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4524 Vista Del Monte Ave Sherman Oaks, CA 91403
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Key Details
Sold Price $3,620,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,614 sqft
Price per Sqft $475
MLS Listing ID 24-392035
Sold Date 07/12/24
Bedrooms 13
Year Built 1985
Lot Size 6,649 Sqft
Acres 0.1434
Property Description
4524 Vista Del Monte Avenue is a 10-unit apartment community located in a premier Sherman Oaks neighborhood and only two blocks from Ventura Blvd. The offering allows investors to acquire an irreplaceable turn-key asset in one of LA's most dynamic and stable markets. 4524 Vista Del Monte Avenue is an attractive unit mix of four (4) 2-Bedroom/2-Bathroom Units, five (5) 1-Bedroom/1-Bathroom Units, and one (1) Studio Apartment. Each of the units is spacious and features central air-conditioning and sleek new renovations with upgraded baths, kitchens, and new flooring. Vista Del Monte Avenue boasts 7,614 square feet on a 6,649 square foot lot, zoned LAR3. As the property was originally built in 1985, it benefits from the AB1482 designation, offering 5% plus CPI, which currently means an 8.8% rent increase where applicable. Additionally, current ownership just completed the construction of 2 brand-new ADUs and received the Certificate of Occupancy. Both Units are Rented at Market Rates. The building amenity package includes common area laundry facilities, secured entry, amazon apartment lockers, and gated parking. Parking is available for ten (10) vehicles. This particular block of Vista Del Monte Avenue is a beautiful tree-lined street featuring numerous single-family homes and a quiet neighborhood community. With its prime location in Sherman Oaks, 4524 Vista Del Monte Avenue is an outstanding rental location for residents looking for immediate access to major employers, services, and entertainment venues. The proximity to world-class neighboring venues makes this an ideal investment for apartment operators seeking a stable investment opportunity and long-term wealth preservation and appreciation.
Location
State CA
County Los Angeles
Area Sherman Oaks
Zoning LAR3
Rooms
Other Rooms None
Interior
Heating Other
Cooling Other
Equipment Other
Exterior
Parking Features Other
Garage Spaces 10.0
Building
Story 2
Level or Stories Two
Others
Special Listing Condition Standard
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with Carnahan-Dexter Property Management Inc.