The LA Apartment Advisors are proud to announce the successful close of escrow of this rent-controlled 6 unit multifamily property located at 13804 Moorpark St, Sherman Oaks, CA.

According to CoStar, this impressive sale is the second highest price/sq.ft. ever recorded in the city of Sherman Oaks for a multifamily property, and this statistic includes non-rent controlled buildings. 

Through our unmatched marketing platform, we were able to generate a total of 10 offers throughout the listing process. The winning offer came from an extremely qualified buyer who gave the seller a fully non-contingent and all-cash offer. Escrow closed only 5 calendar days after the acceptance of the buyer's offer. This is the LA Apartment Advisors shortest escrow ever. 

Please contact us for a free comprehensive pricing evaluation of your multifamily property, or to view our current inventory, please click the link at the bottom of this email.  

Description of property
Situated at the corner of one of the most sought after streets in Sherman Oaks, this rent-controlled building consists of all Studio/1-bath units of approximately 400 square feet each. With no significant deferred maintenance to speak of, the property boasts upgraded, clean units with 100% copper plumbing throughout and a pristine roof.