14525 Albers St - Apartments FOR SALE


Sherman Oaks, CA 91411
$2,775,000 USD
14525 Albers St, Sherman Oaks, CA for Sale
$2,775,000 USD
Apartments - FOR SALE
1/23
null | 5.5% Cap Rate

14525 Albers St
Sherman Oaks, CA 91411


HIGHLIGHTS

  • Well-located multifamily asset in a desirable Sherman Oaks neighborhood.
  • Total of two (2) attached storage garages allowing for additional income.
  • Great Access to the Sepulveda Basin Wildlife Reserve & Recreation Area!
  • Recently completed a successful Balcony/Patio upgrade in compliance with LADBS ordinance.
  • Located in an infill submarket with limited new multifamily supply.
  • Strong surrounding rental market supported by employment, lifestyle amenities, and freeway access.

OVERVIEW

The Azzi Group of Marcus & Millichap is pleased to present 14525–31 Albers St, a 12-unit multifamily investment opportunity located in the highly desirable Sherman Oaks neighborhood of Los Angeles. The offering consists of a well-located, value-add asset featuring three separate buildings on a sizable 13,500 SF lot, providing investors with strong in-place income and the ability to enhance cash flow through strategic rental increases and operational efficiencies. Built in 1955/1962, the property offers a classic low-density layout with a desirable unit mix of studios, one-bedroom, and two-bedroom units, catering to a broad tenant base in a high-demand rental submarket. The property also features a combination of surface, tuck-under, and garage parking, along with separately metered gas and electricity, supporting efficient management and expense control. 14525–31 Albers St benefits from its prime infill location in Sherman Oaks, offering tenants convenient access to major employment hubs, retail corridors, and lifestyle amenities throughout the San Fernando Valley. The property is also located near the Sepulveda Basin Recreation Area and enjoys proximity to major freeways, enhancing connectivity across Los Angeles. Sherman Oaks remains one of the Valley’s most sought-after rental markets, driven by its central location, strong tenant demand, and limited new multifamily supply—making 14525–31 Albers St a compelling investment opportunity with both stability and long-term upside.

FOR SALE DETAILS

PRICE

$2,775,000 USD

PRICE/SF

$393 USD /SF

# OF UNITS

12

PRICE/UNIT

$231,250

CAP RATE

5.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

14525-31 Albers St

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,500 SF

ZONING

LAP / LARD2

APN/PARCEL ID

2249-002-010,2249-002-011

ASK ABOUT THIS PROPERTY

Tony AzziMarcus & MillichapMore Info

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Tony AzziMarcus & MillichapMore Info

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