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32274155
32274154

14526 Dickens St, Sherman Oaks, CA 91403 For Sale

ES
CA 00893163
Miller & Desatnik Realty Corp
Listed by Miller & Desatnik Realty Corp
$1,995,000
76 days on market
Updated 76 days ago

The Dickens Residences

Details
APN 2276-014-005
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,870
Units 6
Cap Rate 5.94%
NOI $118,579
Tenancy Multi
Pro-Forma NOI $121,819
Price per SqFt $516
Year Built 1941
Buildings 1
Stories 1
Lot Size (SqFt) 6,805
Zoning LARD1
Investment Type Stabilized

Multifamily | 6 Units | $332,500/unit

Marketing description

This is a unique opportunity to own a six unit prime Sherman Oaks apartment building that could be delivered with five fully furnished residences. This unique vacancy profile allows a new owner to immediately set market rents and maximize cash flow on day one, without the need to do any improvements. Ideally located on beautiful Dickens Street, south of Ventura Blvd and just west of Van Nuys Blvd, the subject property is mere steps to premier shops, restaurants, entertainment, and grocery stores. Its prime, West Sherman Oaks location also offers strategic access to both the 101 and 405 freeways, providing seamless connectivity to the Westside, Beverly Hills, Studio City, and beyond. 5 of the 6 subject property's residences are in tastefully furnished, rent ready condition, exude charm & feature real hardwood floors, allowing the investor unique ability to set rents & control occupancy. 14526 Dickens Street presents a compelling opportunity to acquire an extremely well-located asset in the San Fernando Valley's most sought-after location.

Investment highlights

  • Prime, South of Ventura Boulevard Sherman Oaks Location
  • 5 of the 6 Residences Could Be Delivered Vacant & Fully Furnished
  • Well Maintained Building With Vintage Charm, Featuring Residences with Real Hardwood Floors
  • Steps to Ventura Boulevard & Van Nuys Boulevard Shops, Restaurants & Super Markets
  • Residences are Separately Metered For Gas & Electricity, and Each Have Individual Water Heaters
  • Potential to add ADU

Listing Contacts

ES
CA 00893163
Miller & Desatnik Realty Corp
Listed by Miller & Desatnik Realty Corp

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$118,579.00
$9,881.58/mo

Valuation Metrics

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DSCR
5.94%
Cap Rate
5.94%
ROI

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