13573 Moorpark Street, Sherman Oaks, California 91423, Sherman Oaks, 91423 - 0 bed, 0 bath
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Sherman Oaks, California 91423
This High-Potential Investment Opportunity is a Turnkey Quadruplex listed at $2,150,000, positioned well below the $2,179,700 Fair Market Value by 1%. This valuation gap offers $29,700 in Instant Equity. Featuring an Excellent Condition Rating with Central HVAC and In-Unit Laundry, this asset provides immediate cash flow. The 10,500 sq ft lot offers significant ADU Development Potential, making it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a low-maintenance, high-growth asset in Sherman Oaks.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 13573 Moorpark Street Subject | $2,150,000* List Price | 0 | 0 | 3,132 | $696 | - |
A 13573 Moorpark Street Active | $2,249,000 List Price | 0 | 0 | 3,132 | $718 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1948, the property has undergone an extensive, high-end renovation within the last 5 years. It features modern chef's kitchens with stainless steel appliances, updated flooring, and recessed lighting. Major systems including Central HVAC, plumbing, waste lines, and windows have been replaced, resulting in a turn-key, mint-condition asset requiring no immediate maintenance.
Elementary School: Warner Avenue Elementary School (9/10).
The property is fully occupied and extensively remodeled with modern finishes, Central HVAC, and in-unit laundry, providing immediate cash flow with minimal initial capital expenditure.
Situated on an expansive 10,500 sq ft lot with existing garages, the property offers the rare potential to add up to four ADUs, providing a massive value-add opportunity for investors.
Despite the high-end reimagining, the 1948 build date may still present long-term maintenance considerations typical of older structures compared to newer developments.
While the area features some high-performing schools, the assigned middle school has a significantly lower rating, which may impact the property's appeal to families.
Proudly presenting The Moorpark West, a Fully-Occupied and Entirely Reimagined Trophy 4 Unit in the heart of Sherman Oaks, with an $11,500 Monthly Rent Roll, one block away / walking distance to Ventura Blvd, situated on an expansive 10,500 sq ft lot with endless possibilities. All 4 units are 2BD / 1BA, turn-key and have been extensively remodeled, highlighting updated flooring, Central HVAC, Custom Chef's kitchen w/ Stainless Appliances and Washer/Dryers in each unit. Some of the many upgrades include pristine landscaping, newer windows/plumbing/waste lines, recessed lighting, and updated kitchens, bathrooms and fixtures. Both ground level units have their own private patios, while the upstairs units feature spacious balconies with lots of natural light. The parking is incredible, offering 8 designated spaces, including Two (2) Two (2) Car Garages, which may also be converted to an additional unit(s). Buyer may be able to build up to 4 ADUs per SB1211, buyer to confirm w/ City of LA. Low Cost of Maintenance and Ease Of Management, The Moorpark West offers an investor or Owner/User to take over an Exceptional, Low-Maintenance Asset. In a market where much of the income property inventory consists of neglected buildings requiring significant capital improvements, The Moopark West stands out as a turnkey investment opportunity that combines Immediate Cash Flow with Strong Growth Potential.
No exterior & parking available.
Grades K-5 • 2.0 mi
Grades K-5 • 2.3 mi
Grades K-5 • 2.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 3,132 | 7,036 |
| Lot Size | 10,470 | 5,833 |
| Price | $2.15M | $2.32M |
| Price per sq ft | $686 | $451 |
| Built year | 1948 | 1987 |
| HOA | $0 | $0 |
| Days on market | 48 | 95 |
Jun 4, 2026
$2,150,000
Initial Listing
May 27, 2021
$1,970,000
Public Record
Apr 24, 2019
$1,835,000
Public Record
Apr 8, 2016
$1,625,000
Public Record
Sep 7, 2012
$1,200,000
Public Record
Aug 10, 2010
$700,000
Public Record
Aug 12, 2003
$760,000
Public Record