15286 Sutton Street, Sherman Oaks, CA 91403
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Sold Price :
$5,125,000
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Beds :
6
-
Baths :
19
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Property Size :
9,560 sqft
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Year Built :
1964
Property Description
15285 Sutton Street is a 19-unit apartment community located in a premier Sherman Oaks neighborhood. The building is on a tree-lined street and boasts great freeway access to the 405. The offering allows investors to acquire an irreplaceable turn-key asset in one of LA's most dynamic and stable markets. The property is well-maintained and has incredible curb appeal. The unit interiors offer a blend of midcentury style with modern convenience. Their vintage style offers ample cabinet and storage space in their open layout. Many units have a balcony with great natural light throughout. Ownership has just completed the buildout of three brand-new ADUs, totaling 1,416 additional square feet. The designs are modern, with brand-new bathrooms, kitchens, appliances, flooring, and sleek fixtures. Ownership has achieved great rents and set a model for future income.15286 Sutton Street is being offered for sale at a 6.2% Cap Rate and 11.2 GRM. The property is master-metered for electricity, water, and gas. Current ownership has implemented a RUBs System (Ratio Utility Billing System). The property is well-parked, with 15 onsite parking spaces. Soft-Story retrofit was completed in 2019. This building is located right off Sepulveda, two blocks south of Ventura Boulevard. It is close to Whole Foods, Blue Dog Tavern, Sherman Oaks Galleria, 24-Hour Fitness, and Yoga Studios, making it super convenient for tenants. With its prime location in Sherman Oaks, 15286 Sutton Street is an outstanding rental location for residents looking for immediate access to major employers, services, and entertainment venues. The proximity to world-class neighboring venues makes this an ideal investment for apartment operators seeking a stable investment opportunity and long-term wealth preservation and appreciation.
Interior Features
| Bedroom Information |
| Bedrooms |
6 |
| Bathroom Information |
| Bathrooms |
19 |
Listing Information
| Address |
15286 Sutton Street |
| City |
Sherman Oaks |
| State |
CA |
| Zip |
91403 |
| County |
Los Angeles |
| Listing Agent |
Nick Astrupgaard DRE #01893466 |
| Co-Listing Agent |
Rich Johns DRE #01432215 |
| Courtesy Of |
KW Commercial Studio City |
| Close Price |
$5,125,000 |
| Status |
Closed |
| Type |
Residential Income |
| Structure Size |
9,560 |
| Lot Size |
8,142 |
| Year Built |
1964 |
Listing information courtesy of: Nick Astrupgaard, Rich Johns, KW Commercial Studio City. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 22nd, 2024 at 8:25 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
