Description
Park Seville Apartments at 14065 Moorpark Street contains 30 units arranged around a landscaped courtyard and pool in Sherman Oaks. Built in 1956, the two-story property has 20,182 gross square feet on a 23,875-square-foot lot. There are eleven studios, ten one-bedroom units and nine two-bedroom units, plus an entry lobby, coin laundry and rear garage parking.
The September 2026 rent roll shows full occupancy. Annual scheduled rent is $657,436, compared with the broker's $804,600 market projection, or approximately 22% potential growth. Six units leased since February 2026 provide recent benchmarks; two-bedroom leases range from $2,395 to $2,695 monthly. The soft-story retrofit received its Certificate of Compliance on May 29, 2026. Other improvements include circuit breakers installed in 2015 and a common-area water heater replaced in 2022.
The location is about 500 feet north of Ventura Boulevard at Hazeltine Avenue, near shopping, healthcare, parks and the 101/405 freeway network. Buyers can review the rent roll and improvement records with Marcus & Millichap's LAAA Team.
Offering Summary
- Asking Price$7,490,000
- Price PSF$371.12
- Price/Unit$249,667
- Property TypeMultifamily
- Size20,182 SF
- Occupancy0%
- Built1956
- ParkingGarage
- Total Acres~0.55 ac
Sale Details
- Cap Rate5.13%
- NOI$383,902
- GRM11.39
- Cash-on-Cash2.36%
Documents
Property Address
Property Details
- Property Type
Multifamily - Total Units
30 - Occupancy
100% - Year Built
1956 - Acres
0.55
Deal Team



