13520 Rye St - Apartments FOR SALE


Sherman Oaks, CA 91423
$1,875,000 USD
626-657-7575
13520 Rye St, Sherman Oaks, CA for Sale
$1,875,000 USD
Apartments - FOR SALE
1/12
null | 5.05% Cap Rate

13520 Rye St
Sherman Oaks, CA 91423


HIGHLIGHTS

  • Six-unit apartment property in Sherman Oaks.
  • Unit mix includes one three-bedroom residence and five one-bedroom residences.
  • Individual gas and electric meters support operational efficiency.
  • On-site washer and dryer facilities available for residents.
  • Located near Ventura Boulevard dining, shopping, and services.
  • Several units have been upgraded while maintaining occupancy appeal.

OVERVIEW

13520 Rye Street presents the opportunity to acquire a six-unit multifamily asset in Sherman Oaks, one of the San Fernando Valley's most established residential neighborhoods. The property consists of one three-bedroom, two-bathroom unit and five one-bedroom, one-bathroom units, providing a balanced unit mix that appeals to a broad tenant base. The asset benefits from individual gas and electric metering, on-site laundry facilities, and a history of unit upgrades that support ongoing operational efficiency. Positioned just north of Ventura Boulevard, the property offers convenient access to a wide variety of dining, retail, entertainment, and everyday services. Sherman Oaks continues to attract residents seeking proximity to major employment centers throughout Los Angeles while maintaining neighborhood-oriented amenities and walkability. The location also benefits from access to regional transportation corridors serving the San Fernando Valley and surrounding markets. The current rent structure provides immediate income generation, while the pro forma analysis reflects potential revenue growth through continued leasing and management strategies. With six parking spaces, a well-established residential setting, and a unit configuration designed for long-term renter demand, the property offers investors a combination of in-place cash flow and future upside potential. The property's manageable scale, utility configuration, and desirable Sherman Oaks location contribute to its appeal for both private and professional multifamily investors seeking an asset within a supply-constrained Southern California market.

FOR SALE DETAILS

PRICE

$1,875,000 USD

PRICE/SF

$375 USD /SF

# OF UNITS

6

PRICE/UNIT

$312,500

CAP RATE

5.05%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

R3, Sherman Oaks

APN/PARCEL ID

2360-014-009

ASK ABOUT THIS PROPERTY

Jack BaboudjianBaboudjian Properties, Inc.More Info
626-657-7575

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Jack BaboudjianBaboudjian Properties, Inc.More Info
626-657-7575

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.