4500 Vista Del Monte Ave

This record sale of a 5 unit property located at 4500 Vista Del Monte Ave in Sherman Oaks, CA.

This 3,254 sqft property, built in 1959, sits on a 0.14 acre lot and has an attractive unit mix of (2) studios, (2) 1 bed units, and (1) large 2 bed house in front. The front house was delivered vacant to buyer at close of escrow, while the other 4 units were occupied.

According to CoStar's all time sale records, this sale today ranks as the 2nd highest price per sqft ever sold in the city of Sherman Oaks, even when including sales of non-rent controlled apartment buildings.

Furthermore, CoStar has this sale ranked as the 6th highest price per unit ever in Sherman Oaks for a rent controlled property sale. Out of the 5 sales that sold at a higher price per unit, 2 of them were other closings of ours. In total, we are now responsible for 4 of the top 10 price per unit sales ever in Sherman Oaks for rent controlled apartment buildings.

The buyer for this property was the same buyer who bought our 8-unit listing earlier this year at 4528 Vista Del Monte, which is on the same block and just 6 buildings away from this property she closed on today. The buyer was willing to pay this above market price due to its proximity to the 8 unit she just bought on the same block, which allows for easy management of both properties. (if you own a property on Vista Del Monte, we have the buyer for you!)