19 Units in Sherman Oaks - 15286 Sutton Street, Los Angeles, CA
9,560 ft²Multifamily$5,350,000Sale
19 Units in Sherman Oaks Modern Architecture in Premier Location
• Offering Price of $5,350,000 • Only $281,579 per Unit • Current GRM 11.2 | Market GRM 9.7 • Current Cap Rate 5.5% | Market Cap Rate 6.9% • Parking For 15 Vehicles • Majority of Units Upgraded / Renovated • South of Ventura Boulevard and Close to Whole Foods, Blue Dog Tavern, The Galleria, 24-Hour Fitness, and Numerous Other Entertainment Venues • 5% Annual Rent Increases due to Master-Metered for Electricity and Gas Utilities • RUBs System (Ratio Utility Billing System) In-Place - Unit Composition: Thirteen (13) Large Studios and Six (6) 1+1’s Bldg. SF - 9,560 (includes 1,416 SF for Three (3) Newly Built ADU’s) Year Built - 1964 / 2024 for Three(3) ADU’s -Located Between Ventura Blvd. and Valley Vista Blvd. One Block South of Whole Foods Market