$1,560,000
$1,599,900
2.5%For more information regarding the value of a property, please contact us for a free consultation.
13550 Rye ST Sherman Oaks, CA 91423
6,205 Sqft Lot
Key Details
Sold Price $1,560,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRSR23177634
Sold Date 11/17/23
Originating Board California Regional MLS
Year Built 1956
Lot Size 6,205 Sqft
Property Description
We proudly introduce 13550 Rye St, Sherman oaks CA - A clean cut low maintenance investment property. This Apartment building has a great unit mix with 6 units comprised of (4) 2 Beds + 1 Baths & (2) 1 bed + 1 baths. Total building square feet are 4,186 sqft &, the lot size is 6,205 sqft. This property is cost effective with low monthly expenses with no gardener expenses necessary, separately metered for electricity and gas & overall low maintenance characteristics. The Laundry is owner owned and operated which makes roughly $160 per month for added income. The combined monthly income for the units is $8,733. The Sherman Oaks neighborhood is known for its high-end residential atmosphere with an affluent resident population, many entertainment options on Ventura Blvd, chic restaurants & lively night life. This building is close to high end shopping malls, entertainment centers, & the 101 & 405 freeways which make it a hot spot for renter desirability. Enjoy low vacancy rates & a long lasting income stream for generations.
Location
State CA
County Los Angeles
Area So - Sherman Oaks
Interior
Cooling Window / Wall Unit
Laundry Laundry Area, Washer/Dryer - Owned
Exterior
Parking Features Carport , Detached Garage, Other
Garage Spaces 6.0
Pool None
Building
Lot Description Corners Marked
Water District - Public
Others
Tax ID 2360004018
Special Listing Condition Not Applicable
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Bought with Steve Nakachian • Pinnacle Estate Properties