5707 Tilden Avenue, Sherman Oaks, CA 91401
List Price: $1.59M
Listing Status: Active
Original List Price: $1.61M
0Days on Market: 355
8 Bedrooms · 6 Bathrooms · 4,618 sq ft
Property Type: ResidentialIncome
Year Built: 1952
Lot Size: 6,750 sq ft
MLS Number: 25569175
About This Property
With its high in-place CAP Rate of 6.58%, 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.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.
Listing provided by: Roderick 'Rick' Raymundo DRE #01357019 818-212-2700 Rick.Raymundo@MarcusMillichap.com, Marcus & Millichap
Source: CRMLS, MLS #: 25569175
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.