4503 Fulton Avenue, Sherman Oaks, CA 91423

$2,035,055

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List Agent Jill Fischer-Politz () 818-231-9207 Beverly and Company, Inc.; CoList () Courtesy of Selling Office: Real estate Ebroker, Navid Barahmand - Selling Agent DRE# and Courtesy of Listing Office Beverly and Company, Inc., Jill Fischer-Politz - Agent DRE#

Sold Price
$2,035,055
List Price
$2,250,000
Closing Date
Aug 09, 2024
Status
CLOSED
MLS#
SR24126500
Year Built
1950
Lot Size
6,911
Lot Location
0-1 Unit/Acre
Days on Market
11
Property Type
Multifamily
Property Sub Type
Mixed Use
Stories
Two Levels

Property Description

First Time on the Market in Over 50 Years! Welcome to this unique investment opportunity in the heart of Sherman Oaks! This charming eight unit apartment building offers exceptional potential for both investors and residents. Nestled in a highly desirable Sherman Oaks neighborhood, this property features eight spacious 1-bedroom, 1- bathroom apartments, consistently in high demand due to their prime location. Property Highlights: • Prime Location: Situated in a vibrant area of Sherman Oaks, renowned for its excellent shopping options, fine dining, and entertainment venues. Enjoy the convenience of living close to The Sherman Oaks Galleria, Westfield Fashion Square, and an array of local boutiques. • Accessibility: Ideal for commuters, with easy access to the 101 and 405 Freeways, ensuring a smooth journey to downtown Los Angeles, the San Fernando Valley, and beyond. • Rental Potential: The 1-bedroom units are always easy to rent, making this property a stable and lucrative investment. The excellent location and charming neighborhood appeal to a wide range of tenants. Each unit has a separate gas and electric meter. There are 6 parking spaces at the rear of the property. First time on the market in over half a century, this property retains much of its original charm while offering the potential for modern updates and increased value. This property is perfect for those looking to invest in a sought-after location with consistent rental demand. Don’t miss out on this rare opportunity to own a piece of Sherman Oaks history.

Additional Information

Pool Description
None
Heat
Wall Furnace
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Sewer
Public Sewer
Water
Public

Mortgage Calculator

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Calculator source: Real Geeks

Based on information from CRISNet MLS as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.