14065 Moorpark St - Apartments FOR SALE


Sherman Oaks, CA 91423 | 
$7,490,000 USD
818-667-6683
14065 Moorpark St, Sherman Oaks, CA for Sale
$7,490,000 USD
Apartments - FOR SALE
1/15
null | 5.13% Cap Rate

14065 Moorpark St
Sherman Oaks, CA 91423


HIGHLIGHTS

  • Scheduled rent of $657,436 grows to $804,600 at market rents of $1,895 for the singles, $2,195 for the one bedrooms and $2,695 for the two bedrooms.
  • A two-bedroom leased at $2,695 in August 2026 and a one-bedroom at $2,095 in September 2026.
  • No vacancies on the September 2026 rent roll.
  • 30 Units, One Block From Ventura Blvd. Scale in a core Sherman Oaks location, 0.45 miles from Westfield Fashion Square.
  • Circuit breakers in place of the original fuses (2015) and a new common-area water heater (2022), both city finaled.
  • A landscaped interior courtyard with a pool, an entry lobby and an on-site coin laundry.

OVERVIEW

The LAAA Team of Marcus & Millichap is pleased to present Park Seville Apartments, a 30-unit apartment community at 14065 Moorpark St in Sherman Oaks, one block north of Ventura Blvd. The two-story courtyard building was completed in 1956 and holds eleven singles, ten one bedroom and nine two bedroom units, 20,182 gross square feet on a 23,875 square foot lot. The units wrap a landscaped interior courtyard with a pool, and the building has an entry lobby, an on-site coin laundry and garage parking on the rear drive. The investment case is rent growth on turnover with the seismic work already done. Scheduled rent of $657,436 grows to $804,600 at market, about 22% upside. The Chapter 93 soft-story retrofit received its Certificate of Compliance on May 29, 2026, and the building has been updated with circuit breakers (2015) and a new common-area water heater (2022). The property is fully occupied on the September 2026 rent roll. Six units have leased since February 2026, including four two bedrooms at $2,395 to $2,695 a month, and the two bedroom market rent is the $2,695 August 2026 lease. The offering fits value-add operators and 1031 buyers looking for scale in a core Valley submarket. The property sits on Moorpark St at Hazeltine Ave, about 500 feet north of Ventura Blvd, the Valley's main dining, retail and office corridor. Westfield Fashion Square is 0.45 miles north on Riverside Dr. Walk Score rates the block 87. The Ventura Freeway (101) runs a few blocks north of the property, and its interchange with the San Diego Freeway (405) puts the Westside and downtown within reach. Sherman Oaks Hospital is 0.85 miles northwest, and Van Nuys Sherman Oaks Park is 0.66 miles away. Sherman Oaks Galleria is 1.6 miles west. Notre Dame High School and The Buckley School are each 0.8 miles away, and Harvard- Westlake is 1.7 miles southeast. Universal Studios Hollywood is 5.0 miles east and Warner Bros. Studios 5.7 miles east, anchoring the entertainment employment base that drives rental demand in Sherman Oaks. updated with circuit breakers (2015) and a new common-area water heater (2022). market rent is the $2,695 August 2026 lease. The offering fits value-add operators and 1031 buyers looking for scale in a core Valley submarket.

FOR SALE DETAILS

PRICE

$7,490,000 USD

PRICE/SF

$371 USD /SF

# OF UNITS

30

PRICE/UNIT

$249,667

CAP RATE

5.13%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

30-Unit Sherman Oaks | 22% Rent Upside

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,882 SF

ZONING

LAR3

APN/PARCEL ID

2271-013-007

ASK ABOUT THIS PROPERTY

Glen ScherMarcus & MillichapMore Info
818-667-6683

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Glen ScherMarcus & MillichapMore Info
818-667-6683

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