14938 Moorpark St
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14938 Moorpark St
7 Unit Apartment Building $2,620,902 CAD ($374,415 CAD/Unit) 4.12% Cap Rate Sherman Oaks, CA 91403
Investment Highlights
- 7 unit multi-family
- 100% occupied by many long-term tenants paying below market rents
- Located a block from Ventura Blvd. in the heart of Sherman Oaks, CA
- Possibility of redevelopment for higher density, subject to Buyer’s verification
Executive Summary
illi Commercial is pleased to present 14938 Moorpark Street, a 7 unit multi-family residential property for sale. Located a block from Ventura Blvd. in the heart of Sherman Oaks, CA, the property is well positioned in one the most highly desirable and walkable suburban communities in Los Angeles.
The complex is within walking distance of Pavilions and Whole Foods markets, Starbucks, Blu Jam Cafe, Mulberry Street Pizza, Marmalade Cafe, the Sherman Oaks Galleria including 24Hr Fitness, Regal Cinemas, the Cheesecake Factory, and many more local favorite restaurants and shopping destinations. With convenient access to public transit and the 101 and 405 Freeways, residents are centrally located to the entire Metro area.
With most tenants paying below market rents, this asset presents an excellent value-add investment opportunity, with the possibility of redevelopment for higher density, subject to Buyer’s verification. Sale subject to Seller identifying 1031 exchange.
The complex is within walking distance of Pavilions and Whole Foods markets, Starbucks, Blu Jam Cafe, Mulberry Street Pizza, Marmalade Cafe, the Sherman Oaks Galleria including 24Hr Fitness, Regal Cinemas, the Cheesecake Factory, and many more local favorite restaurants and shopping destinations. With convenient access to public transit and the 101 and 405 Freeways, residents are centrally located to the entire Metro area.
With most tenants paying below market rents, this asset presents an excellent value-add investment opportunity, with the possibility of redevelopment for higher density, subject to Buyer’s verification. Sale subject to Seller identifying 1031 exchange.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $2,620,902 CAD | Apartment Style | Low Rise |
| Price Per Unit | $374,415 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 4.12% | Building Size | 4,771 SF |
| Gross Rent Multiplier | 14.1 | No. Stories | 2 |
| No. Units | 7 | Year Built | 1960 |
| Property Type | Multifamily | Parking Ratio | 1.05/1,000 SF |
| Property Subtype | Apartment |
| Price | $2,620,902 CAD |
| Price Per Unit | $374,415 CAD |
| Sale Type | Investment |
| Cap Rate | 4.12% |
| Gross Rent Multiplier | 14.1 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,771 SF |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.05/1,000 SF |
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 550 |
| 1+1 | 5 | - | 700 |
| 2+1 | 1 | - | 800 |
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Walk Score ®
Very Walkable (83)
PROPERTY TAXES
| Parcel Number | 2264-016-036 | Improvements Assessment | $542,372 CAD |
| Land Assessment | $1,743,376 CAD | Total Assessment | $2,285,748 CAD |
PROPERTY TAXES
Parcel Number
2264-016-036
Land Assessment
$1,743,376 CAD
Improvements Assessment
$542,372 CAD
Total Assessment
$2,285,748 CAD
zoning
| Zoning Code | RD1.5, Los Angeles |
| RD1.5, Los Angeles |
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14938 Moorpark St
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