4528 Murietta Avenue
Sherman Oaks, CA, 91423 $ 3,795,000
Bedrooms18 Baths12.0 Sq 9,784 Monthly Estimate*
$ 26,509
Listed by Marcus & Millichap
for $3,795,000 with 18 bedrooms and 12 full baths. This 9,784 square foot home was built in 1956 on a lot size of 0.3119.
We are pleased to present 4528 Murietta Avenue, a 12-unit multifamily property located in the heart of Sherman Oaks. This property represents an exceptional opportunity for investment in a highly sought-after pocket of the San Fernando Valley, situated only two blocks from Ventura Boulevard. 4528 Murietta Avenue has been well maintained and is an ideal choice for investors seeking approximately 45% in rental upside through an interior renovation program. Constructed in 1956, this two-story property comprises six 1-bedroom/1-bathroom units and six 2-bedroom/2-bathroom. Three of these units have undergone renovations featuring white shaker kitchen cabinetry, stone countertops, and updated bathrooms, while most units have received new vinyl plank or wood laminate flooring. Most of the remaining units have had kitchens renovated prior to current ownership. Five of the ground floor units feature private patios while the sixth has a private yard. All the second-floor units have a living room balcony. The floorplans for 1-bedroom and 2-bedroom units are identical and units are stacked allowing for efficient plumbing upgrades. All units are equipped with central HVAC, dishwashers, fireplaces and are individually metered for gas and electricity utilities. Currently there is one renovated 1-bedroom unit that is vacant and the potential for a 2-bedroom unit to be delivered vacant at the close of escrow. The property includes 16 parking spaces and an on-site laundry room. Capital expenditures have ensured the property's well-maintained condition, including horizontal copper piping, high quality vinyl patio enclosures, upgraded electrical panels, and seismic gas shut-off valves. Annual roof maintenance has been completed and an investor can expect an additional 10-years of roof life (Buyer to verify). 4528 Murietta Avenue is conveniently situated between Valleyheart Drive and Moorpark Street, with Hazeltine Avenue to the west and Woodman Avenue to the east. Residents have easy access to several nearby bus stops on Hazeltine Avenue, Moorpark Street, and Ventura Boulevard. Moreover, its proximity to Ventura Boulevard with its variety of retail shops, restaurants, offices, shopping centers, and other places of business ensures a high demand for rental units in one of the San Fernando Valley's most popular neighborhoods. For commuters, the property is within minutes from the Woodman Avenue and Van Nuys Boulevard on and off ramps to the 101 Freeway, allowing access throughout the San Fernando Valley and into the city of Los Angeles.
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FeaturesGeneralHeating Central
Cooling CentralAir
Appliances Dishwasher Refrigerator
Zoning LAR3
Year Built 1956
Stories 2
Levels Two
Gross Income 255238.0
County Los Angeles
Net Operating Income 158112.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions Head North on Hazeltine Avenue turn right onto Milbank Street then turn left onto Murietta Avenue. The subject property is located in between Milbank Street and Valleyheart Drive.
City Sherman Oaks
View Y/N N
Senior Community Y/N N
Open Parking Spaces 9.0
Total Units 12
MLS Area SO - Sherman Oaks
Lot Size Square Feet 13588.0
Private Pool N
Waterfront Y/N N
Carport Y/N Y
Street Name Murietta
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 23
Standard Status Active
Cap Rate 4.17
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ExteriorParking Features Covered Carport Uncovered
Total Parking 16.0
Lot Size Area 13588.0
Number of Buildings 1
Spa N
Building Area Total 9784.0
Lot Size Acres 0.3119
Lot Size Units SquareFeet
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorFireplace Features LivingRoom
Total Stories 2
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N Y
Full Baths 0
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Street Suffix Avenue
Laundry Features CommonArea
Total Bedrooms 18
Electric On Property Y/N N
Total Baths 12
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $26,509
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Sherman Oaks, CA
Average List Price $3,305,957
Percent of Sale Price 13%
About Sherman Oaks, CA 49,360 Population
0% Since 2002
$ 0 Median Income
0 Median Age
19% Households with Children
Trends Information provided by ATTOM Data Solutions.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
4/12/2024 | $3,795,000 | -3.92% | Price Down |
3/21/2024 | $3,950,000 | | Listed Price |