4523 Woodman ave, Sherman Oaks, CA 91423
Active
$3,850,000
4%
8 Units
14 Beds
22 Baths
9,888 Area(sq.ft.)
Lot: 8,106 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 101 | 2 | 3 | No | $ 3,200 | $ 3,200 | $ 3,500 |
| Unit 2 | 102 | 2 | 3 | No | $ 2,970 | $ 2,970 | $ 3,500 |
| Unit 3 | 103 | 2 | 3 | No | $ 3,000 | $ 3,000 | $ 3,500 |
| Unit 4 | 104 | 2 | 3 | No | $ 3,200 | $ 3,200 | $ 3,500 |
| Unit 5 | 105 | 1 | 2 | No | $ 2,860 | $ 2,860 | $ 3,000 |
| Unit 6 | 106 | 1 | 2 | No | $ 2,600 | $ 2,600 | $ 3,000 |
| Unit 7 | 107 | 2 | 3 | No | $ 3,450 | $ 3,450 | $ 3,600 |
| Unit 8 | 108 | 2 | 3 | No | $ 3,400 | $ 3,400 | $ 3,600 |
| 836 | 1461 | 2297 | $ 2,580,190 | $ 2,580,190 | $ 2,842,000 |
| MLS #: | 25504293 |
| Days On Market: | 280 |
| Listing Date: | March 1, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 389 |
| Price per unit: | $ 481,250 |
| Year Built: | 2005 |
Property Details
**NEW 2-COAT ACRYLIC COOL ROOF INSTALLED IN MAY 2025.*** Built in 2005, this exceptionally well-maintained 8-unit apartment building offers a rare investment opportunity in the highly-sought-after submarket of Sherman Oaks. Each spacious townhouse-style unit features well-appointed kitchens with granite countertops, refrigerator, range/oven, dishwasher, & microwave, soaring 10' bedroom ceilings, individual central HVAC systems, energy-efficient tankless water heaters, and in-unit washer/dryer. Perfect for 1031 exchange buyers or investors looking to expand their portfolio with a turnkey, low-maintenance property. The building is individually metered for gas and electricity. Property is exempt from SB721 (balcony inspections). Not subject to Los Angeles Rent Stabilization Ordinance (RSO), providing investors with valuable flexibility in this high-demand rental market.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Gross Operating Income: | $ 287,275 |
| Total Annual Expense: | $ 94,801 |
| Net Operating Income: | $ 192,474 |
| Gross Annual Income: | $ 296,160 |
| Cap Rate: | 5% |
| Gross Rent Multiplier: | 13.00 |
Structure
| Amenities: | Controlled Access, Gated Parking |
| Type of Units: | Apartment |
| Buildings: | 1 |
| Levels: | Multi/Split, Two |
| Security Features: | Automatic Gate, Carbon Monoxide Detector(s), Exterior Security Lights, Smoke Detector, Gated |
Land & Parking
| Zoning: | LAR3 |
| Parking Garage: | Assigned, Attached, Community Garage, Controlled Entrance, Covered Parking, Door Opener, Gated, Tandem |
| Covered Parking: | 15 |
| Total Parking: | 15 |
Interior
| AC/Cooling: | Central, Air Conditioning |
| Equipment: | Dryer, Washer, Refrigerator, Range/Oven, Garbage Disposal, Microwave, Dishwasher |
| Heating: | Central |
| Kitchen Features: | Granite Counters |
| Laundry: | In Unit |
| Laundry Equipment: | Own |
Exterior
| Pool: | No |
| Spa: | No |
Detailed Map
Schools
Find a great school for your child
Income
