Sherman Oaks, CA 91411,14525 Albers ST
Sherman Oaks, CA 91411,14525 Albers ST
Sherman Oaks, CA 91411,14525 Albers ST
$1,900,000
Est. payment /mo
$2,550,000
25.5%
Est.Price: ?

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0.32 Acres Lot
SOLD DATE : 10/01/2019

Key Details

Sold Price $1,900,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID OC19130597

Sold Date 10/01/19

HOA Y/N No

Year Built 1962

Lot Size 0.320 Acres

Acres 0.32

Property Description

We are pleased to present is well-kept, twelve-unit multifamily complex in a prime Sherman Oaks location. The asset offers a nice mix of two-bedroom, one-bedroom, and studio units located on a large lot with a beautiful tree-lined street. There are three buildings on this parcel, two of which are two story buildings and the other is a single level detached apartment. The complex is garden style with ample garage and open lot parking available for tenants, which is a nice amenity in the densely populated city. A laundry facility on-site is provided for the residents as well. The Albers Street Apartment unit amenities comprise of air conditioning, spacious floor plans, and private patios on select units.

This property is in a good central Sherman Oaks location right near major retail, educational, and employment opportunities. The property is conveniently located less than a mile from the CA-101 Freeway and 405 Freeway, which allow tenants to connect with the greater California region and beyond. This offering provides an investor the opportunity to acquire a well-maintained apartment community with exceptional value-add upside in a premier location within the city. The property is subject to rent control.

Location

State CA

County Los Angeles

Area So - Sherman Oaks

Zoning LAP

Rooms

Ensuite Laundry Common Area

Interior

Laundry Location Common Area

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Carpet, Laminate

Fireplace No

Appliance Gas Oven, Gas Range

Laundry Common Area

Exterior

Garage Assigned, Carport, Garage, Paved

Garage Spaces 3.0

Carport Spaces 3

Garage Description 3.0

Pool None

Community Features Suburban

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

Roof Type Flat

Parking Type Assigned, Carport, Garage, Paved

Total Parking Spaces 14

Private Pool No

Building

Lot Description 11-15 Units/Acre

Story Two

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 2249002010

Energy Description 2198.0

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Financing Cash to Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Mark Bridge • Mark Bridge, Broker
Bought with Michael Elatt • CRMLS
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