13506 Rye Street, Sherman Oaks, CA 91423

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Created date: September 20, 2023
Date last updated: November 4, 2024

• Well-maintained building
• Vibrant courtyard with picnic area
• On-site laundry facilities
• Potential to add ADU unit
• New windows
• Completed soft story retrofit
• New exterior paint
• Copper plumbing – buyer to verify
• Excellent unit mix
• Located in prime area of Sherman Oaks
• Within a private cul de sac
• Minutes from the I-101 and I-405 freeways
• Master metered gas
• Individually metered electricity
• New Front entry doors for all units
• Decking recently painted

Property Description

Nestled in a private cul de sac between Rye St. and Ventura Canyon Ave., 13506 Rye Street is a multi-family building that offers the valuable opportunity to own a well-maintained building in the San Fernando Valley’s trendy city of Sherman Oaks. Comprised of 14 units, the property boasts a total of 11,156 rentable square feet. There are two studios, two one-bedroom/one-bathroom junior units, six one bedroom/one bathroom units, one two-bedroom/one-bathroom unit, one two-bedroom/one and one half bath unit, one three-bedroom/two-bathroom unit, and a larger three-bedroom/two-bathroom unit with private entrance, central a/c, hardwood floors and private laundry. All unit interiors feature modern appliances, ceramic and travertine tiles, custom closets and sleek design. Furthermore, the building is master metered for gas and individually metered for electricity. In the heart of Sherman Oaks, 13506 Rye Street is close to dozens of shops, eateries and galleries on the historic Ventura Boulevard. Also within a short distance is the Sherman Oaks Galleria, an icon in San Fernando Valley history that has evolved into a hot spot of award-winning restaurants and a unique collection of design and home furnishing stores. The District’s notable amenities include Arclight Cinemas, Burke Williams, 24 Hour Fitness SuperSport and much more opportunity.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $4,950,000
No. of Units: 14
Cap Rate: 4.25%
GRM /GIM: 14.94
Year Built: 1959
Building Size: 11,156 Sq ft
Lot Size: 13,107.00 Sq ft
No. of Stories: 2
APN: 2360-014-026
Zoning Code: LAR3
Opportunity Zone: No
Price per unit: $353,571
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