CA > Sherman Oaks
Sherman Oaks, CA 91401,5707 Tilden AVE
Sherman Oaks, CA 91401,5707 Tilden AVE
Sherman Oaks, CA 91401,5707 Tilden AVE
14
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$1,615,000
Est. payment /mo
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8 Beds
6 Baths
4,618 SqFt
New

5707 Tilden AVE Sherman Oaks, CA 91401

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Patrick Fossati

Patrick Fossati

+1(805) 910-0463

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,618 sqft

Price per Sqft $349

MLS Listing ID 25569175

Bedrooms 8

HOA Y/N No

Year Built 1952

Lot Size 6,751 Sqft

Property Description

With its high in-place CAP Rate of 6.22%, the property is one of the most attractively priced listings within one of the most desirable neighborhoods of Los Angeles. Because the property does not appear on the Los Angeles Department of Building & Safety's seismic retrofit list, a new owner benefits by saving on an otherwise costly expense (Buyer to verify). Expenses are reduced even further by the fact that trash service is provided by the City of Los Angeles at no cost to the landlord. A substantial revenue stream is generated by the property's storage units, which currently provide an additional $1,000 monthly beyond the apartment rental income collected. A new owner may seek to take advantage of the approved architectural plans for two potential ADUs, which could increase both the monthly income and the property value even further. Located near the intersection of Van Nuys Boulevard and Burbank Boulevard, the building attracts residents with its convenient access to the amenities within Sherman Oaks, Studio City, Encino, and Valley Village. Costco and Target are each within a short driving distance, while the Westfield Fashion Square is just 1.7 miles away, with the high-end boutiques and fine dining destinations along Ventura Boulevard less than two miles south

Location

State CA

County Los Angeles

Area So - Sherman Oaks

Zoning LARD1.5

Interior

Fireplace No

Exterior

Parking Features Assigned

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 2245006012

Special Listing Condition Standard

CRMLS – RECore
Listed by Roderick 'Rick' Raymundo Marcus & Millichap

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agent

Patrick Fossati

Broker Associate | License ID: 01907255

+1(805) 910-0463

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