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Nacha Subramanian
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nacharealestate.com
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Oak Park CA Real Estate & Commercial for Sale


Showing Homes Nearby Oak Park, CA
Beds:
n/a
Baths:
Sq.Ft.:
6,847
Status:
Active
MLS#:
CRSR23229594
Type:
Business Opportunities
Lot size:
0.17 Acres
Year built:
1963
A broker reciprocity listing Courtesy: Peter Leissos - California Capital Mortgage Peter Leissos californiacapital@sbcglobal.net
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Exceptional Opportunity: Established Auto Collision Center in the San Fernando Valley. We are thrilled to offer a remarkable business and property opportunity in the rapidly expanding auto collision industry. Situated in the heart of the San Fernando Valley, this Auto Collision Center stands out for its capacity to handle a high volume of clients and is primed for a driven new owner to take the helm. Key Highlights: -Strategic Location: Centrally positioned in the bustling San Fernando Valley. -Unique Design: Features an innovative parking structure with a ramp leading to a second-level rooftop, providing rare additional parking space for 30-40 vehicles. -Expansive Facilities: Encompasses a 7,500 sqft lot, with 6,847 sqft of indoor workspace and 6,700 sqft of outdoor workspace and parking. -Turnkey Operation: Fully equipped with a furnished office, customer waiting area, restrooms, autobody repair equipment, advanced painting system, filtration, and a security camera monitoring system. Specialized Equipment Included: Grandfathered CMC Mirage Spray Booth: Licensed and permitted, this heated downdraft paint booth ensures consistent spraying and drying times year-round, optimizing airflow to control overspray and contamination. Ventilated Paint Mixing Room: Outfitted with a top-tier

Beds:
n/a
Baths:
Sq.Ft.:
5,108
Status:
Active
MLS#:
CL24387885
Type:
Business Opportunities
Lot size:
0.18 Acres
Year built:
1954
A broker reciprocity listing Courtesy: Daniel Withers - Matthews Real Estate Investment Services Daniel Withers daniel.withers@matthews.com
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7260 Canby Avenue is a 6-unit, apartment building located in Reseda, CA. Built in 1954, the property consists of two one-bedroom, one-bathroom and four two-bedroom, one- bathroom units. Recent improvements include a new pitched-roof, copper plumbing, and new windows. Additionally, all units have been upgraded with new flooring. Located in the heart of the San Fernando Valley, the property is situated just off Reseda Boulevard and Sherman Way providing proximity to shopping, restaurants, coffee shops, and entertainment. Additionally, the building is near Dignity Health Northridge Hospital Media Center which employs over 1,600 professionals.

Beds:
n/a
Baths:
Sq.Ft.:
38,234
Status:
Active
MLS#:
CL24382149
Type:
Business Opportunities
Lot size:
1.12 Acres
Year built:
1964
A broker reciprocity listing Courtesy: Robert Renshaw - REMAX COMMERCIAL & INVESTMENT REALTY Robert Renshaw rob@taksainvestment.com
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We are pleased to present the opportunity to purchase a stable, professionally managed 48-unit multifamily asset in the heart of the San Fernando Valley with significant future upside potential. Casa Etiwanda is located at 8523 Etiwanda Avenue in Northridge, CA about 25 miles northwest of downtown Los Angeles. This suburban neighborhood has a population of nearly 62,000 with a strong employment base that creates consistent demand for quality rental housing. Casa Etiwanda offers studio, 1-bedroom and 2-bedroom layouts providing plenty of options for a wide range of renters. The (31) 2-bedroom, 1-bathroom units, (16) 1-bedroom, 1-bathroom units and (1) studio unit contain features such as laminate flooring, granite counters, window/wall-mounted HVAC and dishwashers. The property also has on-site parking for 47 vehicles as well as laundry facilities, a barbecue area, a gym and a swimming pool. The soft story retrofit has recently been completed. Spread across 1.1 acres, Casa Etiwanda provides tenants with plenty of green space and mature landscaping. All areas of the property including the main building, rear building and parking lots are secured and accessible only to tenants. Guests are provided access via a central intercom system that rings tenants directly from the front entran

