4646 Natick Avenue

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We are proud to represent this 18 unit plus 2 additional non-conforming units apartment building in Sherman Oaks. The non conforming units are in the process of being legalized with the city with permits expected in 2018. The building was constructed in 1968. Its unit mix consists of (3) one-bedroom, one-bathroom units, (9) two-bedroom, two-bathroom units, (2) two-bedroom, two-bathroom and a den units and (4) three-bedroom and two-bathroom units (converted from 2+2+den units). With a lot size of 14,245 square feet, the property has a total of 26,910 rentable square feet. There are (2) non confirming units that bring in an additional $1000 each per month. There is an existing loan in the approximate amount of $3,500,000 that was originated in 2015. The loan is at 3.35% interest that is fixed until October 16, 2020. The property is situated in a prime Sherman Oaks area, which has a comfortable blend of urban and suburban amenities. Along with sunny, clean sidewalks, the city offers many hip cafes and shops — especially on Ventura Boulevard, which features the Sherman Oaks Galleria and many upscale restaurants. Residents also have easy access to the 405 and 101 freeways. The building’s amenities include an indoor pool, balconies, central HVAC units, secured parking, and lush landscaping. It is separately metered for gas and electricity
4646 Natick Avenue, Sherman Oaks, CA 91403 | Residential Income | Pending | 26910 SF | 14245 SF Lot | Built 1968 | MLS# SR18168263

Pending $7,600,000

Features

Pool: Yes

Meet an expert

Troy Palmquist
Agent | DRE# 01772139

805.409.3662

Based on information from California Regional Multiple Listing Service, Inc. as of July 21, 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Listing provided by
Cindy Hill, Keller Williams Realty-Studio, Source: Local MLS