14310 Tiara St - Apartments FOR SALE


Sherman Oaks, CA 91401
$1,620,000 USD
818-219-6146
14310 Tiara St, Sherman Oaks, CA for Sale
$1,620,000 USD
Apartments - FOR SALE
1/11
null | 5.74% Cap Rate

14310 Tiara St
Sherman Oaks, CA 91401


HIGHLIGHTS

  • Rare 10.99 GRM in Desirable Sherman Oaks
  • All Seismic Retrofit Repairs Completed (Buyer to Verify)
  • Attractive GRM, CAP Rate, Price per Unit, and Price per Square Foot Relative to Similar Recent Closings
  • High Barrier to Homeownership – Median Home Value in Sherman Oaks is $1,215,058, Forcing More Residents into Apartment Rentals
  • Premium Rental Demographics – Median Rents 27% Higher than Rest of Los Angeles County
  • Short Drive to Target, Costco, and Westfield Fashion Square

OVERVIEW

Marcus & Millichap is pleased to announce the opportunity to purchase 14310 Tiara Street, a seven- unit multifamily property in prestigious Sherman Oaks, CA. With its low in-place GRM of 10.99, the property is one of the most attractively priced listings within one of the most desirable neighborhoods of Los Angeles. All seismic retrofit repairs have already been completed by the current owner, allowing a new investor to benefit by saving on an otherwise costly expense (Buyer to verify). Located near the intersection of Van Nuys Boulevard and Burbank Boulevard, the building attracts residents with its convenient access to the amenities within Sherman Oaks, Studio City, Encino, and Valley Village. Costco and Target are each within a short driving distance, while the Westfield Fashion Square is just 1.7 miles away, with the high-end boutiques and fine dining destinations along Ventura Boulevard less than two miles south. Mass transit is available nearby, notably from the Metro G (Orange) line just two blocks away.

FOR SALE DETAILS

PRICE

$1,620,000 USD

PRICE/SF

$416 USD /SF

# OF UNITS

7

PRICE/UNIT

$231,429

CAP RATE

5.74%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

10.99 GRM in Sherman Oaks | Seismic Completed

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,750 SF

ZONING

RD2

APN/PARCEL ID

2245-016-010

ASK ABOUT THIS PROPERTY

Rick RaymundoMarcus and MillichapMore Info
818-219-6146

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Rick RaymundoMarcus and MillichapMore Info
818-219-6146

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