4524 Vista Del Monte Avenue, Sherman Oaks, CA 91403

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.