4556 Vista Del Monte Ave

Sherman Oaks, CA, 91403

$2,299,000

$397 per ft²
$2,299,000
$397 per ft²
Active
Active
 - For Sale
beds
8 Beds
baths
8 Baths
carpenters-square
5,782 ft²
property_type
Multi-family
calendar
Built 1958
This 8-unit, prime value-add property is located North of Ventura Blvd in the highly desirable Sherman Oaks neighborhood, adjacent to Studio City, Valley Glen, and Valley Village. 4556 Vista Del Monte Ave comprises eight 1-bedroom + 1-bathroom units, a total living area of 5,782 sqft, and is situated on an LAR3 Zoned 6,248 sqft lot. This offering presents a rare opportunity for investors to acquire an excellently located apartment building to reposition and upgrade to obtain market premium rents to stabilize at a 5.7%+ Cap rate | 12.9 GRM with the potential to scale and reduce expenses to achieve an even higher rate of return.Investors seeking an asset to employ a value-add strategy can promptly reposition the asset and achieve a higher yield. Four vacant units will allow investors to decide on their own finishes and styles and set market rents. The units are all separately metered for electricity and gas, and the property has a shared laundry room (leased machines). There are 8 tuck-under carport spaces providing easy access for tenants, as well as a private terrace overlooking Hortense St for tenants to use as a common area. With an excellent walk score of 84, this area of Sherman Oaks is a paradise for pedestrians. You can leave your car parked and take a walk down Ventura Blvd to enjoy the city's vibrant atmosphere with plenty of dining, shopping, and employment opportunities nearby. There is also easy access to public transportation and parking, which enables residents to get to offices and businesses nearby with shorter commute times to Studio City, DTLA, and Hollywood.
MLS® ID:
22-212769
Listed:
10/26/22
Updated:
11/26/22
Coldwell Banker Realty
Barry Dantagnan

Interior Features

Total Bedrooms
8
Total Bathrooms
8
Laundry Description
Community
Floor Description
Mixed, Carpet, Tile, Wood Laminate
Cooling
Wall Unit(s), Ceiling Fan
Heating
Wall

Exterior/Building Features

Lot Size
6,248 ft² lot
Exterior Features
None
Lot Details
Street Lighting, Sidewalks, Walk Street

Other Property Details

Garage
No
Parking
Carport Attached
Parking Total
8.0
View
Y
County
Los Angeles
Pool
No
Total Stories
2
Zoning
LAR3

Courtesy of Keller Williams Studio City, David Weinberger,
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