Oakleaf Apartments

 

13535 Moorpark St | Sherman Oaks, California | 91423

$5,525,000

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ABOUT

  • Year Built: 1957
  • Type: Apartment
  • Units: 20
  • GRM: 17.31
  • Cap Rate: 3.29%
  • Bldg Size: 17,654 Sq Ft.
  • Lot Size: 17,030 Sq Ft.

AGENT

 

ADDITIONAL INFORMATION

Sitting in the heart of Sherman Oaks, Oakleaf Apartments is a 17,654 SF multi-family apartment building situated on a 17,030 SF lot that encompasses the entire west side of the block on Allott Ave. It is one block north of Ventura Blvd and two blocks east of Woodman Ave. The property consists of twelve 1+1, five 2+1, one 2+1.5, and two 3+2 units (one of the 3+2’s has a maximum allowable rent of $1354, due to a low-income covenant that expires in 2028). Amenities include a well-maintained courtyard with BBQ, on-site laundry, and twenty-nine tuck under parking spaces. There are individual, separate entrances to most units. The property is just minutes from the Sherman Oaks Galleria, ArcLight Theaters, Fashion Square Mall, Trader Joe’s, local parks, golf courses and much more. The Oakleaf Apartments is conveniently located close to the 101 and 405 freeways and affords you easy access to West LA, Hollywood, and the entire San Fernando Valley. Sherman Oaks is an affluent neighborhood with many upscale houses and restaurants along with several high-end fashion boutiques along the famous Ventura Blvd Through the process of full-unit upgrades and renovations, it is estimated that a value-add investor might achieve an estimated 35% upside in rents. As a stabilized investment in a solid community, Oakleaf Apartments would be a great addition to any apartment portfolio.