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$7,350,000
Est. payment /mo
20,182 SqFt
UPDATED:
02/07/2025 04:09 PM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 20,182 sqft
Price per Sqft $364
MLS Listing ID CL25484527
HOA Y/N No
Year Built 1956
Lot Size 0.548 Acres
Acres 0.55
Property Sub-Type Other
Property Description
We are pleased to exclusively present Park Seville, a rare 30-unit value-add opportunity located at 14065 Moorpark Street in the heart of Sherman Oaks, California. This mid-century gem offers a compelling investment opportunity in one of the most desirable neighborhoods of the San Fernando Valley.Park Seville is a two-story, walk-up building situated on a 23,882-square-foot lot. It features an appealing unit mix of 11 studio units, ten one-bedroom/one-bathroom units, and nine two-bedroom/one-bathroom units, designed with efficient layouts to cater to the local renting community. Thoughtfully maintained by current ownership, which includes the original developer, upgrades include copper re-piping, new electrical subpanels, and select unit enhancements upon turnover. As units turn over, investors can capture an estimated 33% upside potential in rents by implementing high-end finishes sought after by modern Sherman Oaks renters. The property also maintains an expansive interior courtyard with a pool, an on-site shared laundry facility, and secured garage parking for 22 of the 30 units eight of the studio units are not provided with a parking space.The property's prime location just steps from Ventura Boulevard positions it near Los Angeles' most iconic retail and dining establishmen
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Floor Furnace
Fireplace No
Building
New Construction No
Others
Tax ID 2271013007
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Listed by Filip Niculete • Marcus & Millichap
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Parisa Samimi
Founder & Real Estate Broker | License ID: 01858122
Founder & Real Estate Broker License ID: 01858122