4535 Murietta Avenue, Sherman Oaks, CA, 91423

4535 Murietta Avenue, Sherman Oaks, CA, 91423 < >
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for sale
$4,750,000
Lot Size:0.31 Acres
Year Built:1965
Status:Active
MLS #:19440204
Date Updated:
For information contact:
CENTURY 21 Ditton Realty
559-683-7653
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Go See This Property
We are pleased to present this beautifully remodeled 13-unit building located at 4535 Murietta Avenue, Sherman Oaks, California. Built in 1965 and renovated in 2018, the offering consists of 3- One bedroom / One bathroom units, 9- Two bedroom / Two bathroom units, and 1- Two bedroom / One bathroom unit. The Property has undergone significant renovations and upgrades within the past year and a half including 5 completely turned over units, 100% permitted and completed seismic retrofit work, repaint of the entire property, upgraded all exterior lighting, complete re-landscaping, upgraded roof, etc. This property, offered at a true 4.17% CAP rate, allows a rare opportunity for an investor to buy a turn-key property in an excellent Sherman Oaks location, that still allows for over 20% of rental upside over time. With the great income the property brings in, an investor would need an estimated 40% down payment ($1,900,000) in order to get a fully amortized loan.
Interior Details
Stories Total: 2

Exterior Details
Lot Size Acres: 0.3119Number Of Buildings: 1
Number Of Units Total: 13Parking Features: Other

Community Information
County Or Parish: Los AngelesDirections: Milbank St & Murietta Ave
MLS Area Major: SO - Sherman OaksParcel Number: 2271002007
Zoning: LAR3

Property Information From MLS Data
Year Built: 1965

Financial Information
Association Amenities: Other

Utilities
Cooling: See Remarks

Listing Information Courtesy of:
List Agent First Name: Filip
List Agen tLast Name: Niculete
List Office Name: Marcus & Millichap

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Monthly Payment for 4535 Murietta Avenue
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Price:$4,750,000
Down Payment:
Loan Amount:$3,800,000
Loan Type:30 year fixed at %
Principal & Interest:
Property Taxes: (1.5%)
Homeowner's Insurance:
Total Payment:
Listing courtesy of Filip Niculete, Marcus & Millichap

Information obtained from CACRMLS is current as of 8/24/2019 12:19 PM. Information provided by seller/other sources, not verified by broker. All interested persons should independently verify accuracy of all information. Information deemed reliable but not guaranteed. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.