Active
14065 Moorpark Street, Sherman Oaks (los Angeles)
Sherman Oaks ( los Angeles ) CA, 91423
$7,350,000
$364.19 per sqft
Active
20,182 sqft
Other
Built in 1956
We are pleased to exclusively present Park Seville, a rare 30-unit value-add opportunity located at 14065 Moorpark Street in the heart of Sherman Oaks, California. This mid-century gem offers a compelling investment opportunity in one of the most desirable neighborhoods of the San Fernando Valley.Park Seville is a two-story, walk-up building situated on a 23,882-square-foot lot. It features an appealing unit mix of 11 studio units, ten one-bedroom/one-bathroom units, and nine two-bedroom/one-bathroom units, designed with efficient layouts to cater to the local renting community. Thoughtfully maintained by current ownership, which includes the original developer, upgrades include copper re-piping, new electrical subpanels, and select unit enhancements upon turnover. As units turn over, investors can capture an estimated 37% upside potential in rents by implementing high-end finishes sought after by modern Sherman Oaks renters. The property also maintains an expansive interior courtyard with a pool, an on-site shared laundry facility, and secured garage parking for 22 of the 30 units eight of the studio units are not provided with a parking space.The property's prime location just steps from Ventura Boulevard positions it near Los Angeles' most iconic retail and dining establishmen
CL25484527
MLSⓇ ID
January 16, 2025
Listed
January 17, 2025
Updated
Map
14065 Moorpark Street, Sherman Oaks (los Angeles)
Sherman Oaks ( los Angeles ) CA, 91423
Interior Features
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Floor Furnace
Exterior/Building Features
Lot Size
0.55 Acres
Other Property Details
Area Name
Sherman Oaks (los Angeles)
Garage
No
Parking
Covered
View
No
County
Los Angeles
Pool
No
Zoning
LAR3
Listed by Filip Niculete with Marcus & Millichap
Listing Contact: 818-212-2817
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