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13506 Rye St
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13506 Rye St
14 Unit Apartment Building $7,160,175 CAD ($511,441 CAD/Unit) 4.25% Cap Rate Sherman Oaks, CA 91423
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INVESTMENT HIGHLIGHTS
- • Well-maintained building -Vibrant courtyard with picnic area
- • New windows - New exterior paint - New Front entry doors for all units
- • Located in prime area of Sherman Oaks - Within a private cul de sac
- • On-site laundry facilities - Potential to add ADU unit
- • Completed soft story retrofit - Copper plumbing - buyer to verify
- individually metered electricity - Master metered gas
EXECUTIVE SUMMARY
Nestled in a private cul de sac between Rye St. and Ventura Canyon Ave., 13506 Rye Street is a multi-family building that offers the valuable opportunity to own a well-maintained building in the San Fernando Valley’s trendy city of Sherman Oaks.
Comprised of 14 units, the property boasts a total of 11,156 rentable square feet. There are two studios, two one-bedroom/one-bathroom junior units, six one bedroom/
one bathroom units, one two-bedroom/one-bathroom unit, one two-bedroom/one and one half bath unit, one three-bedroom/two-bathroom unit, and a larger three-bedroom/two-bathroom unit with private entrance, central a/c, hardwood floors and private laundry. All unit interiors feature modern appliances, ceramic and travertine tiles, custom closets and sleek design. Furthermore, the building is master metered for gas and individually metered for electricity.
In the heart of Sherman Oaks, 13506 Rye Street is close to dozens of shops, eateries and galleries on the historic Ventura Boulevard. Also within a short distance is the Sherman Oaks Galleria, an icon in San Fernando Valley history that has evolved into a hot spot of award-winning restaurants and
a unique collection of design and home furnishing stores. The District’s notable amenities include Arclight Cinemas, Burke Williams, 24 Hour Fitness SuperSport and much more opportunity.
Comprised of 14 units, the property boasts a total of 11,156 rentable square feet. There are two studios, two one-bedroom/one-bathroom junior units, six one bedroom/
one bathroom units, one two-bedroom/one-bathroom unit, one two-bedroom/one and one half bath unit, one three-bedroom/two-bathroom unit, and a larger three-bedroom/two-bathroom unit with private entrance, central a/c, hardwood floors and private laundry. All unit interiors feature modern appliances, ceramic and travertine tiles, custom closets and sleek design. Furthermore, the building is master metered for gas and individually metered for electricity.
In the heart of Sherman Oaks, 13506 Rye Street is close to dozens of shops, eateries and galleries on the historic Ventura Boulevard. Also within a short distance is the Sherman Oaks Galleria, an icon in San Fernando Valley history that has evolved into a hot spot of award-winning restaurants and
a unique collection of design and home furnishing stores. The District’s notable amenities include Arclight Cinemas, Burke Williams, 24 Hour Fitness SuperSport and much more opportunity.
PROPERTY FACTS
Price | $7,160,175 CAD | Apartment Style | Low Rise |
Price Per Unit | $511,441 CAD | Building Class | B |
Sale Type | Investment | Lot Size | 0.30 AC |
Cap Rate | 4.25% | Building Size | 11,156 SF |
Gross Rent Multiplier | 14.94 | Average Occupancy | 100% |
No. Units | 14 | No. Stories | 2 |
Property Type | Multifamily | Year Built | 1959 |
Property Subtype | Apartment | Parking Ratio | 1.25/1,000 SF |
Price | $7,160,175 CAD |
Price Per Unit | $511,441 CAD |
Sale Type | Investment |
Cap Rate | 4.25% |
Gross Rent Multiplier | 14.94 |
No. Units | 14 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | B |
Lot Size | 0.30 AC |
Building Size | 11,156 SF |
Average Occupancy | 100% |
No. Stories | 2 |
Year Built | 1959 |
Parking Ratio | 1.25/1,000 SF |
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Microwave
- Heating
- Hardwood Floors
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- Courtyard
- Laundry Facilities
- Picnic Area
UNIT MIX INFORMATION
DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
---|---|---|---|
Studios | 2 | - | 533 |
1+1 | 8 | - | 708 |
2+1 | 1 | - | 987 |
2+1.5 | 1 | - | 987 |
3+2 | 2 | - | 1,275 |
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Walk Score®
Very Walkable (88)
PROPERTY TAXES
Parcel Number | 2360-014-026 | Improvements Assessment | $3,163,916 CAD |
Land Assessment | $3,954,896 CAD | Total Assessment | $7,118,812 CAD |
PROPERTY TAXES
Parcel Number
2360-014-026
Land Assessment
$3,954,896 CAD
Improvements Assessment
$3,163,916 CAD
Total Assessment
$7,118,812 CAD
ZONING
Zoning Code | R3, Los Angeles |
R3, Los Angeles |
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13506 Rye St
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