Active
$3,900,000
3%
12 Units
16 Beds
16 Baths
11,010 Area(sq.ft.)
Lot: 12,559 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 4 | 2 | 1 | No | $ 2,046 | $ 8,185 | $ 13,000 |
| Unit 2 | 8 | 1 | 1 | No | $ 1,728 | $ 13,821 | $ 21,200 |
| 12 | 16 | 12 | $ 22,008 | $ 143,308 | $ 221,600 |
| MLS #: | 25532977 |
| Days On Market: | 219 |
| Listing Date: | May 1, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 354 |
| Price per unit: | $ 325,000 |
| Year Built: | 1953 |
Property Details
4321 Saugus Avenue is 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.Interested in this Listing?
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Income Details
| Gross Operating Income: | $ 262,025 |
| Total Annual Expense: | $ 90,626 |
| Net Operating Income: | $ 171,398 |
| Gross Annual Income: | $ 267,372 |
| Cap Rate: | 4.4% |
| Gross Rent Multiplier: | 14.00 |
Structure
| Type of Units: | Apartments |
| Buildings: | 1 |
| Levels: | Two |
Land & Parking
| Zoning: | LAR3 |
| Parking Garage: | Carport, Carport Detached |
| Total Parking: | 11 |
Interior
| AC/Cooling: | Other |
| Equipment: | Other |
| Heating: | Other |
Exterior
Detailed Map
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Income
