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13718 Moorpark St

12 Unit Block of Flats £3,002,590 (£250,216/Unit) 3.69% Net Initial Yield Sherman Oaks, CA 91423

Investment Highlights

  • Built in 1990 - Three floors over parking garage
  • Offered below replacement cost at $260 per foot
  • 6: 2 br 2.5 ba townhomes, 6: Singles/Jr. 1
  • Prime Sherman Oaks location. Appx 195' frontage
  • SCEP completed in 2023 - SB721 not performed
  • Central HVAC - Fireplaces - Balconies

Executive Summary

The Moorpark Street property currently consists of twelve multifamily units with a unit mix of six, two bedroom two and one half bath
townhouse units and six singles (or Jr. one bedroom units). The property has 194.8 feet of frontage along Moorpark Street and is zoned
R3. There are three stories built over two enclosed parking garages. Though the property could use some freshening up, we believe this
to be a unique opportunity to own 1990's construction with an interesting unit mix and modern appointments.

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £3,002,590
Price Per Unit £250,216
Sale Type Investment
Net Initial Yield 3.69%
Gross Rent Multiplier 14.01
No. Units 12
Property Type Residential
Property Subtype Apartment
Apartment Style Mid Rise
Building Class C
Lot Size 0.22 AC
Building Size 14,704 SF
Number of Floors 3
Year Built 1990
Parking Ratio 1.22/1,000 SF

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
Studios 6 £1,085 -
2+2.5 6 £1,861 -
Walk Score ®
Very Walkable (88)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
2271-018-019
Land Assessment
£272,180 (2024)
Improvements Assessment
£1,088,749 (2024)
Total Assessment
£1,360,929 (2024)

zoning

Zoning Code LAR3 (Low Density Apartment Residential Zone)
LAR3 (Low Density Apartment Residential Zone)
  • Listing ID: 33949497

  • Date on Market: 21/11/2024

  • Last Updated:

  • Address: 13718 Moorpark St, Sherman Oaks, CA 91423

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