4838-4846 Hazeltine Ave

The successful sale of 4838-4846 Hazeltine Ave in Sherman Oaks, California.

Record Sale in Sherman Oaks

This sale has cemented itself into the record books as the 3rd highest price per unit ever achieved for a Los Angeles rent controlled apartment building (built before October 1978) in Sherman Oaks. See below for a list of the top 5 price per unit sales ever achieved:

Property Overview

This unique offering is made up of two separate and identical 8-unit buildings with a shared courtyard in between. Due to this fact, the buyer of this property will be able to save on management costs since they will not need be required hire an onsite manager that would normally be required on a 16+ unit building. In total, these two buildings sit on a combined lot size of 0.36 acres with a total building size of 14,136 square feet, and it boasts an excellent unit mix of (8) 1 Bed / 1 Bath units, (4) 2 Bed / 1 Bath units, and (4) 3 Bed / 2 Bath units. The property offers its tenants security with a gated entrance and surveillance systems. Also, the tenants have convenient access to parking behind the building through an alley way where there are a total of 16 parking spots (1 for each unit). Furthermore, the property has a full laundry room, and the machines are owned by the sellers.