5008 Hazeltine Ave

Sherman Oaks, CA, 91423

$9,150,000

$468 per ft²
$9,150,000
$468 per ft²
Active
Active
 - For Sale
beds
35 Beds
baths
35 Baths
carpenters-square
19,510 ft²
property_type
Multi-family
calendar
Built 1957
We are proud to present this 18-unit apartment building in a great Sherman Oaks location. The property was built in 1957 but is not subject to the LA City Rent Control (still subject to State Rent Control). There is an excellent unit mix that includes One One-Bedroom/One-Bath Unit, and Seventeen Two-Bedroom/Two-Bath Units. Thirteen of the units have been completely renovated including in-unit washer/dryers. The building system infrastructure has been upgraded to accommodate the remaining 5 units that do not have washer/dryers. Some of the renovations include calcutta quartz countertops, shaker cabinetry, vinyl plank flooring, upgraded windows and stainless-steel appliances. The units are built around a central courtyard that features a pool. The building has upgraded windows, upgraded roof, tiled entryway, beautiful landscaping and more. The residence is secured with gated access from the front and gated parking in the back (18 spaces). Ample street parking is also available. The property is just a quick drive away from plenty of dining, shopping and entertainment options on Ventura Blvd. A few blocks to the south is the 101 Freeway which provides easy access to the surrounding area and job opportunities. And for recreation, Sherman Oaks Park is just across the street from the property. This opportunity is perfect for an investor looking for a well-located, turn-key asset with accessible upside via a proven renovation program. Although built prior to 1978, 5008 Hazeltine is exempt from the City of Los Angeles' Rent Stabilization Ordinance ("RSO"). The City of Los Angeles had a program that allowed a landlord to file for a rent stabilization exemption on individual units upon significant capital expenditures. Previous ownership applied for an exemption on all 18 units and received approval from the City of Los Angeles deeming all 18 units RSO "exempt" on May 17th, 1983.
MLS® ID:
22-210683
Listed:
10/19/22
Updated:
11/26/22
Coldwell Banker Realty
Barry Dantagnan

Interior Features

Total Bedrooms
35
Total Bathrooms
35
Laundry Description
Community, In Unit
Cooling
Wall/Window
Heating
Wall

Exterior/Building Features

Lot Size
0.47 acres lot
Exterior Features
None

Other Property Details

Garage
No
Parking
Covered Parking
Parking Total
18.0
View
N
County
Los Angeles
Pool
Yes
Pool Description
Association Pool, Fenced
Total Stories
2
Zoning
LAR3

Courtesy of Marcus & Millichap, Brett Sanson,
Listing Contact:  

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 11/26/22

Coldwell Banker Realty
Barry Dantagnan
Contact