Listing banner image
  • Property Type
    MultifamilyProperty Type
  • Total Units
    6Total Units
  • Avg. Unit Size (SF)
    993 SFAvg. Unit Size (SF)
  • Asking Price
    $1,725,000Asking Price
  • In-Place Rents
    $2,015In-Place Rents
  • NOI
    $88,797NOI

Description

14857 Hartsook Street is a fully occupied, six-unit low-rise multifamily asset ideally situated in the heart of the Van Nuys–North Sherman Oaks submarket. Constructed in 1960 and thoughtfully maintained, this 5,958-square-foot property offers an average unit size of 993 square feet, each accompanied by covered parking and access to a communal outdoor space. With 100% occupancy and in-place rents currently at $2,015 per unit (26% below market), new ownership can immediately capture stable cash flow while positioning the asset for rental growth.

Offered at $1,725,000 ($289.53 per square...

Documents

Offering Summary

  • Asking Price
    $1,725,000
  • Price PSF
    $290
  • Price/Unit
    $287,500

Sale Details

  • Cap Rate
    5.15%
  • NOI
    $88,797
  • Return-on-Cost
    4.51%
  • Stabilized Cap Rate
    7.74%
  • Stabilized NOI
    $133,595
  • In-Place Cap Rate
    5.15%
  • In-Place NOI
    $88,797
  • GRM
    11.89
  • Potential GRM
    8.93
  • Cash-on-Cash
    4.51%
  • In-Place Rents
    2,015
  • Market Rents
    2,683
  • Rents Below Market
    26%

Documents

Property Address

14857 Hartsook Street
Sherman Oaks, CA 91403

Property Details

  • Property Type
    Multifamily
  • Total Units
    6
  • Occupancy
    100%
  • Average Unit Size
    993 SF
  • Average Rent
    2,015 $/mo
  • Year Built
    1960
  • Zoning
    [Q]RD1.5-1-RIO
  • APN
    2263-038-023

Property Details

  • Property Type
    Multifamily
  • Total Units
    6
  • Occupancy
    100%
  • Average Unit Size
    993 SF
  • Average Rent
    2,015 $/mo
  • Year Built
    1960
  • Zoning
    [Q]RD1.5-1-RIO
  • APN
    2263-038-023

Deal Team

Filip Niculete profile image
Filip Niculete

Description

14857 Hartsook Street is a fully occupied, six-unit low-rise multifamily asset ideally situated in the heart of the Van Nuys–North Sherman Oaks submarket. Constructed in 1960 and thoughtfully maintained, this 5,958-square-foot property offers an average unit size of 993 square feet, each accompanied by covered parking and access to a communal outdoor space. With 100% occupancy and in-place rents currently at $2,015 per unit (26% below market), new ownership can immediately capture stable cash flow while positioning the asset for rental growth.

Offered at $1,725,000 ($289.53 per square...

Documents

Offering Summary

  • Asking Price
    $1,725,000
  • Price PSF
    $290
  • Price/Unit
    $287,500

Sale Details

  • Cap Rate
    5.15%
  • NOI
    $88,797
  • Return-on-Cost
    4.51%
  • Stabilized Cap Rate
    7.74%
  • Stabilized NOI
    $133,595
  • In-Place Cap Rate
    5.15%
  • In-Place NOI
    $88,797
  • GRM
    11.89
  • Potential GRM
    8.93
  • Cash-on-Cash
    4.51%
  • In-Place Rents
    2,015
  • Market Rents
    2,683
  • Rents Below Market
    26%

Documents

Property Address

14857 Hartsook Street
Sherman Oaks, CA 91403

Property Details

  • Property Type
    Multifamily
  • Total Units
    6
  • Occupancy
    100%
  • Average Unit Size
    993 SF
  • Average Rent
    2,015 $/mo
  • Year Built
    1960
  • Zoning
    [Q]RD1.5-1-RIO
  • APN
    2263-038-023

Property Details

  • Property Type
    Multifamily
  • Total Units
    6
  • Occupancy
    100%
  • Average Unit Size
    993 SF
  • Average Rent
    2,015 $/mo
  • Year Built
    1960
  • Zoning
    [Q]RD1.5-1-RIO
  • APN
    2263-038-023

Deal Team

Filip Niculete profile image
Filip Niculete
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