5707 Tilden Ave — Sale in Sherman Oaks, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Sherman Oaks, CA 91401

Investment Figures

Cap rate
6.58%

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

Marcus & Millichap is pleased to announce the opportunity to purchase 5707 Tilden Avenue, a six-unit multifamily property in prestigious Sherman Oaks, CA. 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. A new owner may seek to take advantage of the architectural plans for two potential ADUs, which could increase both the monthly income and the property value even further. 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 and fine dining destinations along Ventura Boulevard less than two miles south. Investment Highlights: • Rare 6.58% In-Place CAP Rate in Desirable Sherman Oaks • Attractive GRM, CAP Rate, Price per Unit, and Price per Square Foot Relative to Similar Recent Closings • Not on LADBS Seismic Retrofit List (Buyer to Verify) • Storage Units Provide Additional $1,000 per Month in Supplemental Income • Architectural Plans for Two Potential ADUs • High Barrier to Homeownership – Median Home Value in Sherman Oaks is $1,215,058, Forcing More Residents into Apartment Rentals • Reduced Expenses as Trash Service is Provided by City at No Cost to Owner

Market Context

This multifamily in Sherman Oaks, CA is listed for sale. It is offered at an approximate 6.6% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 101 days. Compare it against other multifamily listings for sale in Sherman Oaks, CA — view the full market.

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