14329 Tiara Street

Sherman Oaks, CA 91401

$930,000

Sold Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten / sqft

1940

calendar_month Built

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.

Listing Information

Close Price $930,000
Close Date Friday, October 4th, 2024
Status Closed
MLS SR24159057
HOA $0
Type Residential Income
Subtype Apartment
Year Built 1940
Lot Size 6,906
Structure Size N/A
DOM 47
Courtesy Of RE/MAX One
Listing Agent Mark Gilmore DRE#01193617
Co-Listing Agent Floyd Lima DRE#00786105

Interior Features

Laundry Information
Location(s) Common Area, Outside
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Cooling Type
Cooling Type Wall/Window Unit(s)

Exterior Information

Maps

Listing information courtesy of: Mark Gilmore, Floyd Lima, RE/MAX One . *Based on information from the Association of REALTORS/Multiple Listing as of Oct 5th, 2024 at 1:05 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.