Sun Valley, CA 91352,11147 SHERMAN WAY

$665,000

Est. payment /mo

$675,000

1.5%
Est.Price: ?

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11147 SHERMAN WAY Sun Valley, CA 91352

SOLD DATE : 10/07/2016

Key Details

Sold Price $665,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 16148358

Sold Date 10/07/16

HOA Y/N No

Year Built 1955

Property Description

We are pleased to present the opportunity to acquire this 4 unit apartment building located on a major thoroughfare of the North Hollywood Sub Market of the City of Los Angeles. All four units are good sized two-bedroom one bath floorplans of approximately 825 sq. ft. The property has had many recent upgrades including new windows in 2014, copper plumbing in 2009, roof is known to be free of leaks and in sound condition. Zoned LAR3 and is on a raised foundation then wood frame and stucco. The building is a solid investment in which an investor can apply the basic property management action to increase rents over time and tap into the upside of this property which is currently about 100%. The property was built in 1955 and is subject to rent control. Principals are encouraged to contact listing broker to discuss a plan of accelerating the upside on this property.

Location

State CA

County Los Angeles

Area Sunv - Sun Valley

Zoning LAR3

Interior

Cooling None

Fireplace No

Laundry None

Exterior

Total Parking Spaces 4

Building

Story 2

Others

Tax ID 2315028009

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Ricardo Dantas • Ricardo Dantas
Bought with Ricardo Dantas • Ricardo Dantas

John Vogel

Real Estate Advisor | License ID: DRE 01445571

+1(760) 712-2437

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