14 Units in Prime Sherman Oaks Location
FOR SALE
$4,950,000
13506 Rye Street, Sherman Oaks, CA 91423
11,156 SF
Square Feet
$444
PPSF
14
Units
300.0K
PPU
4.25%
CAP
Property Description
Units
14 — PPU: 300.0K
NOI
$210,386
Cap Rate
4.25%
Nestled in a private cul de sac between Rye St. and Ventura Canyon Ave., 13506 Rye Street is a multi-family building that offers the valuable opportunity to own a well-maintained building in the San Fernando Valley’s trendy city of Sherman Oaks.
Comprised of 14 units, the property boasts a total of 11,156 rentable square feet. There are two studios, two one-bedroom/one-bathroom junior units, six one bedroom/one bathroom units, one two-bedroom/one-bathroom unit, one two-bedroom/one and one half bath unit, one three-bedroom/two-bathroom unit, and a larger three-bedroom/two-bathroom unit with private entrance, central a/c, hardwood floors and private laundry. All unit interiors feature modern appliances, ceramic and travertine tiles, custom closets and sleek design. Furthermore, the building is master metered for gas and individually metered for electricity.
In the heart of Sherman Oaks, 13506 Rye Street is close to dozens of shops, eateries and galleries on the historic Ventura Boulevard. Also within a short distance is the Sherman Oaks Galleria, an icon in San Fernando Valley history that has evolved into a hot spot of award-winning restaurants and a unique collection of design and home furnishing stores. The District’s notable amenities include Arclight Cinemas, Burke Williams, 24 Hour Fitness SuperSport and much more opportunity.
Property Details
Asset Type
MultiFamily
Year Built
1959
Zoning
LAR3
Lot Size
13,107 SF
Submarket
Sherman Oaks
ZIP
91423
Listing Type
sale
Offering Memorandum
30 years
10 years
Net Operating Income (NOI)
$333,778
Debt Service Coverage Ratio (DSCR)
1.19x
Cap Rate
6.74%
Cash Flow (Annual)
$52,191
Cash-on-Cash Return
4.22%
Monthly Debt Service
$23,466
Annual Debt Service
$281,586
View on Map
Address
13506 Rye Street
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Sherman Oaks MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale
No investors found in this market.