Beds:
n/a
Baths:
Sq.Ft.:
1,710
Status:
Active
MLS#:
CRV1-19039
Type:
Office, Business Opportunities
Year built:
1952
A broker reciprocity listing Courtesy: Austin Reimers - Summer Hollis, Broker Austin Reimers austinreimersrealtor@gmail.com
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PROPERTY IS BACK ON MARKET - BUYER DID NOT PERFORM. Bring offers subject to cancellation of current escrow. Welcome to your new business venture! This prime commercial property is located in the bustling neighborhood of Northridge, CA, with many restaurants surrounding the area and in a sweet spot of residential and business spaces. With its high visibility and heavy foot traffic, this property is the perfect place for an owner/tenant office play.The property features 1710 square feet of building space and an impressive 6078 square feet of lot, providing ample room for a variety of commercial uses. Additionally, the property comes with several parking spaces, ensuring that your customers will always have a convenient place to park. For developers, the lot is zoned LAM1 which allows for 10 units by right. If a residential development does not work, then a NNN commercial development would be perfect for an investor looking for a low risk investment - an excellent opportunity to generate passive income. Potentially providing a steady stream of cash flow from day one. Whether you're starting a new business or developing the property, this property offers endless possibilities. It's suitable for a wide range of businesses, including office, retail, manufacture, residential, or other c

Beds:
n/a
Baths:
Sq.Ft.:
4,800
Status:
Active
MLS#:
CL24369343
Type:
Business Opportunities
Lot size:
0.17 Acres
Year built:
1958
A broker reciprocity listing Courtesy: Filip Niculete - Marcus & Millichap Filip Niculete info@laaa.com
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We are pleased to present 18018 Schoenborn St, a 6 unit multifamily property in Northridge, CA. Built in 1958, this 4,800 square foot property sits on a 7,320 square foot lot (0.17 acres), and it boasts a strong unit mix with (4) 2 bed / 1 bath units and (2) 1 bed / 1 bath units. The property offers parking at the rear alley of the lot with 6 gated carport parking spots, 1 spot per unit. This listing provides an investor a great value-add opportunity. The current mom-and-pop owner, who's owned this property for more than 30 years, has never tried to maximize rents on the property, opting for a more relaxed approach towards the tenants to avoid management headaches. This provides the buyer an opportunity to capture this nearly 40% upside potential in rents. Also, a savvy investor could consider adding an ADU to this property where the parking is in the back alley. 18018 Schoenborn is located in a safe, family friendly neighborhood, directly across the street from Northridge Middle School and minutes from Northridge Hospital Medical Center. It's just a short drive away from California State University, Northridge (CSUN) and the Northridge Fashion Center. The property offers a great place to live for tenants who commute to work with easy access to major freeways, including the 405 a

Beds:
n/a
Baths:
Sq.Ft.:
4,800
Status:
Active
MLS#:
CRSR24027556
Type:
Office, Business Opportunities
Lot size:
0.2 Acres
Year built:
1951
A broker reciprocity listing Courtesy: James Antonucci - Keller Williams Realty-Studio City James Antonucci james@aplagroup.com
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17725 Rhoda Street in Encino, CA. Great Encino Location!!! This office building is on a residential street north of 101 Freeway off White Oaks Ave just south of Oxnard Street. The property is comprised of 3,576 sq. ft. of office space and 1,224 Warehouse space for a total of 4,800 sq. ft. There are 6 offices individual offices, four of which are vacant, that would allow for an Owner/User Opportunities and possible SBA loan. There is limited on-site parking, but ample street parking is available. The current tenant occupies 2 offices and the warehouse for approximately (661 + 1224, a total of 1,885) with a lease expiration in January of 2026 with an extension until 2029.

