13504 Moorpark Street

Sherman Oaks, CA 91423

13504 Moorpark Street presents a rare opportunity to acquire a well maintained six-unit multifamily property in prime Sherman Oaks. Offered for the first time in nearly 40 years, the property is priced at $1,895,000, representing a 5.31% cap rate and a 11.05 GRM, with approximately 28% upside in rental income. Built in 1964, the 6,183-square-foot property features an attractive unit mix consisting of five spacious two-bedroom, one-and-a-half-bathroom townhomes and one one-bedroom, one-bathroom flat. The units offer desirable residential amenities, including large private patios and fireplaces. Four of the six units have RUBS in place, allowing for the recovery of certain capital expenditures and utility expenses. New owner can potentially add RUBS for the new windows/exterior work recently completed. The property has benefited from significant capital improvements, including anew roof, new electrical panels and subpanels, new windows throughout, updated copper plumbing throughout most of the building, and a soft-story seismic retrofit completed in 2019.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.