$3,300,000
$3,300,000
For more information regarding the value of a property, please contact us for a free consultation.
9,740 SqFt
SOLD DATE : 11/03/2021
Key Details
Sold Price $3,300,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 9,740 sqft
Price per Sqft $338
MLS Listing ID 21791868
Sold Date 11/03/21
HOA Y/N No
Year Built 1954
Lot Size 0.280 Acres
Acres 0.28
Property Description
I am pleased to offer for sale, for the first time in over 40 years, 4525-4531 Hazeltine Avenue. The subject property is a 12-unit apartment building located in Sherman Oaks, one of the preeminent markets in Los Angeles. Consisting of two, six-unit buildings on separate parcels totaling over 12,000 square feet, the subject property is comprised of eight one-bedroom units and four two bedroom units. Built in 1954, the subject property has been owned by the same family for over 40 years. While the building has been well-maintained, the property is ideally suited for a comprehensive renovation that would allow investors the ability to increase rental income by more than 63% post renovation. Given the property's prime Sherman Oaks location and significant value add component, 4525 - 4531 Hazeltine Avenue is positioned to provide investors with healthy upside potential and long-term appreciation. APNs 2265-023-033, 2265-023-035
Location
State CA
County Los Angeles
Area So - Sherman Oaks
Zoning LAR3
Interior
Fireplace No
Exterior
Garage Garage, Uncovered
Garage Spaces 12.0
Garage Description 12.0
Parking Type Garage, Uncovered
Total Parking Spaces 16
Building
Story 2
New Construction No
Others
Senior Community No
Tax ID 2265023033
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Luis Morales • Remax Commercial and Investment Realty
GET MORE INFORMATION
Partner | Lic# DRE# 01065018/02178736