4916 Hazeltine Ave Sherman Oaks, CA 91423
Sale
$2,500,000
8 Units
14 Beds
10 Baths
7,068 Area(sq.ft.)
7,911 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 4 | 1 | 1 | No | $ 1,767 | $ 6,160 | $ 2,095 |
| Unit 2 | 2 | 2 | 1 | No | $ 2,295 | $ 3,395 | $ 2,495 |
| Unit 3 | 2 | 3 | 2 | No | $ 2,911 | $ 5,776 | $ 3,315 |
| 3 | 8 | 14 | 10 | $ 17,480 | $ 42,982 | $ 20,000 |
| MLS #: | 24-373617 |
| Days On Market: | 8 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 354 |
| Price per unit: | $ 312,500 |
| Year Built: | 1958 |
Property Details
4916 Hazeltine Ave, in the highly sought-after neighborhood of Sherman Oaks, presents a fantastic income opportunity with its 100% occupied, eight-unit building. With its ASSUMABLE FINANCING AT 3.51%, spacious 7,068 square footage building situated on a generous 7,908 square foot lot, this investment offers both size and potential. The prime Sherman Oaks location further enhances its appeal, providing easy access to all the amenities and attractions the area offers. Featuring a well-balanced apartment mix, including (2) three-bedroom units, (2) two-bedroom units, and (4) one-bedroom units, this property caters to a diverse range of tenants, ensuring stable and consistent rental income. Sherman Oaks is renowned for its tranquil suburban atmosphere, making it an ideal setting. The neighborhood's proximity to major studios further adds to its allure, attracting residents working in the thriving movie and TV industry. Residents of Sherman Oaks benefit from an array of upscale shopping options, including the nearby Westfield Mall and Sherman Oaks Galleria, along with a variety of local restaurants and boutiques. Outdoor enthusiasts will appreciate the abundance of parks, including the popular Van Nuys-Sherman Oaks Park, providing ample opportunities for leisure and recreation. Convenient access to major transportation lines such as the 101 and 405 freeways ensures seamless connectivity to surrounding areas, further enhancing its desirability as a place to live. Overall, 4916 Hazeltine Ave presents an enticing opportunity for investors looking to capitalize on the stability and potential of the Sherman Oaks real estate market.Interested in this Listing?
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Income Details
| Rent Control: | Yes |
| Gross Operating Income: | $ 179,390 |
| Total Annual Expense: | $ 51,688 |
| Net Operating Income: | $ 127,701 |
| Gross Annual Income: | $ 179,390 |
| Cap Rate: | 5.1% |
| Gross Rent Multiplier: | 13.52 |
| Actual Gross Rent: | $ 184,909 |
| Actual Gross Income: | $ 184,909 |
Structure
| Type of Units: | Apartments |
| Buildings: | 1 |
| Levels: | Two |
| Style: | Traditional |
Land & Parking
| Zoning: | LAR3 |
| Parking Garage: | Carport Attached |
Interior
| AC/Cooling: | Window Unit(s) |
| Equipment: | Garbage Disposal, Range/Oven, Refrigerator |
| Heating: | Wall |
| Laundry: | Community |
| Laundry Equipment: | Lease |
Exterior
| Pool: | No |
| Spa: | No |
Detailed Map
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