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4220 Ventura Canyon Avenue, Sherman Oaks, California 91423, Sherman Oaks, 91423 - bed, bath

4220 Ventura Canyon Avenue, Sherman Oaks, California 91423 home-pic-0
ACTIVE$2,295,000
4220 Ventura Canyon Avenue, Sherman Oaks, California 91423
0Bed
0Bath
4,576Sqft
7,648Lot

Price Vs. Estimate

The estimated value ($2,255,695.765) is $39,304.235 (1%) lower than the list price ($2,295,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Location: Located in the heart of Sherman Oaks, south of the Boulevard, offering proximity to shopping, restaurants, and entertainment.
Top Cons:
Year Built: Built in 1948, the property may require updates to meet modern standards.

Compared to the nearby listings

Price:$2.29M vs avg $1.91M (+$390,000)64%
Size:4,576 sqft vs avg 2,501.5 sqft84%
Price/sqft:$502 vs avg $8145%

More Insights

Built in 1948 (77 years old).
Condition: The property was built in 1948 and the description mentions it's well-maintained but with potential for increased rental income, suggesting that the units are functional but likely outdated. The images show general living spaces, but without specific details on kitchen and bathroom conditions, and considering the age, a 'fair' rating is appropriate. It likely requires minor updates or repairs to maximize its potential.
Year Built
1948
Close
-
List price
$2.29M
Original List price
$2.29M
Price/Sqft
$502
HOA
-
Days on market
-
Sold On
-
MLS number
SR25026190
Home ConditionFair
Features
View-

About this home

**Prime 6-Unit Apartment Building for Sale in Sherman Oaks** Located in the heart of Sherman Oaks, south of the Boulevard, this exclusive 6-unit apartment building sits on one of the most desirable streets in the area. Just a short stroll from premier shopping, renowned restaurants, and vibrant entertainment options, this property offers an unbeatable blend of convenience. Each unit boasts spacious layouts, making them highly attractive to potential tenants. The well-maintained building features a mix of one and two-bedroom units, each designed to maximize comfort and functionality. Ample parking, Investors will appreciate this great inventory with huge potential upside. With current rents below market value, there is significant room for increasing rental income. Whether you're looking to expand your portfolio or make a strategic investment, this property represents a rare opportunity in a prime location. Don’t miss out on this exceptional investment opportunity in Sherman Oaks.

Nearby schools

9/10
Kester Avenue Elementary School
Public,•K-5•2.2mi
6/10
Erwin Elementary School
Public,•K-5•2.5mi
6/10
John B. Monlux Elementary School
Public,•K-5•2.6mi
9/10
Roscomare Road Elementary School
Public,•K-5•2.7mi
8/10
Lanai Road Elementary School
Public,•K-5•3.6mi
9/10
Warner Avenue Elementary School
Public,•K-5•5.3mi
2/10
Van Nuys Middle School
Public,•6-8•2.0mi
6/10
Walter Reed Middle School
Public,•6-8•2.5mi
5/10
James Madison Middle School
Public,•6-8•3.6mi
5/10
William Mulholland Middle School
Public,•6-8•5.2mi
3/10
William Mulholland Middle School
Public,•6-8•5.5mi
6/10
Ulysses S. Grant Senior High School
Public,•9-12•2.2mi
8/10
North Hollywood Senior High School
Public,•9-12•2.7mi
6/10
Van Nuys Senior High School
Public,•9-12•3.3mi
6/10
University Senior High School
Public,•9-12•7.2mi
6/10
University Senior High School Charter
Public,•9-12•7.2mi
Condition Rating
Fair
The property was built in 1948 and the description mentions it's well-maintained but with potential for increased rental income, suggesting that the units are functional but likely outdated. The images show general living spaces, but without specific details on kitchen and bathroom conditions, and considering the age, a 'fair' rating is appropriate. It likely requires minor updates or repairs to maximize its potential.
Pros & Cons

Pros

Prime Location: Located in the heart of Sherman Oaks, south of the Boulevard, offering proximity to shopping, restaurants, and entertainment.
Income Potential: Significant potential for increasing rental income due to current rents being below market value.
Spacious Units: Each unit boasts spacious layouts, making them attractive to potential tenants.

Cons

Year Built: Built in 1948, the property may require updates to meet modern standards.
Potential Renovation: While offering upside, the property may require renovation to maximize rental income.

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