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Key Details
Sold Price $3,620,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,614 sqft
Price per Sqft $475
MLS Listing ID 24392035
Sold Date 07/12/24
Bedrooms 13
HOA Y/N No
Year Built 1985
Lot Size 6,647 Sqft
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 So - Sherman Oaks
Zoning LAR3
Interior
Fireplace No
Exterior
Total Parking Spaces 10
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 2265011028
Special Listing Condition Standard
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Bought with Tyson Dexter • Carnahan-Dexter Property Management Inc.