Sherman Oaks (los Angeles), CA 91401,14329 Tiara Street
Listed by Mark Gilmore • RE/MAX One
Bought with General NONMEMBER • NONMEMBER MRML

$930,000

Est. payment /mo

$1,195,000

22.2%
Est.Price: ?

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14329 Tiara Street Sherman Oaks (los Angeles), CA 91401

3,396 SqFt

SOLD DATE : 10/04/2024

Key Details

Sold Price $930,000

Property Type Commercial

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 3,396 sqft

Price per Sqft $273

MLS Listing ID CRSR24159057

Sold Date 10/04/24

HOA Y/N No

Originating Board Datashare California Regional

Year Built 1940

Lot Size 6,906 Sqft

Property Description

This five unit asset is located in the annexed neighborhood of Sherman Oaks (formerly Van Nuys) and has HUGE upside rent potential. Because this area is undergoing revitalization, the property's future value may also be enhanced as a result. Located close to transportation corridors, there is easy freeway access, only minutes to the Encino-Balboa Recreation facility, as well as Woodley Lake. There are abundant jogging paths, soccer fields and paddle boats which makes this location a high demand area for tenants. The building itself has a unit mix of one 2-bedroom unit and four 1 bedroom units. There is off-street parking at the back of the building for added tenant convenience. Tenants have been in the property long term and rents simply have not been raised. The building is fully leased and there are no vacant units. The property is a prime investment opportunity for those looking to capitalize on its potential. This is an excellent canvas for the investor with creativity and imagination to unlock the hidden value in this jewel.

Location

State CA

County Los Angeles

Interior

Heating Natural Gas

Cooling Wall/Window Unit(s)

Fireplace No

Laundry Community Facility, Other

Exterior

View None

Building

Water Public

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Alessandra Imanabadi

Alessandra Imanabadi

Nationwide Fine Homes

+1(510) 504-2528

Our team is ready to help you sell your home for the highest possible price ASAP


Bay East AOR and Contra Costa AOR

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Alessandra Imanabadi

Broker/ Realtor | License ID: 01390368 NMLS Lic.# 328245

+1(510) 504-2528

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