Beds:
n/a
Baths:
Sq.Ft.:
4,962
Status:
NEW LISTING
MLS#:
CRSR24089774
Type:
Business Opportunities
Lot size:
0.17 Acres
Year built:
1959
A broker reciprocity listing Courtesy: Norma Caviedes-Ochoa - Century 21 Peak Norma Caviedes-Ochoa Normahomes@yahoo.com
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Excellent Investment property!!Multifamily 6 units building, located in a great area of Northridge, close to everything. Endless possibilities. Live in one and rent the others. Family friendly neighborhood. Minutes away from California State University (CSUN), steps to Northridge Middle School, walking distance to Northridge Hospital Medical Center, minutes away to Northridge Mall. Easy access to bus and major freeways. Don't miss out on this great opportunity!!

Beds:
n/a
Baths:
Sq.Ft.:
1,677
Status:
Active
MLS#:
CRV1-22923
Type:
Mixed Use, Business Opportunities
A broker reciprocity listing Courtesy: Rebeca Elliott - Comfort Real Estate Services Inc. Rebeca Elliott rebeca@rebecarealtor.com
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- so bring your imagination and settle in on a wonderful neighborhood in Old Town Camarillo - convenient to AMTRAK, Camarillo Airport, 101 and 118 freeways; Build living space upstairs and create your own professional space on the main street level.

Beds:
n/a
Baths:
Sq.Ft.:
10,000
Status:
Active
MLS#:
CL24348333
Type:
Business Opportunities
Lot size:
0.85 Acres
Year built:
1965
A broker reciprocity listing Courtesy: Jacqueline Moeller - Kidder Mathews of California, Inc. Jacqueline Moeller jackie.moeller@kidder.com
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2167 Pickwick Drive is a 10,000 SF building situated on just under an acre of land (37,051 SF). This building features 4 retail suites with one vacancy of 2,000 SF, two of the tenant leases expire in 2026 and the restaurant has a lease until 2032. This building is ideal for an owner-user buyer looking to occupy the vacant 2,000 SF such as a medical related tenant or retail user, who could benefit from the supplemental income stream from these long-term tenants and the parking ratio over 5 spaces per 1,000 SF. 2101 Pickwick Drive is also available for sale, contact listing agents for bulk discount details.

Beds:
n/a
Baths:
Sq.Ft.:
24,187
Status:
Active
MLS#:
CL24361715
Type:
Business Opportunities
Lot size:
0.25 Acres
Year built:
2018
A broker reciprocity listing Courtesy: Adrienne Barr - Berkadia Adrienne Barr adrienne.barr@berkadia.com
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PRICED REDUCED by $550K! *2018 construction; 23 luxury apartments with destination retail *Desirable location in the heart of "Old Town" Camarillo; 88 Walkscore *Significant Rental Upside: Over $500/unit/month *Priced below replacement cost at $511 per square foot *Minutes to Camarillo Premium Outlets; Convenient freeway/metro access *High barrier-to-entry market with limited new supply *All Parcel Numbers: 162-0-104-010; 162-0-135-050; 162-0-135-060 *Rents shown are averages for one 1 and 2 bedroom floorplan, see rent roll for full unit breakdown *See Agent Remarks/Showing Information for Property Website to access Offering Memorandum, Rent Roll, Retail Leases, etc. and Tour Dates.

Beds:
n/a
Baths:
Sq.Ft.:
2,173
Status:
Active
MLS#:
CRV1-21336
Type:
Office, Business Opportunities
Year built:
2002
A broker reciprocity listing Courtesy: Jim Cox - Keller Williams West Ventura County Jim Cox jimcoxc21@aol.com
View additional info

