Description

This well-maintained 6-unit townhouse-style property is a great opportunity in the heart of Sherman Oaks. Projected CAP rate and Gross Income are based on full occupancy assumptions. The seller has priced the property significantly below the original purchase price, making it a very attractive deal in today's market. Built in 2022, the property is still very new and easy to maintain. The building is designed as a modern two-story townhouse complex over a basement garage, and all units offer comfortable and functional layouts. The property features a strong unit mix: Two 1-bedroom / 2-bath units Two 2-bedroom / 3-bath units Two 3-bedroom / 3-bath units Each unit provides spacious living areas with a modern design, offering both comfort and style for tenants. Currently, two units are vacant, which provides flexibility for an owner-user or the opportunity to lease at market rent. Located at 14550 Burbank Blvd in Sherman Oaks, the property sits in a highly desirable area near Encino and Studio City. Sherman Oaks is one of the most popular neighborhoods in the San Fernando Valley, known for its great restaurants, shopping, and entertainment. The location also offers easy access to major freeways and LAX, making travel convenient. It is just a short drive to places like Universal Studios, the LA Zoo, and Santa Monica. Overall, this is a rare chance to own a newer construction, low-maintenance investment property in a prime location at a very competitive price.