13558 Moorpark St - Apartments FOR SALE


Sherman Oaks, CA 91423
$3,600,000 USD
310-470-8963
13558 Moorpark St, Sherman Oaks, CA for Sale
$3,600,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

13558 Moorpark St
Sherman Oaks, CA 91423


HIGHLIGHTS

  • OPEN HOUSE: Thursday, February 5th | 11:00 AM - 2:00 PM
  • Beautifully renovated, contemporary exterior and unit interiors with great curb appeal
  • Rare opportunity to buy in incredible Sherman Oaks location, walking distance to Ventura Boulevard, the main shopping and dining hub of the valley
  • Minutes from Westfield Fashion Square, The Shops at Sportsmen’s Lodge, and Sherman Oaks Galleria
  • Value-add opportunity with in-place rents averaging $2,185 and market rents over $2,700
  • Soft-story work completed in March 2019; SB-721 elevated element inspection completed May 2024 (no emergency work required)

OVERVIEW

OPEN HOUSE: Thursday, February 5th | 11:00 AM - 2:00 PM Property website with OM: https://properties.berkadia.com/13558-moorpark-apartments-489058/ We are excited to exclusively offer for sale, 13558 Moorpark Street, a 10-unit apartment community in a prime Sherman Oaks location, walking distance to Ventura Boulevard. The courtyard-style community features a beautifully renovated, contemporary exterior and renovated one-, two-, and three-bedroom apartments (7 out of 10). Units are bright with oversized windows, wood-style plank flooring, kitchens with quartz counters and stainless-steel appliances and a separate dining area. The community has on-site laundry, 11 gated side-by-side parking spaces and a quiet interior courtyard. Built in 1963, the property offers rental upside: 4.8% current cap; 6.4% market cap. The SB-721 elevated element inspection was completed May 2024 (no emergency work required). The incredible Sherman Oaks location is walking distance to Ventura Boulevard, the main shopping and dining hub of the valley, as well as Dixie Canyon Community Charter School (A- on Niche.com). The property is also minutes from Westfield Fashion Square, The Shops at Sportsmen’s Lodge, and Sherman Oaks Galleria. Strong area demographics include: Average household income of over $192.1k and Average home value of over $1.82M (one-mile radius).

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$442 USD /SF

# OF UNITS

10

PRICE/UNIT

$360,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

10u Prime Sherman Oaks | Walk to Ventura Blvd

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,345 SF

ZONING

R3-1, Los Angeles

APN/PARCEL ID

2360-007-001

ASK ABOUT THIS PROPERTY

Adrienne BarrBerkadiaMore Info
310-470-8963

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Adrienne BarrBerkadiaMore Info
310-470-8963

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