$8,000,000
$8,250,000
3.0%For more information regarding the value of a property, please contact us for a free consultation.
5851 HAZELTINE AVE Sherman Oaks, CA 91401
0.57 Acres Lot
Key Details
Sold Price $8,000,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 22130015
Sold Date 05/06/22
HOA Y/N No
Year Built 1973
Lot Size 0.566 Acres
Lot Dimensions Assessor
Property Description
We are proud to present this 28 unit apartment building in a solid Sherman Oaks location. Built in 1973, the property is subject to Los Angeles City rent control. There is an excellent unit mix which includes Six Studio Units, Seventeen One-Bedroom/One-Bath Units, and Five Two-Bedroom/Two-Bath Units. The building features an expanded courtyard and a pool for residents to enjoy. The building is also secured with intercom access. Additionally, on site laundry is available for residents; this affords the building owner some additional income. Located just North of Burbank Boulevard, the property offers residents a very desirable location. Quick access to the 101 and 405Freeways, residents can easily get to plenty of dining, shopping and entertainment options nearby. With the easy freeway access, plenty of employment opportunities in the neighboring cities are also a short drive away. This opportunity is perfect for an investor looking for a long-term investment that should yield stable rental income and also has upside in rents as units turnover. ***LA City Soft Story Seismic Retrofitting work has been completed***
Location
State CA
County Los Angeles
Area So - Sherman Oaks
Zoning LAR3
Interior
Heating Wall Furnace
Fireplace No
Appliance Microwave
Exterior
Parking Features Covered, Gated
Total Parking Spaces 37
Building
Story 2
New Construction No
Others
Senior Community No
Tax ID 2245029039
Special Listing Condition Standard
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP

Bought with Brett Sanson Marcus & Millichap