14329 Tiara Street
Sherman Oaks, CA 91401
0.16 acres | #SR24159057
Description
This five unit asset is located in the annexed neighborhood of Sherman Oaks (formerly Van Nuys) and has HUGE upside rent potential. Because this area is undergoing revitalization, the property's future value may also be enhanced as a result. Located close to transportation corridors, there is easy freeway access, only minutes to the Encino-Balboa Recreation facility, as well as Woodley Lake. There are abundant jogging paths, soccer fields and paddle boats which makes this location a high demand area for tenants. The building itself has a unit mix of one 2-bedroom unit and four 1 bedroom units. There is off-street parking at the back of the building for added tenant convenience. Tenants have been in the property long term and rents simply have not been raised. The building is fully leased and there are no vacant units. The property is a prime investment opportunity for those looking to capitalize on its potential. This is an excellent canvas for the investor with creativity and imagination to unlock the hidden value in this jewel.
Property Details
- Lot DescriptionItem01UnitAcre
- Stories2
Measurements
- Acres0.1585
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1940
Utilities / Energy Details
- Utility FeaturesSewerConnected
- Sewer InformationPublicSewer
- Utility SourcePublic
Community and Neighborhood Details
- CountyLos Angeles
Financial Details
- Original List Price$1,195,000
Other
- MLS #SR24159057
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Mark Gilmore (#F210001639)
Listing Office: RE/MAX One (#F3188007)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
