$5350000 Price Analysis   ♡   Sherman Oaks, CA 91403 6 bed 19 bath 9560 SqFt ($559/SqFt) 8142SqFt lot. Built 1964 Listed 2024-05-15, Taxes $31440 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
15285 Sutton Street is a 19-unit apartment community located in a premier Sherman Oaks neighborhood.
The building is on a tree-lined street and boasts exceptional freeway access to the 405. The offering allows investors to acquire an irreplaceable turn-key asset in one of LA's most dynamic and stable markts. The property is well-maintained and has incredible curb appeal. The unit interiors offer a blend of midcentury style with modern convenience. Their vintage style offers ample cabinet and storage space in their open layout. Many units have a balcony with great natural light throughout. Ownership has completed the bui ldout of three brand-new ADUs, totaling 1, 416 additional square feet. The designs are modern, with brand-new bathrooms, kitchens, appliances, flooring and sleek fixtures.
Ownership has achieved great rents and set a model for future income.15286 Sutton Street is being offered for sale at a 6.2% Cap Rate and 11.2 GRM. The property is master-metered for electricity, water and gas. Current ownership has implemented a RUBs System (Ratio Utility Billing System). The property is well-parked, with 15 onsite parking spaces. Soft-Story retrofit was completed in 2019. This building is located right off Sepulveda, two blocks south of Ventura Boulevard. It is close to Whole Foods, Blue Dog Tavern, Sherman Oaks Galleria, 24-Hour Fitness and Yoga Studios, making it super convenient for tenants. With its prime location in Sherman Oaks, 15286 Sutton Street 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.
Presented by Nick Astrupgaard at
KW Commercial Studio City.
Property MLS #24-392519 from TheMLSCLAW
Full Bathrooms: 19
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 8142
Calculated Total Monthly Association Fees: 0
Number of Units: 19
Unit Features: 1 BathsTotal: 1, 1 SquareFeet: 27300, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 15300
County: Los Angeles
Cap Rate: 6.2
Directions: Excellent Location on Sutton Street in Sherman Oaks.
Source Property Type: Residential Income
Area: Sherman Oaks
Source Neighborhood: Sherman Oaks
Parcel Number: 2276-042-006
Zoning: LAR4
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $1160399 + $1415687 $2576086 | $31440 |
| 2021 | $1137647 + $1387929 $2525576 | $31035 |
| 2020 | $1125982 + $1373698 $2499680 | $31345 |
| 2019 | $1103904 + $1346763 $2450667 | $30124 |
| 2018 | $1082259 + $1320356 $2402615 | $30005 |
| 2017 | $1061039 + $1294467 $2355506 | $29321 |
| 2016 | $1040235 + $1269086 $2309321 | $28621 |
| 2015 | $1024610 + $1250024 $2274634 | $28211 |
| 2014 | $1004540 + $1225538 $2230078 | $28384 |
| 2013 | $1000000 + $1220000 $2220000 | $28385 |
| 2012 | $1232646 + $727593 $1960239 | $26026 |
| 2010 | $1208477 + $713327 $1921804 | $25477 |
| 2009 | $1202296 + $709678 $1911974 | $24547 |
| 2009 | $1199446 + $707996 $1907442 | $24547 |
| 2008 | $1178722 + $695763 $1874485 | $23516 |
| 2007 | $1155610 + $682121 $1837731 | $22764 |
$5350000
TheMLSCLAW
Listing removed 2014-05-09
$1198
WestsideRentals
Price Changed for rent 2014-05-01
$1198
WestsideRentals
Listed for rent 2014-04-09
$1250
WestsideRentals
Sold 2012-11-02
$2220000
Public Record
Sold 2003-04-30
$1700000
Public Record
Sold 1990-05-01
$1075000
Public Record
Year Built: 1964
Levels: Two Level
Living Area Source: Assessor
Property Age: 60
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.