Great Newer Building in Old Town Camarillo

Beds:
n/a
Baths:
Sq.Ft.:
18,602
Status:
Active
MLS#:
CRSR24065407
Type:
Business Opportunities
Lot size:
0.49 Acres
Year built:
1962
A broker reciprocity listing Courtesy: Anthony Friedman - Friedman Realty & Investments Inc Anthony Friedman friedmanre@yahoo.com
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24 Units Garden Style Two Story Multifamily Complex in West Van Nuys Area. Property Consist Of 7-2Br.+1Ba. 17-1 Br.+ 1 Ba. 21,133 Sq. Ft Lot, 18,602 Sq. Ft. Rental Space, Pool, On-Site Laundry, Private Balconies, Separate Miters, 24 Gated Parking Spaces w/New Sliding Gate Motor, Four Years Old Roof w/15 Years Warranty, Brand New Pool Equipment and Brand-New Metal Pool Child Proof Fence, Some Units Recently Remodeled, Property Fully Occupied. Rents Below Market Rate with Great Upside Opportunity. Convenient Corner Location with Easy Connectivity to 405/101/118 Fwys. Additional Street Parking, Good Neiborhood Schools. Bread and Butter Investment......

Beds:
n/a
Baths:
Sq.Ft.:
12,568
Status:
Active
MLS#:
CL24345901
Type:
Business Opportunities
Lot size:
0.32 Acres
Year built:
1963
A broker reciprocity listing Courtesy: Roderick 'Rick' Raymundo - Marcus & Millichap Roderick 'Rick' Raymundo Rick.Raymundo@MarcusMillichap.com
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Featuring spacious floorplans and a unit mix that contains nearly all two- and three-bedroom apartments, the property spans 12,568 gross square feet. The building occupies a corner lot near the intersection of Sherman Way and Haskell Avenue. The current owner has installed full copper plumbing, replaced nearly every window in the building, and upgraded the main electric panel. A new investor may be able to use existing permits to complete two ADUs, which may also remove the need for any seismic retrofit repairs (Buyer to verify). Every unit interior has been renovated with decorative tile flooring, granite countertops, and remodeled bathrooms. The city of Van Nuys and the Northeast San Fernando Valley posted a vacancy rate of less than three percent in the second quarter of 2023. Aside from the dense New York City boroughs, this vacancy rate sits among to lowest in the entire country among submarkets that contain at least 60,000 units. With relatively few new residential projects slated for the next two years, it is expected that these strong occupancy rates will remain, to the benefit of local landlords.

Beds:
n/a
Baths:
Sq.Ft.:
4,620
Status:
Active
MLS#:
CL24376737
Type:
Business Opportunities
Lot size:
0.17 Acres
Year built:
1924
A broker reciprocity listing Courtesy: Davis Saadian - Carolwood Estates Davis Saadian davis@saadiangroup.com
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We are pleased to offer for sale this six (6) unit multifamily investment opportunity located in the prestigious and sought-after neighborhood within the Pacific Palisades, perfectly perched between the ocean bluffs and Palisades Village. This beautiful Spanish architecture, consisting of two separate structures, was constructed of wood frame and stucco on a raised foundation built in 1924 with a square footage of 4,620 on a 7,500-square foot lot. The building has been reinforced and upgraded in compliance with the latest city codes and regulations, and is comprised of a remarkable unit mix, consisting of three (3) 1+1 units, two (2) studio units, and one (1) 2+1 unit (legal 1+1 unit). Three (3) units will be delivered vacant, and two (2) of the 6 units are not subject to City of Los Angeles rent control regulations. The investment boasts spacious floor plans, in-unit washer & dryers for the four front units, four (4) on-site private garages, five tankless water heaters, private balconies for the two front upstairs units, recently painted, and individually metered for gas and electricity. Approximately $165,000 was put into capital improvements updating and remodeling three of the units extensively. New sewer line, new roof, updated copper plumbing, new carpeting, HVAC, and refin

Beds:
n/a
Baths:
Sq.Ft.:
32,775
Status:
Active
MLS#:
CRV1-19038
Type:
Business Opportunities
A broker reciprocity listing Courtesy: Ray Galvez - RE/MAX Gold Coast REALTORS Ray Galvez raygalvez@yahoo.com
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This is a very rare opportunity to own one of the few remaining commercial lots along the 126 HWY corridor. The lot is strategically located next to a restaurant, gas station, across from a church and near several grocery stores. The property consist of two separate parcels, one facing the 126 HWY and the other next to a large apartment complex. Check with the city for your intended use.

