Active
$2,950,000
8 Units
10 Beds
10 Baths
4,301 Area(sq.ft.)
Lot: 6,078 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 6 | studio | 1 | No | $ 2,152 | $ 12,911 | $ 13,800 |
| Unit 2 | 2 | 2 | 2 | No | $ 3,700 | $ 7,400 | $ 7,400 |
| 8 | 4 | 10 | $ 20,312 | $ 92,266 | $ 97,600 |
| MLS #: | 25517057 |
| Days On Market: | 255 |
| Listing Date: | March 26, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 686 |
| Price per unit: | $ 368,750 |
| Year Built: | 1953 |
Property Details
We are pleased to present 13804-13808 Moorpark St., a fully renovated, turnkey eight-unit multifamily property in the heart of Sherman Oaks. Ideally situated near Woodman Avenue and Moorpark Street, it's just one block from Ventura Boulevard's top shopping, dining, and nightlife.Seven of the eight units are currently vacant, fully renovated, and rent-ready, giving buyers the option to close escrow with vacancies or have the seller lease them beforehand. This exibility appeals to both traditional investors and mission-driven buyers, such as nonprots seeking move-in-ready housing.Over the past three years, the sellers have invested approximately $1,000,000 into the property, including a ground-up development of two, two-bed ADUs over the parking lot and a full renovation of the original six-unit building. Situated on a prime corner lot, the property features eight dedicated parking spaces and a fenced-in side yard, perfect for a BBQ area or dog walk. Each unit is separately metered for gas and electricity, with two water metersone for each buildingallowing for an easy implementation of a RUBS utility reimbursement system upon lease-up.The newly constructed ADU building, completed in 2025, consists of two spacious two-bed, two-bath units, each with a den/ofce and high-end nishes, nine-foot ceilings, and in-unit laundry. All work has been completed, and the certicate of occupancy is anticipated by June 2025, providing a fully move-in-ready asset at delivery.The original six-unit building, built in 1953 and renovated between 2023-2025, consists entirely of studio units. Five have been fully upgraded and are currently vacant, while one longer-term tenant remains in place. Each renovated unit features a separate kitchen and sleeping area, new copper plumbing, electrical systems, cabinetry, ooring, appliances, and in-unit washer/dryersan uncommon feature for Sherman Oaks studios, boosting rental appeal.This property presents an excellent investment opportunity, providing buyers with the rare chance to acquire a fully renovated, primarily vacant asset in prime Sherman Oaks. It is suitable for both investors seeking immediate high rental income potential and nonprots requiring housing for their organizational needs. The property offers substantial rental potential, long-term value, and strategic adaptability.Interested in this Listing?
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Income Details
| Vacancy Rate: | 87% |
| Gross Operating Income: | $ 236,420 |
| Total Annual Expense: | $ 67,052 |
| Net Operating Income: | $ 169,368 |
| Gross Annual Income: | $ 243,732 |
| Cap Rate: | 5.74% |
| Gross Rent Multiplier: | 12.10 |
Structure
| Type of Units: | Market |
| Buildings: | 2 |
| Levels: | Multi/Split |
Land & Parking
| Zoning: | LAR3 |
| Parking Garage: | Covered Parking |
Interior
| AC/Cooling: | Central, Wall Unit(s) |
| Equipment: | Washer, Dryer |
| Heating: | Central, Wall |
| Laundry: | In Unit |
Exterior
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