd story apartments have vaulted ceilings. No soft story retrofitting needed. Incredibly rare opportunity!

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Location

Quiet, mostly residential neighborhood on the border of Sherman Oaks and Studio City.  Sherman Oaks is one of the most loved neighborhoods in the San Fernando Valley - bordered by freeways, shopping malls, and the busy Ventura Blvd the areas main commercial strip filled with cafes, shops, fitness studios, grocery stores, wine bars, and more. Most recently the new shopping center the Sportmen's Lodge Shops opened up on Ventura Blvd which is home to Erewhon, Equinox, Sugarfish, and Tocaya.