Sherman Oaks, CA 91403,4524 Vista Del Monte AVE
Sherman Oaks, CA 91403,4524 Vista Del Monte AVE
Sherman Oaks, CA 91403,4524 Vista Del Monte AVE
Sherman Oaks, CA 91403,4524 Vista Del Monte AVE
Sherman Oaks, CA 91403,4524 Vista Del Monte AVE
Sherman Oaks, CA 91403,4524 Vista Del Monte AVE
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$3,620,000

$3,648,000

0.8%
Est.Price: ?

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Est. payment /mo

13 Beds

14 Baths

7,614 SqFt


SOLD DATE : 07/12/2024

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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California Regional MLS (CRMLS)
Listed by Nick Astrupgaard • KW Commercial Studio City
Bought with Tyson Dexter • Carnahan-Dexter Property Management Inc.
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