Sold
15286 Sutton Street, Sherman Oaks (los Angeles)
Sherman Oaks ( los Angeles ) CA, 91403
$5,125,000
$536.09 per sqft
Sold
9,560 sqft
Other
Built in 1964
15285 Sutton Street is a 19-unit apartment community located in a premier Sherman Oaks neighborhood. The building is on a tree-lined street and boasts great freeway access to the 405. The offering allows investors to acquire an irreplaceable turn-key asset in one of LA's most dynamic and stable markets. The property is well-maintained and has incredible curb appeal. The unit interiors offer a blend of midcentury style with modern convenience. Their vintage style offers ample cabinet and storage space in their open layout. Many units have a balcony with great natural light throughout. Ownership has just completed the buildout of three brand-new ADUs, totaling 1,416 additional square feet. The designs are modern, with brand-new bathrooms, kitchens, appliances, flooring, and sleek fixtures. Ownership has achieved great rents and set a model for future income.15286 Sutton Street is being offered for sale at a 6.2% Cap Rate and 11.2 GRM. The property is master-metered for electricity, water, and gas. Current ownership has implemented a RUBs System (Ratio Utility Billing System). The property is well-parked, with 15 onsite parking spaces. Soft-Story retrofit was completed in 2019. This building is located right off Sepulveda, two blocks south of Ventura Boulevard. It is close to Whole
CL24392519
MLSⓇ ID
May 15, 2024
Listed
December 13, 2024
Updated
Map
15286 Sutton Street, Sherman Oaks (los Angeles)
Sherman Oaks ( los Angeles ) CA, 91403
Interior Features
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.19 Acres
Other Property Details
Area Name
Sherman Oaks (los Angeles)
Garage
No
View
No
County
Los Angeles
Pool
No
Zoning
LAR4
Listing History
Date | Event | Price |
---|---|---|
10/22/2024 | Sold | $5,125,000 |
Listed by Nick Astrupgaard with KW Commercial Studio City
Listing Contact: 818-432-1580
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