MultiFamily Property at 14526 Dickens Street
$1,995,000
14526 Dickens Street, Sherman Oaks, CA 91403
3,870 SF
Square Feet
$516
PPSF
6
Units
300.0K
PPU
5.94%
CAP
Property Description
Units
6 — PPU: 300.0K
NOI
$118,579
Cap Rate
5.94%
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.
Property Details
Asset Type
MultiFamily
Year Built
1941
Zoning
Residential
Lot Size
6,805 SF
Neighborhood
S of Ventura Bl, Sherman Oaks
Submarket
Sherman Oaks
ZIP
91403
Listing Type
sale
Net Operating Income (NOI)
$188,126
Debt Service Coverage Ratio (DSCR)
1.66x
Cap Rate
9.43%
Cash Flow (Annual)
$74,638
Cash-on-Cash Return
14.96%
Monthly Debt Service
$9,457
Annual Debt Service
$113,488
View on Map
Address
14526 Dickens Street
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Sherman Oaks MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale
No investors found in this market.