4345 Ventura Canyon AVE, Sherman Oaks, CA 91423
4345 Ventura Canyon AVE, Sherman Oaks, CA 91423
4345 Ventura Canyon AVE, Sherman Oaks, CA 91423
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Ernie Caponera

Ernie Caponera

+1(714) 606-0926
$3,050,000
Est. payment /mo
9 Beds
12 Baths
9,249 SqFt
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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 9,249 sqft

Price per Sqft $329

MLS Listing ID 26674119

Bedrooms 9

HOA Y/N No

Year Built 1957

Lot Size 0.300 Acres

Property Description

4345 Ventura Canyon Avenue, Sherman Oaks (91423) is a 12-unit apartment building that has been operated by the same family for over 30 years. 4345 Ventura Canyon Avenue is located less than one block north of Ventura Blvd, which is considered one of the San Fernando Valley's most stable and dynamic rental markets. It offers easy access to an enormous and diverse set of employers, and the immediate area has historically provided investors with exceptional long-term capital appreciation and wealth preservation. 4345 Ventura Canyon Avenue was built in 1957 and comprises 9,249 SF of improvements on a 13,050-square-foot parcel, zoned LAR3. It features oversized apartments and a diverse unit composition of 2 (two) 2-bedroom/1-bathroom units, 4 (four) 1-bedroom/1-bathroom units, and 6 (six) single-apartment units. The units surround a common-area courtyard with mature landscaping and generous shading, and tenants have access to an on-site laundry room. In recent history, the current ownership has overseen a major improvement of four units. Unit upgrades include new attractive flooring, new stylish fixtures, and updated bathrooms and kitchen. Parking is provided for 12 vehicles. The LA City-mandated soft-story retrofit was completed in 2019. The property is individually metered for gas and electricity, keeping owner expenses low. 4345 Ventura Canyon Avenue has a Walk Score of 88 out of 100. This location is Very Walkable, so most errands can be accomplished on foot. Sherman Oaks is one of LA's most stable and desirable suburban neighborhoods. Furthermore, the subject property offers residents access to a myriad of entertainment venues, travel corridors, and dining options in and around the surrounding neighborhoods. Given the property's prime location and significant value-add component, the offering provides an opportunity for outstanding long-term income growth and unparalleled capital preservation.

Location

State CA

County Los Angeles

Area So - Sherman Oaks

Zoning LAR3

Interior

Fireplace No

Exterior

Parking Features Covered

Total Parking Spaces 12

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 2360006018

Special Listing Condition Standard

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Listed by Nick Astrupgaard KW Commercial Studio City #01893466

Nearby Locations

Ernie Caponera

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California, 92625, USA

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