4188 Greenbush Ave, Sherman Oaks, CA 91423

Property Description

i am pleased to offer for sale, for the first time in over40 years, the Regency Apartments. The subject property is a 10-unit apartment building located in prime Sherman Oaks, one of the preeminent markets in Los Angeles. The property is comprised of one building with 10 parking spaces and a laundry room on a 7,640 square foot lot. Built in 1964, the unit mix consists of two studio units, four one-bedroom units, and four one bedroom loft units. The Regency has been owned by the same family for over 40 years. Additionally, while the building has been well-maintained, the property is perfectly suited for a comprehensive renovation that would allow investors the ability to increase rental income by more than 38% post renovation. Given the property's prime Sherman Oaks location, south of Ventura Boulevard and significant value-add component, Regency Apartments is well-suited to provide investors with healthy returns and long-term appreciation.