
Closed Listing
21 Unit Trophy Asset by Sherman Oaks Galleria
4742 sepulveda blvd
sold in
Sherman Oaks
Sold At
$
10,275,000
21
Number of Units
2014
Year Built
26,450
SF
Square Footage
15,176 SF
SF
Lot Size
LAR3
Zoning
4742 Sepulveda Blvd, Sherman Oaks, CA 91403
About the Property
4742 Sepulveda Blvd, 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.
21
Number of Units
2014
Year Built
26,450
SF
Square Footage
15,176 SF
SF
Lot Size
LAR3
Zoning
Detailed Brochure on Real Estate Opportunities
Price P/ Unit
$489,286
Price p/ Sq. ft.
$417
Proforma Cap Rate
3.97%




Contact
Sales agent
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