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14 Units in Prime Sherman Oaks Location

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

Download

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.

Contact the Listing Team

Reza Ghobadi

Reza Ghobadi

Executive Vice President

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Reza Ghobadi

Reza Ghobadi

Executive Vice President

37 closed

Call