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
Sale Details
- Cap Rate5.15%
- NOI$88,797
- Return-on-Cost4.51%
- Stabilized Cap Rate7.74%
- Stabilized NOI$133,595
- In-Place Cap Rate5.15%
- In-Place NOI$88,797
- GRM11.89
- Potential GRM8.93
- Cash-on-Cash4.51%
- In-Place Rents2,015
- Market Rents2,683
- Rents Below Market26%
Documents
Property Address
Property Details
- Property TypeMultifamily
- Total Units6
- Occupancy100%
- Average Unit Size993 SF
- Average Rent2,015 $/mo
- Year Built1960
- Zoning[Q]RD1.5-1-RIO
- APN2263-038-023
Property Details
- Property TypeMultifamily
- Total Units6
- Occupancy100%
- Average Unit Size993 SF
- Average Rent2,015 $/mo
- Year Built1960
- Zoning[Q]RD1.5-1-RIO
- APN2263-038-023

















Deal Team

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
Sale Details
- Cap Rate5.15%
- NOI$88,797
- Return-on-Cost4.51%
- Stabilized Cap Rate7.74%
- Stabilized NOI$133,595
- In-Place Cap Rate5.15%
- In-Place NOI$88,797
- GRM11.89
- Potential GRM8.93
- Cash-on-Cash4.51%
- In-Place Rents2,015
- Market Rents2,683
- Rents Below Market26%
Documents
Property Address
Property Details
- Property TypeMultifamily
- Total Units6
- Occupancy100%
- Average Unit Size993 SF
- Average Rent2,015 $/mo
- Year Built1960
- Zoning[Q]RD1.5-1-RIO
- APN2263-038-023
Property Details
- Property TypeMultifamily
- Total Units6
- Occupancy100%
- Average Unit Size993 SF
- Average Rent2,015 $/mo
- Year Built1960
- Zoning[Q]RD1.5-1-RIO
- APN2263-038-023
Deal Team

