4553 Willis Ave - Apartments FOR SALE


Sherman Oaks, CA 91403
$5,275,000 USD
310-871-3933
4553 Willis Ave, Sherman Oaks, CA for Sale
$5,275,000 USD
Apartments - FOR SALE
1/12
null | 4.71% Cap Rate

4553 Willis Ave
Sherman Oaks, CA 91403


HIGHLIGHTS

  • Well maintained 21 unit apartment building located in a prime Sherman Oaks location.
  • Situated near Ventura Boulevard, offering easy access to a variety of dining, shopping, and entertainment destinations.
  • Tremendous rental upside. Many of the rents are well below market.
  • Tenant amenities include central air, dishwashers, elevator, controlled access, gated parking.

OVERVIEW

4553 Willis Avenue is a terrific 21 apartment building perfectly located just moments away from the bustling Ventura Boulevard which provides residents with immediate access to an array of dining, shopping, and entertainment options. The thoughtfully designed units, consisting of 1 Single + One Bath Unit, 19 One Bedroom + One Bath Units, and 1 Two Bedroom + Two Bath Unit, offer spacious layouts with amenities such as central air conditioning, dishwashers, patio/balconies, elevator, and covered parking. Moreover, with easy access to major freeways like the 101 and I-405, commuting throughout Los Angeles is a breeze, making it an ideal choice for professionals and families alike. The combination of its prime location and well-appointed units makes 4553 Willis Avenue a truly outstanding place to call home, offering a rare opportunity for comfortable, high-quality living in one of LA's most desirable neighborhoods. This is a rare opportunity for an investor to purchase a great multifamily property in a highly sought after Sherman Oaks location.

FOR SALE DETAILS

PRICE

$5,275,000 USD

PRICE/SF

$298 USD /SF

# OF UNITS

21

PRICE/UNIT

$251,190

CAP RATE

4.71%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Willis Park South Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1973

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,797 SF

ZONING

LAR3

APN/PARCEL ID

2264-017-035

ASK ABOUT THIS PROPERTY

Gary FoxMiller & Desatnik Realty Corp.More Info
310-871-3933

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Gary FoxMiller & Desatnik Realty Corp.More Info
310-871-3933

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