Sherman Oaks, CA 91401,5851 HAZELTINE AVE
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Sherman Oaks, CA 91401,5851 HAZELTINE AVE
Sherman Oaks, CA 91401,5851 HAZELTINE AVE
Sherman Oaks, CA 91401,5851 HAZELTINE AVE
Sherman Oaks, CA 91401,5851 HAZELTINE AVE

$8,000,000

Est. payment /mo

$8,250,000

3.0%
Est.Price: ?

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5851 HAZELTINE AVE Sherman Oaks, CA 91401

0.57 Acres Lot

SOLD DATE : 05/06/2022

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

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CRMLS – RECore
Listed by Brett Sanson Marcus & Millichap
Bought with Brett Sanson Marcus & Millichap
agent

James Studnicka Jr.

Agent | License ID: 01467393

+1(310) 994-6034

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