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MultiFamily Property at 14526 Dickens Street

MultiFamily Property at 14526 Dickens Street
FOR SALE
View more

$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.

Contact the Listing Team

Glenn Brander

Glenn Brander

Partner, Executive Vice President

4 closed

Call
Zach Friedman

Zach Friedman

Multifamily Advisor

1 closed

Call

Send a Message

Glenn Brander

Glenn Brander

Partner, Executive Vice President

4 closed

Call
Zach Friedman

Zach Friedman

Multifamily Advisor

1 closed

Call