Beds:
n/a
Baths:
Sq.Ft.:
9,046
Status:
Active
MLS#:
CL24381829
Type:
Business Opportunities
Lot size:
0.32 Acres
Year built:
1958
A broker reciprocity listing Courtesy: Tony Azzi - Tony Azzi Tony Azzi tazzi@theazzigroup.com
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Pleased to present the opportunity to acquire 15456 Vanowen Street, a 12-Unit investment opportunity located in Van Nuys, CA 91406. ASSUMABLE 3.75% FIXED RATE FINANCING! Great unit mix composed of (8) one-bedroom units and (4) two-bedroom units. Soft Story Retrofit has been completed!

Beds:
n/a
Baths:
Sq.Ft.:
35,046
Status:
Active
MLS#:
CRSR24010316
Type:
Mixed Use, Business Opportunities
Lot size:
0.51 Acres
Year built:
1962
A broker reciprocity listing Courtesy: Lynn Tran - Real Brokerage Technologies, Inc. Lynn Tran lynn@therise.group
View additional info

Unique opportunity beckons for investors or developers in the vibrant heart of Van Nuys! Uncover the potential of this commercial property, zoned C2-1L, boasting a valuable 52-space parking lot. This versatile property holds immense promise, suitable for a spectrum of uses, from retail and service stations to garages, churches, schools, auto sales, apartments, condos, and hotels. The existing structure stands tall as a 5-story, 35,046 sqft building on a generous .51-acre lot, a rare find in the area. Convenience is paramount, with the property strategically positioned within walking distance of bustling shopping and dining hubs. Enjoy proximity to renowned establishments like Costco, Target, Chase bank, Starbucks, and more, enhancing the property's allure. Strategic location is further underlined by easy access to major freeways, including the 405, 118, and 101, streamlining connectivity for businesses and patrons alike. Sherman Way, a major cross street, adds to the property's accessibility. Seize the moment! Don't let this exceptional opportunity slip away. Schedule your private showing now to explore the full potential of this prime commercial property in Van Nuys.

Beds:
n/a
Baths:
Sq.Ft.:
2,387
Status:
Active
MLS#:
CL24343251
Type:
Business Opportunities
Lot size:
0.21 Acres
Year built:
1957
A broker reciprocity listing Courtesy: Touran Teri Heravi - Compass Touran Teri Heravi teriheravisellsla@gmail.com
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Potential Medical Office / Apartment development. Teri Heravi is proud to present the Exclusive Listing at 15217 Burbank Blvd in Sherman Oaks. Just East of Sepulveda on Burbank Blvd. Property offers High Traffic and High Visibility. In close proximately of Target and Costco, Sherman Oaks Galleria. Easy access to the 405 and 101 freeways. Formerly Law Offices with 5 offices, conference room, kitchen and 2 bathrooms. 2,387 SF / 9,426SF Lot. Zoned C2-1VL. Property offers rare 14 parking spaces. Delivered Vacant.

Beds:
n/a
Baths:
Sq.Ft.:
4,072
Status:
Active
MLS#:
CRV1-21681
Type:
Mixed Use, Business Opportunities
Year built:
1936
A broker reciprocity listing Courtesy: Scott Dunbar - The Dunbar Group Scott Dunbar vcranches@gmail.com
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Shop building with attached storefront just two blocks from Central Avenue in Downtown Fillmore. 4,072 SF building on a large 21,390 SF lot, nearly 1/2 acre of commercially zoned property. Long time tenant is on a month to month basis, but will need time to move out if asked to do so. Several large doors for vehicle access to the shop with the storefront being utilized for retail use in the past. Large yard area surrounds the building for extended use. This could be a very functional property with a few upgrades.

