4188 Greenbush AVE

SHERMAN OAKS, CA, 91423

$3,475,000

$400 per ft²
$3,475,000
$400 per ft²
Active
Active
 - For Sale
beds
2 Beds
baths
4 Baths
carpenters-square
8,675 ft²
property_type
Multi-family
calendar
Built 1964
The Regency at 4188 Greenbush Ave. This 10-unit, prime value-add property is located South of Ventura Blvd in the highly desirable Sherman Oaks neighborhood, adjacent to Studio City. This offering presents a rare opportunity for investors to acquire an excellently located, well-maintained, and easy-to-manage apartment building. Built in 1964, the Regency apartments are three stories with a total living area of 8,675sf on an RD1.5 zoned 7,640sf lot (buyer to verify). The property has new security cameras installed throughout the common area. It also features secured entries to common areas and gated parking on the property's north side providing security for several parking spaces and building entrances. The property had recent capital improvements, including the completion of a soft-story parking retrofit, and a new parking gate installed on the north side of the property. It has an excellent and efficient unit mix for such a desirable location in Sherman Oaks; the unit mix consists of (4) One Bed/One and a half bath loft style, (4) One Bed/One Bath, and (2) Studios. Each unit is spacious and bright, with a secured hall entry. In addition, three units consist of two stories with sliding doors connected to the communal hall/patio on the third level (buyer to verify). Four of the units have been recently renovated with new flooring, new contemporary kitchen (quartz countertop, new shaker style cabinets), and updated bathrooms (new bathtub, tiled bathroom, new bathroom vanity cabinets). All units have wall heaters and A/C units. Parking is provided by 10 off-street parking spaces, of which 8 are tuck-under parking (the city-required soft story retrofit has been completed) and 2 gated uncovered spaces. Additional parking spaces can be added by creating tandem parking on the west side of the property. Tenants have access to their own individual self-storage spaces located in the secured tuck-under parking area. The units are all separately metered for electricity and gas, and the property has a shared laundry room (leased machines). Along Greenbush Ave, you can find charming homes, large mature trees growing along the parkways, and ample city-permitted parking for residents of the area. On Ventura Blvd, the property offers exceptional local amenities to tenants (dining, shopping, cafes, groceries, and public transportation), which made this property very easy to rent and manage.
MLS® ID:
AR22188014MR
Listed:
8/24/22
Updated:
10/4/22
Coldwell Banker Realty
Barry Dantagnan

Interior Features

Total Bedrooms
2
Total Bathrooms
4
Laundry Description
Laundry Area
Fireplace
None
Cooling
Wall/Window Unit(s)
Heating
Wall

Exterior/Building Features

Lot Size
7,640 ft² lot
Roof
Asbestos Shingle
Sewer
Public Sewer

Other Property Details

Garage
No
Parking
Assigned, Carport
Parking Total
14.0
View
N
County
Los Angeles
Water Source
Public
Pool
No
Pool Description
None
Total Stories
2
Zoning
LARD1.5

 

Courtesy of Handoko Chen, GIG Real Estate Inc.

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Barry Dantagnan shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2022 Combined L.A./Westside MLS. All rights reserved.

Data last updated 10/4/22

Coldwell Banker Realty
Barry Dantagnan
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