4524 Vista Del Monte Avenue

Sherman Oaks, CA 91403

$3,620,000

Sold Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $475 / sqft

1985

calendar_month Built

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.

Listing Information

Close Price $3,620,000
Close Date Friday, July 12th, 2024
Status Closed
MLS 24392035
Type Residential Income
Year Built 1985
Lot Size 6,649
Structure Size N/A
DOM 57
Courtesy Of KW Commercial Studio City
Listing Agent Nick Astrupgaard DRE#01893466
Co-Listing Agent Rich Johns DRE#01432215

Interior Features

Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A

Exterior Information

Maps

Listing information courtesy of: Nick Astrupgaard, Rich Johns, KW Commercial Studio City . *Based on information from the Association of REALTORS/Multiple Listing as of Jul 16th, 2024 at 11:09 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.