Beds:
n/a
Baths:
Sq.Ft.:
9,320
Status:
Active
MLS#:
CRSR23229665
Type:
Retail, Business Opportunities
Lot size:
0.44 Acres
Year built:
1940
A broker reciprocity listing Courtesy: Vic Deirmendjian - Vic J. Diermendjian Vic Deirmendjian realtransactions2019@gmail.com
View additional info

0.44 acres available for sale 9320 SF Retail Building, automotive bays with 30' high rollup doors at 8646 Sepulveda Blvd. This lot is combined with and must be sold with 8646 Sepulveda, as contiguous properties. Please review the listing for 8646 Sepulveda.

Beds:
n/a
Baths:
Sq.Ft.:
9,320
Status:
Active
MLS#:
CRSR23229663
Type:
Retail, Business Opportunities
Lot size:
1.33 Acres
Year built:
1985
A broker reciprocity listing Courtesy: Vic Deirmendjian - Vic J. Diermendjian Vic Deirmendjian realtransactions2019@gmail.com
View additional info

First time on market in over 40 years. Absolutely prime for affordable housing development, or owner user or for any of the below developments or use as auto service bays with 30 feet height with rollup doors, offices, break room and sales offices. Close to the 405, 101, 134, 170, 210 and 118 freeways. This location would be an excellent site as a satellite sales center as an auto dealership, mixed use multifamily over retail development. Rare infill 1.32 acre of LAC2 zoned property perfect for owner user or as an investment or redevelopment as multifamily, automotive, car wash, service station, auto body shop, RV storage and repair, RV service, self storage, auto dealer sales lot, medical clinic development, shopping center development, LIHTC multifamily development, retail small box, grocery outlet, fast food, drive thru, car wash, convenience store, gas station, hotel, assisted living, seniors age restricted residential development and much more. Developers and buyers to verify the above uses. Owner, its agents, brokers make no warranties expressed or implied as to the permitted uses by the City of Los Angeles Planning Department. Must be sold with 8628 Sepulveda for a total land size of 1.76 acres. Please submit highest and best price.

Beds:
n/a
Baths:
Sq.Ft.:
6,030
Status:
Active
MLS#:
CRV1-22772
Type:
Office, Business Opportunities
Year built:
1983
A broker reciprocity listing Courtesy: Cynthia Aguilar - Century 21 Real Estate Alliance Cynthia Aguilar cynthiacaguilar@yahoo.com
View additional info

Looking for an exciting commercial property where you can make the most out of your investment, this freestanding office building in Fillmore is bursting with captivating character, this two-story stands on a sprawling 18,000 sq. ft. lot (per assessor's records) this building is 6,030 sq. ft. (per assessor's records). a total of 9 units are included, 5 of which are on the lower level and another 4 on the upper floor. From the landscaped frontage and walkway, the sun-filled lobby warmly welcomes you with high ceilings, soothing hues, and tile flooring setting the tone for a professional and inviting atmosphere. A generous parking lot ensure convenience for clients. tenants' and vendors, while an enviable location means exposure to downtown foot traffic and excellent visibility. Just one block from the town center, occupants enjoy proximity, Fillmore Historical Musuem, local shops, restaurant's, parks, Fillmore City Hall and an array of entertainment destinations are within walking distance of this commercial property..

Beds:
n/a
Baths:
Sq.Ft.:
26,760
Status:
Active
MLS#:
CL24350843
Type:
Business Opportunities
Lot size:
0.68 Acres
Year built:
1964
A broker reciprocity listing Courtesy: David Kaufman - David Ballin Kaufman David Kaufman David@TamarackRES.com
View additional info

