Property Details

Price $10,600,000

Year Built 2014

# of Units 21

Price P/ Unit $504,762

Sq. ft. 26,450 SF

Price p/ Sq. ft. $401

Current Cap Rate 3.76%

Proforma Cap Rate 4.45%

Lot Size 15,176 SF

Zoning LAR3

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4742 Sepulveda Boulevard
Sherman Oaks, CA 91403

About the Property

Kenny Stevens Team is pleased to present 4742 Sepulveda Boulevard, a 21-unit turnkey property located across the street from the Sherman Oaks Galleria. Constructed in 2014, this well-maintained trophy asset offers ease of management and rent collection has been consistent throughout COVID. 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 36 parking spots in a gated subterranean garage.

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