14857 Hartsook Street — Sale in Sherman Oaks, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Sherman Oaks, CA 91403

Investment Figures

Cap rate
5.15%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

14857 Hartsook is a classic garden apartment build in 1960 and situated in a prime Sherman Oaks pocket, six units across approximately 5,958 square feet on a roughly 6,075 square-foot lot, positioned as a low-maintenance, value-add play with clear revenue growth through unit-by-unit renovations and operational optimization. The property sits in the City of Los Angeles within the Van Nuys–North Sherman Oaks Community Plan Area and is covered by the Rent Stabilization Ordinance (RSO), supporting durable occupancy while allowing investors to capture upside through natural turnover. Operational risk is muted by meaningful system work already completed: a Class A/B cool roof replacement in 2016 and a soft-story seismic retrofit with Certificate of Compliance issued in 2019, two of the highest-impact capital items for assets of this vintage. Additional permits reflect plumbing re-pipe (2004), earthquake shut-off valves (2003), HVAC wall-heater change-outs, kitchen hood ducting upgrades, and earlier garage repairs, reducing near-term capex exposure and supporting smooth financing. The site is zoned [Q]RD1.5-1-RIO (Low Medium II Residential) within the Los Angeles River Implementation Overlay and mapped along a High-Quality Transit Corridor, reinforcing the long-term attractiveness of the location. While within a Liquefaction Zone, the parcel is outside the FEMA Flood Zone (per ZIMAS environmental layers). These planning and environmental facts inform prudent underwriting without detracting from the property’s infill fundamentals. Unit sizes in this micro market typically support stable, family-oriented tenancy, and the building’s assessed bedroom/bathroom count (10/10 across six units) indicates a balanced mix suitable for a light-to-moderate interior upgrade program, new finishes, appliance packages, and bath refreshes, to meet neighborhood rent expectations. Based on your direction and current rent-survey context, we view about 26 percent rent upside as a reasonable targ

Market Context

This multifamily in Sherman Oaks, CA is listed for sale. It is offered at an approximate 5.2% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 100 days. Compare it against other multifamily listings for sale in Sherman Oaks, CA — view the full market.

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