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Jeffrey Bullock

[email protected]

$ 1,615,000

Est. payment -/mo

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Active

5707 Tilden AVE Sherman Oaks, CA 91401

8 Beds

6 Baths

4,618 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,618 sqft

Price per Sqft $349

MLS Listing ID 25569175

Bedrooms 8

HOA Y/N No

Year Built 1952

Lot Size 6,751 Sqft

Property Description

With its high in-place CAP Rate of 6.22%, the property is one of the most attractively priced listings within one of the most desirable neighborhoods of Los Angeles. Because the property does not appear on the Los Angeles Department of Building & Safety's seismic retrofit list, a new owner benefits by saving on an otherwise costly expense (Buyer to verify). Expenses are reduced even further by the fact that trash service is provided by the City of Los Angeles at no cost to the landlord. A substantial revenue stream is generated by the property's storage units, which currently provide an additional $1,000 monthly beyond the apartment rental income collected. A new owner may seek to take advantage of the approved architectural plans for two potential ADUs, which could increase both the monthly income and the property value even further. Located near the intersection of Van Nuys Boulevard and Burbank Boulevard, the building attracts residents with its convenient access to the amenities within Sherman Oaks, Studio City, Encino, and Valley Village. Costco and Target are each within a short driving distance, while the Westfield Fashion Square is just 1.7 miles away, with the high-end boutiques and fine dining destinations along Ventura Boulevard less than two miles south

Location

State CA

County Los Angeles

Area So - Sherman Oaks

Zoning LARD1.5

Interior

Fireplace No

Exterior

Parking Features Assigned

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 2245006012

Special Listing Condition Standard

Listed by Roderick 'Rick' Raymundo Marcus & Millichap

NEARBY SCHOOLS & PROPERTIES

SCHOOLSPROPERTIES

Elementary Schools 20

9

Ararat Charter

Public | KG - 5
9

Dixie Canyon Community Charter

Public | KG - 5
8

Lanai Road Elementary School

Public | KG - 5
8

Hesby Oaks Leadership Charter

Public | KG - 8
8

Kester Elementary / Magnet

Public | PK - 5
8

Sherman Oaks Elementary Charter

Public | KG - 5
8

Chandler Learning Academy

Public | KG - 5
7

Ivy Bound Academy of Math, Science, and Technology

Public | 5 - 8
7

Valor Academy Charter

Public | 5 - 8
6

Riverside Drive Charter

Public | KG - 5
6

Monlux Elementary School

Public | KG - 5
5

Cohasset Elementary School

Public | KG - 5
5

Ranchito Avenue Elementary School

Public | KG - 5
5

Kittridge Street Elementary

Public | PK - 5
5

Erwin Elementary

Public | KG - 5
5

Coldwater Canyon Elementary School

Public | KG - 5
4

Valerio Elementary School

Public | PK - 5
4

Michelle Obama Elementary

Public | KG - 5
4

Hazeltine Avenue Elementary School

Public | PK - 5
3

Saticoy Elementary

Public | KG - 5

Middle Schools 9

6

Millikan Middle School

Public | 6 - 8
5

Madison Middle School

Public | 6 - 8
4

Robert Fulton College Prep

Public | 6 - 12
1

Van Nuys Middle School

Public | 6 - 8
0

Middle School of Milken Community High School

Private | 7 - 8
0

Los Angeles Hebrew High School

Private | 7 - 12
0

Options for Youth-Hermosa Beach, Inc.

Public | 7 - 12
0

Harvard-Westlake School

Private | 7 - 12
0

Emerson Academy

Private | 6 - 12

High Schools 14

7

Van Nuys Senior High School

Public | 9 - 12
6

CHAMPS - Charter High School of the Arts - Multimedia and Performing

Public | 9 - 12
6

Ulysses Grant High School

Public | 9 - 12
5

Valor Academy Charter High School

Public | 9 - 12
2

Jack London Community Day

Public | 9 - 12
1

Panorama High School

Public | 9 - 12
0

Will Rogers Continuation

Public | 9 - 12
0

Cal Burke High School

Public | 9 - 12
0

Notre Dame High School

Private | 9 - 12
0

Academy of Amherst Jr-Sr High School

Private | 10 - 12
0

Jack London Continuation

Public | 9 - 12
0

Coldwater Canyon Preparatory

Private | 9 - 12
0

Valley Torah High School

Private | 9 - 12
0

Valley Torah

Private | 9 - 12

School and business data provided by Attom Data.

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