15207 Dickens St
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15207 Dickens St
9 Unit Block of Flats £2,059,406 (£228,823/Unit) 4.46% Net Initial Yield Sherman Oaks, CA 91403
Investment Highlights
- Value Add Opportunity – Rental Upside
- On-Site Laundry & Parking
- Prime Location - South of Ventura Blvd
- Spacious 1- and 2-Bedroom Units
- New Electrical Panels
- Potential to Convert Carport Parking to ADU
Executive Summary
Andy C Kawatra, retained as the exclusive listing agent, presents 15207 Dickens Ave, a 9 unit building in a prime location of Sherman Oaks. This value-add opportunity features two story 7,944 square foot building on a 9,512 square foot lot. The property consists of 9 spacious one- and two-bedroom apartment homes. Built in 1955, the property offers hard wood and tile flooring, on-site laundry, easy access to the 101 & 405 freeways and is fully occupied. Close to The Village at Sherman Oaks, the commercial pedestrian-friendly shopping district located along Ventura Boulevard between Van Nuys Boulevard and Cedros Avenue. New electrical panels, seismic retrofit completed.
The subject property is located along Dickens Street south of Ventura Boulevard and one block east of Sepulveda Boulevard between Saugus Avenue to the west and Noble Avenue to the east. Easy access to the 101 Freeway and the 405 Freeway via Sepulveda Boulevard.
Unit 5 is vacant. Can be delivered vacant or rented.
The subject property is located along Dickens Street south of Ventura Boulevard and one block east of Sepulveda Boulevard between Saugus Avenue to the west and Noble Avenue to the east. Easy access to the 101 Freeway and the 405 Freeway via Sepulveda Boulevard.
Unit 5 is vacant. Can be delivered vacant or rented.
Property Facts
| Price | £2,059,406 | Apartment Style | Low Rise |
| Price Per Unit | £228,823 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.22 AC |
| Net Initial Yield | 4.46% | Building Size | 7,944 SF |
| Gross Rent Multiplier | 13.01 | Average Occupancy | 100% |
| No. Units | 9 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1955 |
| Property Subtype | Apartment | Parking Ratio | 1.13/1,000 SF |
| Price | £2,059,406 |
| Price Per Unit | £228,823 |
| Sale Type | Investment |
| Net Initial Yield | 4.46% |
| Gross Rent Multiplier | 13.01 |
| No. Units | 9 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 7,944 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built | 1955 |
| Parking Ratio | 1.13/1,000 SF |
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 5 | £1,308 | 750 |
| 2+1 | 4 | £1,316 | 1,000 |
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Walk Score ®
Very Walkable (83)
PROPERTY TAXES
| Parcel Number | 2276-007-012 | Improvements Assessment | £827,346 |
| Land Assessment | £1,378,912 | Total Assessment | £2,206,257 |
PROPERTY TAXES
Parcel Number
2276-007-012
Land Assessment
£1,378,912
Improvements Assessment
£827,346
Total Assessment
£2,206,257
zoning
| Zoning Code | RD1.5 (LARD1.5) |
| RD1.5 (LARD1.5) |
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15207 Dickens St
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