Price: $3,950,000 | 16 Units
Lot Size: 13,005 SF | Building SF: 11,972 SF
ADDRESS
13506 Rye Street
Sherman Oaks, CA 91423
• Excellent Valley Village location
• Great value add opportunity
• Huge 70%+ upside in rents
• Low price per unit at $246,875
• Two parcels with two 8-unit buildings
• 10 parking spaces plus ample street parking
• Laundry facilities. Laundry machines are leased
• 10 Two-Bedroom units, 5 Bachelor units and 1 Single unit. Potential to increase the income by turning the Bachelor units to Single units. Contact agent for more information
• Roof is approximately 6 years old
• Copper plumbing (buyer to verify)
• Completed soft story retrofit in 2018; retrofit ends in 2028
• Transit Oriented Communities Tier 3
• Easy to manage property
• Separately metered for electricity except for bachelor units
• Security cameras
• Gated entrance
• Located just south of Chandler Boulevard and north of Magnolia Boulevard
• Minutes away from Westfield Fashion Square, Los Angeles Valley College, Trader Joe’s, Amazon Fresh, Whole Foods Market and many other shops and restaurant in Noho Art District
• Surrounded by the Studio City, Toluca Lake, Sherman Oaks, Valley Glen and NoHo Art District
• Short drive to 170 and 101 Freeways
PROPERTY INFORMATION
APN: 2348-016-035, 2348-016-036
Lot Size: 13,005SF
Building Size: 11,972 SF
Zoning: LAR1.5
Parking: 10 spaces plus ample street parking
Soft-Story Retrofit: Yes, completed