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4916 Hazeltine Avenue

Sherman Oaks, CA 91423
  • $2,500,000
  • STATUS: Active Under Contract
  • ON SITE: 81 Days
  • ID#: 24373617
Under Contract
UPDATED: 148 min ago
$2,500,000
  • 14
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,068
    SQFT
  • $354
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1958
County:

School Ratings & Info

Listing Agent(s): Laura Klein of KRE + Associates (310-459-7765)


Description

4916 Hazeltine Ave, in the highly sought-after neighborhood of Sherman Oaks, presents a fantastic income opportunity with its 100% occupied, eight-unit building. With its ASSUMABLE FINANCING AT 3.51%, spacious 7,068 square footage building situated on a generous 7,908 square foot lot, this investment offers both size and potential. The prime Sherman Oaks location further enhances its appeal, providing easy access to all the amenities and attractions the area offers. Featuring a well-balanced apartment mix, including (2) three-bedroom units, (2) two-bedroom units, and (4) one-bedroom units, this property caters to a diverse range of tenants, ensuring stable and consistent rental income. Sherman Oaks is renowned for its tranquil suburban atmosphere, making it an ideal setting. The neighborhood's proximity to major studios further adds to its allure, attracting residents working in the thriving movie and TV industry. Residents of Sherman Oaks benefit from an array of upscale shopping options, including the nearby Westfield Mall and Sherman Oaks Galleria, along with a variety of local restaurants and boutiques. Outdoor enthusiasts will appreciate the abundance of parks, including the popular Van Nuys-Sherman Oaks Park, providing ample opportunities for leisure and recreation. Convenient access to major transportation lines such as the 101 and 405 freeways ensures seamless connectivity to surrounding areas, further enhancing its desirability as a place to live. Overall, 4916 Hazeltine Ave presents an enticing opportunity for investors looking to capitalize on the stability and potential of the Sherman Oaks real estate market.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-18T00:33:16.533. 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
www.playavistaliving.com/homes/148972514
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4916 Hazeltine Avenue Sherman Oaks, CA 91423

  • Price: $2,500,000
  • Status: Active Under Contract
  • On Site: 81 Days
  • Updated: 148 min ago
  • ID#: 24373617
14
Beds
0
Baths
0
½ Baths
0.18
Acres
7,068
SQFT
$354
$/SQFT
1958
Built
Neighborhood:
SO - Sherman Oaks
County:
Los Angeles
Area:
SO - Sherman Oaks
Property Description
4916 Hazeltine Ave, in the highly sought-after neighborhood of Sherman Oaks, presents a fantastic income opportunity with its 100% occupied, eight-unit building. With its ASSUMABLE FINANCING AT 3.51%, spacious 7,068 square footage building situated on a generous 7,908 square foot lot, this investment offers both size and potential. The prime Sherman Oaks location further enhances its appeal, providing easy access to all the amenities and attractions the area offers. Featuring a well-balanced apartment mix, including (2) three-bedroom units, (2) two-bedroom units, and (4) one-bedroom units, this property caters to a diverse range of tenants, ensuring stable and consistent rental income. Sherman Oaks is renowned for its tranquil suburban atmosphere, making it an ideal setting. The neighborhood's proximity to major studios further adds to its allure, attracting residents working in the thriving movie and TV industry. Residents of Sherman Oaks benefit from an array of upscale shopping options, including the nearby Westfield Mall and Sherman Oaks Galleria, along with a variety of local restaurants and boutiques. Outdoor enthusiasts will appreciate the abundance of parks, including the popular Van Nuys-Sherman Oaks Park, providing ample opportunities for leisure and recreation. Convenient access to major transportation lines such as the 101 and 405 freeways ensures seamless connectivity to surrounding areas, further enhancing its desirability as a place to live. Overall, 4916 Hazeltine Ave presents an enticing opportunity for investors looking to capitalize on the stability and potential of the Sherman Oaks real estate market.
Exterior Features

Architectural Style Traditional Attached Garage YN Yes Carport YN Yes Entry Location Ground Level - no steps Parking Features Attached Carport Parking Total 8 Pool Features None Pool Private YN No Spa Features None Spa YN No

Interior Features

Appliances DisposalRefrigerator Heating Wall Furnace Heating YN Yes

Property Features

Association YN No Cap Rate 5.1 Disclosures Rent ControlSeller Disclosure Gross Income 179390 Laundry Features Common Area Levels Two Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 127701 New Construction YN No Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Tenant Pays Cable TVElectricityGas Vacancy Allowance Rate 0 Zoning LAR3



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-18T00:33:16.533. 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
 
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Team Tami | Palm Realty Boutique
323 Culver Blvd.
Playa del Rey CA, 90293
Listing Agent(s): Laura Klein of KRE + Associates (310-459-7765)