13 Units in Prime Sherman Oaks 4546 Murietta Ave

KW Commercial is pleased to present 4546 Murietta Avenue, Sherman Oaks (91423), a 13-unit apartment building being offered for sale for the first time in nearly 40 years. 4546 Murietta is located between Valleyheart Drive and Moorpark Street, which is considered one of SFV's most stable and dynamic rental markets. It offers easy access to an enormous and diverse set of employers. The immediate area has historically provided investors with exceptional long-term capital appreciation and wealth preservation.
4546 Murietta Avenue, built in 1965 and comprised of 10,606 SF of improvements, features oversized apartments and an ideal unit composition of Six (6) One-Bedroom | One-Bathroom, Six (6) Two-Bedroom | Two-Bathroom, and One (1) Three-Bedroom | Two-Bathroom apartment homes. The units surround a quiet gated court area with drought-tolerant landscaping. The offering is situated on a large parcel measuring 13,587 square feet. Most unit interiors feature wood flooring and central air conditioning and could benefit from systematic upgrading as units turn over.
A significant delta exists between current rents and the area's market rents. While producing stable current income, the property would be well-served by interior unit updates as units tun-over, operational efficiencies, progressive management practices, implementing RUBS utility billing, and sourcing additional revenue streams. Resident amenities include parking for 13 vehicles, a common-area laundry room, gated entry, drought-tolerant landscaping, well-kept common areas, and separate gas and electrical utilities.
Sherman Oaks is one of LA's most stable and desirable suburban neighborhoods. Furthermore, the subject property offers residents access to a myriad of entertainment venues, travel corridors, and dining options in and around the surrounding neighborhoods.