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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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Bought with Michael Elatt • CRMLS
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