4321 Saugus Ave - Apartments FOR SALE


Sherman Oaks, CA 91403
$4,000,000 USD
213-305-9026
4321 Saugus Ave, Sherman Oaks, CA for Sale
$4,000,000 USD
Apartments - FOR SALE
1/10
null | 4.3% Cap Rate

4321 Saugus Ave
Sherman Oaks, CA 91403


HIGHLIGHTS

  • A 12-unit Multifamily Opportunity located “South of the Blvd” in the highly desirable Sherman Oaks neighborhood in the Eastern San Fernando Valley
  • 4321 Saugus Avenue is situated on a large corner lot south of Ventura Boulevard and is situated in a premier Sherman Oaks location
  • All Units are oversized and feature Eight (8) One-Bed | One-Bath and Four (4) Two-Bed | One-Bath apartment homes
  • Potential exists to build Eight (8) Accessory Dwelling Units of approx. 500-550 SF each. (Buyer to Verify)
  • The property provides parking for Eleven (11) vehicles. Street Parking is always available. Soft Story Retrofit not required

OVERVIEW

KW Commercial is pleased to present 4321 Saugus Avenue, Sherman Oaks, CA 91403, a 12-unit apartment building being offered for sale that has been owned by the same family for multiple generations. 4321 Saugus Avenue is located South of Ventura Boulevard and adjacent to the 405 Freeway, considered one of SFV's most prestigious and desirable rental markets, and offers easy access to an enormous and diverse set of employers. The immediate area has historically provided investors with exceptional long-term capital appreciation and wealth preservation. 4321 Saugus Avenue, built in 1953 and comprised of 11,010 SF of improvements, features oversized apartments and an ideal unit composition of eight (6) One-Bedroom | One-Bathroom units and four (4) Two-Bedroom | Two-Bathroom units. The building resides in a quiet residential neighborhood with manicured landscaping. The offering is situated on a large Corner parcel measuring 12,557 square feet. Resident amenities include parking for 11 vehicles, a common-area laundry room, gated entry, manicured landscaping, and well-kept common areas. Sherman Oaks is one of LA's most stable and desirable suburban neighborhoods. Furthermore, the subject property offers residents access to a myriad of entertainment venues, travel corridors, and dining options in and around the surrounding neighborhoods.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$333 USD /SF

# OF UNITS

12

PRICE/UNIT

$333,333

CAP RATE

4.3%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

12 Large Units in Prime Sherman Oaks

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1953

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,554 SF

ZONING

LAR3

APN/PARCEL ID

2276-042-007

ASK ABOUT THIS PROPERTY

Rich JohnsKW CommercialMore Info
213-305-9026

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Rich JohnsKW CommercialMore Info
213-305-9026

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