13535 Moorpark Street,Los Angeles, CA 91423
Los Angeles, CA 91423
Description
Located at 13535 Moorpark Street, the building occupies a large corner lot that spans block-to-block, with frontage on three different streets. Residents enjoy extremely convenient access to the high-end shopping and fine dining along renowned Ventura Boulevard, just one block away. The property itself has been significantly upgraded in recent years, including the completion of all seismic retrofit repairs (Buyer to verify) as well as improvements to the electrical panels, plumbing system, and landscaping. New water heaters and a remodeled outdoor seating area have both been added to the property recently, while the laundry room has been updated as well. Apartment interiors have largely been refurbished, allowing a new investor to maintain improved cash flow without the need for major capital expenditures. In fact, 75% of all units have already been upgraded, yet there still remains approximately 21% in rent upside for a new owner to recapture. Located near the intersection of Woodman Avenue and Ventura Boulevard, the property is situated on the corners of Moorpark Street, Allott Avenue, and Rye Street. In addition to being just one block from Ventura Boulevard, tenants are also walking distance from the Westfield Fashion Square. The new 93,000 square foot Shops at Sportsmen's Lodge, including a large Erewhon location, are just one mile from the property, helping to attract higher-paying tenants to the building.
Details
| MLS # | 26866517 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1957 |
| Days On Site | 24 |
| Listing Provided By | Marcus & Millichap | Roderick 'Rick' Raymundo |
Features
| Bed(s) | 30 |
|---|---|
| Bath(s) | 23 |
| SQ Feet | 17,654 |
| Story(s) | 2 |
| Units | 20 |
| Building(s) | 1 |
| Zoning | LAR3 |
| Acreage | 0.39 |
Parking
| Parking Features | Assigned |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 91423 |
| Area | SO Sherman Oaks |
| Listing VS Median (in 91423) | |
Price: $6,500,000 low | high Med: $3,596,000 sqft: 17,654 low | high Med: 5,992 $ / sqft: $368 low | high Med: $600 On site: 24 low | high Med: 29 | |
Market Activity 91423
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 91423 |
| Area | SO Sherman Oaks |
| Listing VS Median (in 91423) | |
Price: $6,500,000 low | high Med: $3,596,000 sqft: 17,654 low | high Med: 5,992 $ / sqft: $368 low | high Med: $600 On site: 24 low | high Med: 29 | |