This 32-unit two-story garden style complex has gated entry, a pool, laundry room and landscaped courtyard. The parking is also gated and has 24 tuck under spaces, 9 carport spaces and one open space for a total of 34 cars. The City of Los Angeles mandatory seismic retrofit work has already been completed by the owner. Other capital improvements include repaving the driveway and putting on a new roof about 10 years ago.The building is separately metered for both gas and electricity and the majority of the units have a private patio or balcony. The unit mix is excellent of 56% two bedrooms, two baths units averaging $1.59 psf and 44% one bedroom units averaging $1.34 psf. Both unit types are currently renting significantly below the current market of at least 50%.This well-maintained complex offers an investor stable cash flow with upside that will appreciate in value over time. The property is also located in an Opportunity Zone, which offers an investor the potential to defer and eliminate capital gains if they substantially improve the asset per the existing OZ laws. *Located in Opportunity Zone *Very well maintained *Great Mix of 1 & 2 Bedrooms with Balconies / Private Patios *Gated Parking & Entry *Pool, Laundry and Landscaped Courtyard

Beds:
n/a
Baths:
Sq.Ft.:
2,700
Status:
Active
MLS#:
CL24345583
Type:
Business Opportunities
Lot size:
0.39 Acres
Year built:
1960
A broker reciprocity listing Courtesy: James Allan - Compass James Allan james.allan@compass.com
View additional info

Rare development opportunity located in the Santa Monica Canyon located 1/5 Block from the Beach. Property is situated between W Channel Rd and backs onto Chautauqua Blvd.17,136 sq ft total lot size comprised of 4 separate parcels currently with 2x 4 unit buildings, Single Family house and vacant lot. All parcels are to be sold concurrently together. Santa Monica mailing address but LA City real for Building codes. Potential to build 30-59 Units .Current zoning C-2Q would allow 30 Units and R-4 density bonus could allow up to 59 units if parking limits are met. 153 W Channel Rd is a 4 unit Ocean View apartment building with 2 units delivered vacant at close with a current gross Income of $134,864 year with 2 units vacant at close of escrow.157 W Channel Rd is a 2 story 1928 4 unit Building with Canyon and Ocean Views with current gross income of $142,867 with 2 units being delivered vacant at close. (Market rent for vacant units being used for current Income) Total Income of $277,731 for the 8 Units. The 3 Bd 2 Ba Single Family w/ some Ocean View, home approx. 1500 sq ft (Owners Home) vacant at close of escrow with projected rent of $96,00 yearly with a total of $373,000 Gross income at a 3.1 cap with Additional vacant 4488 sq ft lot being used as a garden. Potential market rent

Beds:
n/a
Baths:
Sq.Ft.:
12,925
Status:
Active
MLS#:
CL23339437
Type:
Business Opportunities
Lot size:
0.29 Acres
Year built:
1963
A broker reciprocity listing Courtesy: Roderick 'Rick' Raymundo - Marcus & Millichap Roderick 'Rick' Raymundo Rick.Raymundo@MarcusMillichap.com
View additional info

IMPROVED PRICING AS SELLER HAS FOUND THEIR UPLEG -- PROPERTY IS PRICED TO SELL AND FEATURES THE LOWEST GRM AND HIGHEST CAP RATE AVAILABLE IN SHERMAN OAKS. More than 78% of the unit interiors have been thoroughly upgraded, featuring new amenities such as custom Calacatta quartz countertops, French Oak-inspired wood flooring, stainless steel appliances, and completely remodeled bathrooms. A new investor may be able to benefit from the already-completed upgrades to realize consistent income improvement, as area rents have steadily increased even in the short time since these renovations were completed. Moreover, a new owner can conduct a similar revitalization of the remaining three apartments to potentially recapture approximately 15% in rent upside. Because nearly all of the units are currently leased at or near market rent levels, the effects of local rent control have been essentially removed, leaving the new owner a market rental base similar to that of a non-rent controlled asset. Located near the intersection of Valleyheart Drive and Kester Avenue, the building sits only four blocks from the fine dining and premium boutiques along world renowned Ventura Boulevard. The property features spacious floorplans covering approximately 12,925 square feet across the 14 units. Recent m


Bay East ©2022. CCAR ©2022. bridgeMLS ©2022 . Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 5/8/2024.

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