Willis Park West 4573 Willis Ave
22 Unit Apartment Building $11,391,800 CAD ($517,809 CAD/Unit) 4% Cap Rate Sherman Oaks, CA 91403
INVESTMENT HIGHLIGHTS
- Well maintained 22 unit apartment building located in a prime Sherman Oaks location.
- Tenant amenities include central air, dishwashers, pool, elevator, controlled access, gated parking.
- Situated near Ventura Boulevard, offering easy access to a variety of dining, shopping, and entertainment destinations.
- Tremendous rental upside. Many of the rents are well below market.
EXECUTIVE SUMMARY
Miller & Desatnik Realty Corp. is proud to present 4573 Willis Ave. for sale. Situated in a highly desirable Sherman Oaks neighborhood, 4573 Willis Ave offers unmatched access to essential amenities. Residents can enjoy living in close proximity to a variety of local restaurants, shops, schools, parks, and public transportation. The apartments feature spacious floor plans and a mix of 4 One Bedroom + One Bath Units, 15 Two Bedroom + Two Bath Units, and 3 Three Bedroom + Two Bath Units. Tenant amenities include central air, dishwashers, pool, elevator, controlled access, gated parking. Moreover, with easy access to major freeways like the 101 and I-405, commuting throughout Los Angeles is a breeze, making it an ideal choice for professionals and families alike. The combination of its prime location and well-appointed units makes 4573 Willis Avenue a truly outstanding place to call home, offering a rare opportunity for comfortable, high-quality living in one of LA’s most desirable neighborhoods. This is a rare opportunity to purchase a great multifamily property in a terrific Sherman Oaks neighborhood.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
| Price | $11,391,800 CAD |
| Price Per Unit | $517,809 CAD |
| Sale Type | Investment |
| Cap Rate | 4% |
| Gross Rent Multiplier | 13.63 |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.40 AC |
| Building Size | 26,883 SF |
| Average Occupancy | 95% |
| No. Stories | 3 |
| Year Built | 1964 |
| Parking Ratio | 0.82/1,000 SF |
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $2,555 CAD | 745 |
| 2+2 | 15 | $3,046 CAD | 1,100 |
| 3+2 | 3 | $3,580 CAD | 1,200 - 1,300 |
1 of 1
Walk Score®
Very Walkable (81)
PROPERTY TAXES
| Parcel Number | 2264-017-037 | Improvements Assessment | $877,856 CAD |
| Land Assessment | $819,330 CAD | Total Assessment | $1,697,186 CAD |
ZONING
| Zoning Code | LAR3 |
