Sold

13103 Moorpark Street

Sherman Oaks CA, 91423

$1,445,000


$391.39 per sqft

Sold

10 Beds

5 Baths

3,692 sqft

Residential

Built in 1952

Listed by Mark Moskowitz Team with Keller Williams Westlake Village (805) 777-7777

We are excited to present this 5-unit opportunity with huge potential, situated in a Prime Sherman Oaks/Studio City location near the historic Ventura Blvd with shops, dining, fun nightlife, Universal City, and The Getty Center. A hop, skip and jump to the neighborhood coffee hangout - M Street Cafe, or the newly remodeled shops and restaurants at the Sportsman Lodge, and two blocks from a tree-lined river walk and bike path. This complex is being brought to the market for the first time in 31 years; this building is home to incredible tenants, some of who have been there for 20+ years. This complex was built in 1951 and is 3,692 sqft with ten bedrooms and five baths, sitting on an approximately 7,116 sqft lot. Currently bringing in $8,574/ month in rent (one vacant unit) with a pro forma of $11,200/ month in total rent. Units are private and quaint and are built condo style, each with its own address. Rarely is there a vacancy available. It has one single-story unit on Moorpark and four two-story units on Ethel. The two-story units have a living space, dining area, full kitchen, and slider out to the pool on the main floor. As you go up the stairs, you will find two bedrooms and one bathroom in the hallway.4409 Ethel: This unit is currently vacant, and last year they upgraded the full bathroom and kitchen cabinets and replaced the carpet. A new dual air and heating unit was added to the front window as well as one of the bedrooms upstairs. They also upgraded the heating wall unit on the stairs.4411 Ethel: This past year, the whole unit was upgraded with laminate flooring and a fresh coat of paint. In January, a new dual air and heating unit was installed in the front window, and an upgraded heater for the stairs was ordered and will be installed once received.4413 Ethel: This unit had laminate flooring installed less than five years ago on the main floor. The stairs are carpeted, the bathroom is tiled, and the bedrooms have laminate flooring.4415 Ethel: This unit has laminate flooring in the living area and stairs, tile for kitchen floors, and the original hardwood flooring upstairs. A new stove was installed in 2022.13103 Moorpark: This is the only single-story unit. It has a private front yard which the client loves. As you enter the home, there is a large living area with beautiful wood-paneled ceilings. The kitchen, which has a newer stove/oven, has views of the pool and is right next to the slider, which leads you to the pool area. There is one bedroom in the front with a long hallway that features storage and shelves. At the back of the unit is the second bedroom and the full bathroom with a bathtub and standing stall shower. Only the exterior and 4409 Ethel are featured in the photographs. To secure the tenants' privacy, we have photos of the other units available upon request and further interest. The laundry room features one washer and dryer and is open to clients on-site. Each unit has one parking spot behind the unit and a security gate for the resident's protection. This is an excellent opportunity for investors, buyers, and builders in a prime Sherman Oaks/Studio City location!Dry rot woodwork has been completed. The eaves and window trims have been freshly painted. The seller has a deposit with a roofing company to tune up the flat roof on the building and carports. They will Seal lap joints using APOC 264 white mastic and seam tape, Seal all roof penetrations using APOC 264 white mastic, apply one coat base coat primer / bleed blocker, and apply two coats of acrylic elastomeric coating and will provide a 5-year warranty.

223001027

MLS ID

March 20, 2023

Listed

March 23, 2024

Updated

Map

13103 Moorpark Street
Sherman Oaks CA, 91423

Interior Features

Total Stories

1


Bedrooms

10 Beds


Bathrooms

5 Baths


Interior Features

Cathedral Ceiling(s), All Bedrooms Up, Main Level Primary


Laundry Description

Laundry Room


Floor Description

Carpet, Laminate, Wood


Fireplace

No


Cooling

Yes


Heating

No

Exterior/Building Features

Lot Size

0.16 Acres


Lot Features

Corner Lot

Other Property Details

Area Name

SO - Sherman Oaks


Days on Market

77


Association Amenities

Pool


Garage

Yes


Garage Spaces

5


Parking Total

5


View

No


View Description

None


County

Los Angeles


Pool

Yes


Pool Features

In Ground, Private, Association


Zoning

LAR3


Buyer Agency Compensation

2.5%

Listing Contact: (805) 777-7777 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 3/23/2024 at 1:25 AM UTC

 

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