15286 Sutton Street, Sherman Oaks, CA, 91403

  • $5,350,000
  • $5,350,000
15286 Sutton Street , Sherman Oaks, CA 91403
Active For Sale
15286 Sutton Street , Sherman Oaks, CA 91403
  • $5,350,000
  • $5,350,000

Description

15285 Sutton Street is a 19-unit apartment community located in a premier Sherman Oaks neighborhood. The building is on a tree-lined street and boasts great freeway access to the 405. The offering allows investors to acquire an irreplaceable turn-key asset in one of LA’s most dynamic and stable markets. The property is well-maintained and has incredible curb appeal. The unit interiors offer a blend of midcentury style with modern convenience. Their vintage style offers ample cabinet and storage space in their open layout. Many units have a balcony with great natural light throughout. Ownership has just completed the buildout of three brand-new ADUs, totaling 1,416 additional square feet. The designs are modern, with brand-new bathrooms, kitchens, appliances, flooring, and sleek fixtures. Ownership has achieved great rents and set a model for future income.15286 Sutton Street is being offered for sale at a 6.2% Cap Rate and 11.2 GRM. The property is master-metered for electricity, water, and gas. Current ownership has implemented a RUBs System (Ratio Utility Billing System). The property is well-parked, with 15 onsite parking spaces. Soft-Story retrofit was completed in 2019. This building is located right off Sepulveda, two blocks south of Ventura Boulevard. It is close to Whole Foods, Blue Dog Tavern, Sherman Oaks Galleria, 24-Hour Fitness, and Yoga Studios, making it super convenient for tenants. With its prime location in Sherman Oaks, 15286 Sutton Street 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.

  • Address 15286 Sutton Street
  • City Sherman Oaks
  • State/county CA
  • Zip/Postal Code 91403

Details

Updated on May 23, 2024 at 5:30 am
  • Property ID: 24392519
  • Price: $5,350,000
  • Land Area: 0.1869 Acres
  • Year Built: 1964
  • Property Type: Residential Income
  • Property Status: Active

Additional details

  • Zone: LAR4
  • Days On Market: 8
  • LotSize SquareFeet: 8142.00

Listed by

KW Commercial Studio City
Agent Name : Nick Astrupgaard
Agent State License : 01893466

Mortgage Calculator

Monthly
  • Principal & Interest
  • Property Tax
  • Home Insurance
  • PMI
$
$
%
$
$
$

Contact Information

View Listings

Enquire About This Property

0 Review

Sort by:
Leave a Review

Leave a Review

Compare listings

Compare
Lina Chu
  • Lina Chu