5707 Tilden Ave, Sherman Oaks, CA 91401
5707 Tilden Ave, Sherman Oaks, CA 91401
5707 Tilden Ave, Sherman Oaks, CA 91401
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$1,595,000
Est. payment /mo
8 Beds
6 Baths
4,618 SqFt
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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,618 sqft

Price per Sqft $345

MLS Listing ID 25569175

Bedrooms 8

Year Built 1952

Lot Size 6,750 Sqft

Acres 0.155

Property Sub-Type Multi-Family

Property Description

With its high in-place CAP Rate of 6.58%, the property is one of the most attractively priced listings within one of the most desirable neighborhoods of Los Angeles.Because the property does not appear on the Los Angeles Department of Building & Safety's seismic retrofit list, a new owner benefits by saving on an otherwise costly expense (Buyer to verify). Expenses are reduced even further by the fact that trash service is provided by the City of Los Angeles at no cost to the landlord. A substantial revenue stream is generated by the property's storage units, which currently provide an additional $1,000 monthly beyond the apartment rental income collected.Located near the intersection of Van Nuys Boulevard and Burbank Boulevard, the building attracts residents with its convenient access to the amenities within Sherman Oaks, Studio City, Encino, and Valley Village. Costco and Target are each within a short driving distance, while the Westfield Fashion Square is just 1.7 miles away, with the high-end boutiques.

Location

State CA

County Los Angeles

Area Sherman Oaks

Zoning LARD1.5

Rooms

Other Rooms None

Interior

Heating Other

Cooling Multi/Zone

Equipment None

Exterior

Parking Features Assigned

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard


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TheMLS (CLAW)
Listed by Marcus & Millichap

Nearby Locations

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Ever Banuelos
Ever Banuelos

Team Leader | License ID: 01945384

+1(323) 833-9824 | ever.banuelos@gmail.com

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