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14645 Ventura Boulevard

Sherman Oaks, CA 91403
  • $12,000,000
  • STATUS: Active
  • ON SITE: 15 Days
  • ID#: 22182271
UPDATED: 180 min ago
$12,000,000
  • 0
    BEDS
  • 0.35
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1967
County:

School Ratings & Info

Listing Agent(s): Steve Sax of Keller Williams Realty Calabasas (818-657-6500)


Description

THIS IS A PORTFOLIO SALE OF 5 APN's on Ventura Blvd and on Moorpark Street directly behind. (2265-005-018; 2265-005-017; 2265-005-016; 2265-005-003; 2265-005-002). PLEASE SEE AND DOWNLOAD Operating Memorandum Included In a nutshell, the commercial properties on Ventura Blvd. consists of approximately 11,300 square feet of retail space sitting on a 19,117 sq foot lot with a market rental value of $3.50 per square foot ($39,550 per month).The two residential units comprising 1,312 sq feet above that retail space at 14643 and 14641 are 1 bed 1 bath units getting $1,030 per month in rent each with market rental rates of $1,600 per month each. That offers the recipient $42,750 per month of gross rent, or $513,000 per year (NNN). The 4-Unit apartment on Moorpark have closed comps averaging $554 per sq. foot for 4-units in Sherman oaks over the last year. 14620 Moorpark is 2,640 square feet. Selling at $600 per sq. foot gives a $1,580,000 value.The two adjacent vacant lots can be developed or demo and combine all 3 parcels on the 19,140 square feet and build 30-40 units. Buyer to verify with city unit volume. Generational Property in Iconic location in Sherman Oaks, On Prime central location on Ventura Boulevard. *For sale offered at $12,000,000 *The subject properties have been in a family trust for 3 decades. *The master lease and ALL leases expire on 12/31/2022. * The master leaseholder will irrevocably retain all rental income through lease expiration. * The first time on the market in 3 decades. * The average current retail comparable value for these assets closed at $866 per square foot. * 3 Prime contiguous lots on Moorpark Street, Zoned Multifamily for Development

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-09T00:27:42.27. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Nest Real Estate. Licensed in the State of California, USA.
www.amayarealestategroup.com/homes/131222339
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14645 Ventura Boulevard Sherman Oaks, CA 91403

  • Price: $12,000,000
  • Status: Active
  • On Site: 15 Days
  • Updated: 180 min ago
  • ID#: 22182271
0
Beds
0
Baths
0
½ Baths
0.35
Acres
1967
Built
Neighborhood:
SO - Sherman Oaks
County:
Los Angeles
Area:
SO - Sherman Oaks
Property Description
THIS IS A PORTFOLIO SALE OF 5 APN's on Ventura Blvd and on Moorpark Street directly behind. (2265-005-018; 2265-005-017; 2265-005-016; 2265-005-003; 2265-005-002). PLEASE SEE AND DOWNLOAD Operating Memorandum Included In a nutshell, the commercial properties on Ventura Blvd. consists of approximately 11,300 square feet of retail space sitting on a 19,117 sq foot lot with a market rental value of $3.50 per square foot ($39,550 per month).The two residential units comprising 1,312 sq feet above that retail space at 14643 and 14641 are 1 bed 1 bath units getting $1,030 per month in rent each with market rental rates of $1,600 per month each. That offers the recipient $42,750 per month of gross rent, or $513,000 per year (NNN). The 4-Unit apartment on Moorpark have closed comps averaging $554 per sq. foot for 4-units in Sherman oaks over the last year. 14620 Moorpark is 2,640 square feet. Selling at $600 per sq. foot gives a $1,580,000 value.The two adjacent vacant lots can be developed or demo and combine all 3 parcels on the 19,140 square feet and build 30-40 units. Buyer to verify with city unit volume. Generational Property in Iconic location in Sherman Oaks, On Prime central location on Ventura Boulevard. *For sale offered at $12,000,000 *The subject properties have been in a family trust for 3 decades. *The master lease and ALL leases expire on 12/31/2022. * The master leaseholder will irrevocably retain all rental income through lease expiration. * The first time on the market in 3 decades. * The average current retail comparable value for these assets closed at $866 per square foot. * 3 Prime contiguous lots on Moorpark Street, Zoned Multifamily for Development
Exterior Features

Architectural Style Other Direction Faces South Parking Features AssignedDrivewayPrivateOne SpaceOn StreetUncoveredValet Parking Total 0 View City Lights View YN Yes

Interior Features

Heating Combination Heating YN Yes

Property Features

Association Fee 0 Gross Income 46041 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 0 New Construction YN No Senior Community YN No Special Listing Conditions Standard Tenant Pays Cable TvElectricity Vacancy Allowance Rate 3 Zoning Lac2



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-09T00:27:42.27. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Nest Real Estate. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_369442831-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_369442831-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_369442831-1.jpg
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Nest Real Estate
21804 Cactus Ave ste 101
Riverside CA, 92518
Listing Agent(s): Steve Sax of Keller Williams Realty Calabasas (818-657-6500)