4646 Natick Avenue

    Sherman Oaks, CA 91403
    • $7,600,000
    • STATUS: Active
    • ON SITE: 68 days
    • ID#: SR18168263
    UPDATED: 20 min ago
    $7,600,000
    • 0
      BEDS
    • 0.33
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 26,910
      SQFT
    • $282
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1968
    County:

    School Ratings & Info

    Description

    We are proud to represent this 18 unit plus 2 additional non-conforming units apartment building inSherman Oaks. The non conforming units are in the process of being legalized with the city with permits expected in2018.The building was constructed in 1968. Its unit mix consists of (3) one-bedroom, one-bathroom units, (9) two-bedroom,two-bathroom units, (2) two-bedroom, two-bathroom and a den units and (4) three-bedroom and two-bathroom units(converted from 2+2+den units). With a lot size of 14,245 square feet, the property has a total of 26,910 rentable squarefeet. There are (2) non confirming units that bring in an additional $1000 each per month.There is an existing loan in the approximate amount of $3,500,000 that was originated in 2015. The loan is at 3.35%interest that is fixed until October 16, 2020. The property is situated in a prime Sherman Oaks area, which has acomfortable blend of urban and suburban amenities. Along with sunny, clean sidewalks, the city offers many hip cafesand shops +GG especially on Ventura Boulevard, which features the Sherman Oaks Galleria and many upscalerestaurants. Residents also have easy access to the 405 and 101 freeways.The building+GGs amenities include an indoor pool, balconies, central HVAC units, secured parking, and lush landscaping.It is separately metered for gas and electricity

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-19T14:31:21.847. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.amazingtemeculahomes.com/homes/85562116

    4646 Natick Avenue Sherman Oaks, CA 91403

    • Price: $7,600,000
    • Status: Active
    • Updated: 20 min ago
    • ID#: SR18168263
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.33
    Acres
    26,910
    SQFT
    $282
    $/SQFT
    1968
    Built
    Neighborhood:
    SO - Sherman Oaks
    County:
    Los Angeles
    Area:
    SO - Sherman Oaks
    Property Description
    We are proud to represent this 18 unit plus 2 additional non-conforming units apartment building inSherman Oaks. The non conforming units are in the process of being legalized with the city with permits expected in2018.The building was constructed in 1968. Its unit mix consists of (3) one-bedroom, one-bathroom units, (9) two-bedroom,two-bathroom units, (2) two-bedroom, two-bathroom and a den units and (4) three-bedroom and two-bathroom units(converted from 2+2+den units). With a lot size of 14,245 square feet, the property has a total of 26,910 rentable squarefeet. There are (2) non confirming units that bring in an additional $1000 each per month.There is an existing loan in the approximate amount of $3,500,000 that was originated in 2015. The loan is at 3.35%interest that is fixed until October 16, 2020. The property is situated in a prime Sherman Oaks area, which has acomfortable blend of urban and suburban amenities. Along with sunny, clean sidewalks, the city offers many hip cafesand shops +GG especially on Ventura Boulevard, which features the Sherman Oaks Galleria and many upscalerestaurants. Residents also have easy access to the 405 and 101 freeways.The building+GGs amenities include an indoor pool, balconies, central HVAC units, secured parking, and lush landscaping.It is separately metered for gas and electricity
    Exterior Features

    Garage Spaces 0.00 Lot Features 0-1 Unit/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 Pool Features PrivateIndoor Pool Private YN Yes Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Community

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Curbs Country Us Electric Expense 21211.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 38053.00 Gross Scheduled Income 456636.00 Insurance Expense 8697.00 Land Lease YN No Laundry YN Yes Net Operating Income 288595.00 New Taxes Expense 90670.00 Number Of Separate Electric Meters 19 Number Of Separate Gas Meters 19 Number Of Separate Water Meters 1 Operating Expense 160342.00 Professional Management Expense 13879.00 Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Total Expenses 160342.00 Trash Expense 3964.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Lar3

    Listing provided courtesy of Cindy Hill of Keller Williams Realty-Studio.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-19T14:31:21.847. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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