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$6,595,000
Est. payment /mo
19,660 SqFt
UPDATED:
01/21/2025 12:05 AM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 19,660 sqft
Price per Sqft $335
MLS Listing ID CL24462691
HOA Y/N No
Year Built 1955
Lot Size 0.568 Acres
Acres 0.57
Property Sub-Type Other
Property Description
BEST DEAL IN SHERMAN OAKS! INCREDIBLE PRICE REDUCTION RESULTING IN 5.46 CAP AND 11.25 GIM IN A+ LOCATION OF SHERMAN OAKS. 4421-4427 Murietta Avenue, commonly known as the Santorini Villas, is a prestigious opportunity to acquire a quintessential value-add property situated in one of the best rental locations in prime Sherman Oaks. The beautiful open courtyard property boasts an ideal unit mix consisting of all large 1 and 2-bedroom units. Each of the units is spacious, has a terrific floor plan, and offers an abundance of natural light. Built in 1955, the property is an ideal mid-century gem ideally positioned just steps from vibrant Ventura Blvd. The Santorini Villas feature a unit mix of (16) 2-bedroom, 1-bathroom units and (8) 1-bedroom, 1-bathroom units. Interiors have hardwood floors (select units), spacious kitchens/bedrooms/bathrooms, and are separately metered for gas and electricity. Other property features include a well landscaped courtyard, a large sparkling pool, copper plumbing, an intercom entrance, a pitched roof, and ample on-site parking which is exempt from soft story retrofit (Buyer to verify). Close to some of the Valley's best dining and nightlife, this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Wall Furnace
Fireplace No
Building
New Construction No
Others
Tax ID 2271013011
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Listed by Jonathan Taksa • Remax Commercial and Investment Realty
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