4517 Hazeltine Avenue

    Sherman Oaks, CA 91423
    • $1,330,000
    • STATUS: Active
    • ON SITE: 31 days
    • ID#: 19458184
    Price Reduced
    $1,330,000
    • 6
      BEDS
    • 0.14
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    • 3,339
      SQFT
    • $398
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1954
    County:

    School Ratings & Info

    Description

    We are pleased to present this price reduction for these 4 units located at 4517 Hazeltine Avenue in Sherman Oaks, which are now priced to sell. Built in 1954, the offering consists of two 1-bed/1-bath units and two 2-bed/1-bath units. This extremely well located property offers an investor the opportunity to capitalize on over 40% upside in rents without the hassle of dealing with any deferred maintenance since the structure is in very good shape. Also, an owner/user can take advantage of the very low interest rates and lock in a 3% interest only loan and at the same time get one of the low paying tenants out. For an investor, you can still get an interest rate of 3.85% for a normal amortized loan or 4% for an interest only loan. Furthermore, you are only required to put down 25%, which comes out to about $340,000. The property is situated on a 6,036 square foot lot with 3,339 square feet of gross rentable area.

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    Based on information from CARETS as of 2019-05-24T23:50:36.693. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
    www.goldenpalmproperties.com/homes/93965124

    4517 Hazeltine Avenue Sherman Oaks, CA 91423

    • Price: $1,330,000
    • Status: Active
    • ID#: 19458184
    6
    Beds
    4
    Baths
    0
    ½ Baths
    0.14
    Acres
    3,339
    SQFT
    $398
    $/SQFT
    1954
    Built
    Neighborhood:
    Sherman Oaks (So)
    County:
    Los Angeles
    Area:
    Sherman Oaks (So)
    Property Description
    We are pleased to present this price reduction for these 4 units located at 4517 Hazeltine Avenue in Sherman Oaks, which are now priced to sell. Built in 1954, the offering consists of two 1-bed/1-bath units and two 2-bed/1-bath units. This extremely well located property offers an investor the opportunity to capitalize on over 40% upside in rents without the hassle of dealing with any deferred maintenance since the structure is in very good shape. Also, an owner/user can take advantage of the very low interest rates and lock in a 3% interest only loan and at the same time get one of the low paying tenants out. For an investor, you can still get an interest rate of 3.85% for a normal amortized loan or 4% for an interest only loan. Furthermore, you are only required to put down 25%, which comes out to about $340,000. The property is situated on a 6,036 square foot lot with 3,339 square feet of gross rentable area.
    Exterior Features

    Parking Spaces Total 4 Parking Type Other

    Interior Features

    Cooling Type Other Heating Type Other Interior Features Other Total Floors 2 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Unfurnished Unit Furnished04 Unfurnished Unit Furnished05 Partially Unit Furnished06 Partially Unit Furnished07 Partially Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 1.0 Unit Number Of Bath02 1.0 Unit Number Of Bath03 1.0 Unit Number Of Bath04 1.0 Unit Number Of Bed01 1 Unit Number Of Bed02 1 Unit Number Of Bed03 2 Unit Number Of Bed04 2

    Property Features

    Adjusted Gross Income 67652.00 Assessed Improvement Value 335000.00 Assessed Land Value 900000.00 Cap Rate 3.22 Country United States Of America Expense Total Annual 25043.00 Gross Operating Income 67152.00 Gross Rent Multiplier 19.66 Hoa YN N Legal Disclosures Other Lot Size Source Vendor Enhanced Net Operating Income 42609.00 Number Of Buildings 1 Special Conditions Standard Sale Square Footage Source Vendor Enhanced Street Number Modifier 1/2 Unit Monthly Rent01 1255.00 Unit Monthly Rent02 1154.00 Unit Monthly Rent03 1380.00 Unit Monthly Rent04 1807.00 Unit Projected Total Monthly Rent01 1800.00 Unit Projected Total Monthly Rent02 1800.00 Unit Projected Total Monthly Rent03 2200.00 Unit Projected Total Monthly Rent04 2200.00 Unit Total Monthly Rent01 1255.00 Unit Total Monthly Rent02 1154.00 Unit Total Monthly Rent03 1380.00 Unit Total Monthly Rent04 1807.00 Unit Type01 1 Unit Type02 1 Unit Type03 1 Unit Type04 1 Units Total In Complex 4 Zoning Lar3

    Listing provided courtesy of Filip Niculete DRE#01905352 of Marcus & Millichap.


    Based on information from CARETS as of 2019-05-24T23:50:36.693. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
     
    Golden Palm Properties Inc.
    433 N. Camden Drive, 6th Floor
    Beverly Hills CA, 90210