4303 Cedros Ave - Apartments FOR SALE


Sherman Oaks, CA 91403
$5,395,000 USD
310-666-5837
4303 Cedros Ave, Sherman Oaks, CA for Sale
$5,395,000 USD
Apartments - FOR SALE
1/16
null | 5.38% Cap Rate

4303 Cedros Ave
Sherman Oaks, CA 91403


OVERVIEW

Michael Kamara of Lyon Stahl is pleased to present 4303 Cedros Ave, a 15 unit apartment building located in Sherman Oaks, a San Fernando Valley neighborhood. Built in 1987, the property consists of (15) two-bedroom + two-bathroom units. The building is 19,584 gross square feet and sits on a 12,500 square foot lot. 4303 Cedros Ave is located on a quiet, tree-lined residential street in the heart of Sherman Oaks. Residents enjoy close proximity to popular destinations such as the Sherman Oaks Galleria and Ventura Boulevard, known for its vibrant mix of boutique shopping, acclaimed restaurants, wine bars, cafés, and everyday conveniences. Centrally positioned within the San Fernando Valley, the property offers seamless access to major transportation routes including the 101 and 405 freeways, providing an easy commute to surrounding Los Angeles neighborhoods and employment hubs. Its desirable location combines neighborhood charm with urban accessibility, making it an appealing choice for a wide range of tenants. The property currently delivers an initial CAP rate of 5.38%, with the potential to reach a 6.62% CAP rate upon unit turnover.

FOR SALE DETAILS

PRICE

$5,395,000 USD

PRICE/SF

$275 USD /SF

# OF UNITS

15

PRICE/UNIT

$359,667

CAP RATE

5.38%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cedros Plaza Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1987

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,497 SF

ZONING

RD1.5

APN/PARCEL ID

2276-013-021

ASK ABOUT THIS PROPERTY

Michael KamaraLyon Stahl Investment Real EstateMore Info
310-666-5837

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Michael KamaraLyon Stahl Investment Real EstateMore Info
310-666-5837

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