$1,195,000
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14329 Tiara Street Sherman Oaks, CA 91401
Apartment
Residence
Beds
Baths
...
Bed/Bath
3,396
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
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.
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MLS#
SR24159057
Property Type
Apartment
Year Built
1940
Square Feet
3,396
sq. ft
Lot Size
0.16
Stories
2.0
Sewer
Sewer Connected, Public Sewer
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