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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