4742 Sepulveda Blvd, Sherman Oaks, CA 91403
- $10,275,000
- 36
- BD
- 39
- BA
- 26,450
- SqFt
- Sold Price
- $10,275,000
- List Price
- $10,600,000
- Closing Date
- Aug 17, 2021
- MLS#
- 21-695318
- Status
- SOLD
- Type
- Multifamily
- Bedrooms
- 36
- Bathrooms
- 39
- Living Area
- 26,450
Property Description
4742 Sepulveda Boulevard, a 19-unit turnkey property that can be delivered with two ADU's ready to rent. Constructed in 2014, this well-maintained trophy asset offers ease of management with 100% rent collection throughout COVID and a 4% cash on cash return starting on day one. Situated just north of Ventura Boulevard, the subject property is located near numerous offices, crowd-favorite restaurants and shopping centers. The 26,450 SF four-story building sits on a 15,276 SF lot, and is comprised of (18) two-bedroom units and (3) studios. The two-bedroom units average approx. 1,200 SF and studio units average approx. 620 SF. Each condo-quality unit features wood/tile flooring, stainless steel appliances, granite countertops, washer/dryer and balcony (only for two-bedrooms). Property amenities include secured entry, elevator, several well-maintained community courtyards, spacious rooftop deck with panoramic views of the San Fernando Valley and approx. 36 parking spots in a gated subterranean garage. With strong in-place tenant profiles and a Class-A location in the heart of the San Fernando Valley, 4742 Sepulveda Boulevard presents the perfect long-term opportunity for any type of investor. Property is subject to LA Rent Stabilization Ordinance.
Additional Information
- Year Built
- 2014
- Garage
- Subterranean, Gated
Mortgage Calculator
Courtesy of Compass, Max Berger. Selling Office: .
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