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14329 Tiara Street
Sherman Oaks, CA 91401
Sold
This five unit asset is located in the annexed neighborhood of Sherman Oaks (formerly Van Nuys) and has HUGE upside rent potential. Because this area is undergoing revitalization, the property's future value may also be enhanced as a result. Located close to transportation corridors, there is easy freeway access, only minutes to the Encino-Balboa Recreation facility, as well as Woodley Lake. There are abundant jogging paths, soccer fields and paddle boats which makes this location a high demand area for tenants. The building itself has a unit mix of one 2-bedroom unit and four 1 bedroom units. There is off-street parking at the back of the building for added tenant convenience. Tenants have been in the property long term and rents simply have not been raised. The building is fully leased and there are no vacant units. The property is a prime investment opportunity for those looking to capitalize on its potential. This is an excellent canvas for the investor with creativity and imagination to unlock the hidden value in this jewel.
PROPERTY INFORMATION
| MLS # | SR24159057 | Lot Size | 6,906 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Apartment |
| Price | $ 1,195,000
Price Per SqFt: $ 352 |
DOM | 271 Days |
| Address | 14329 Tiara Street | Type | Residential Income |
| City | Sherman Oaks | Sq.Ft. | 3,396 Sq. Ft. |
| Postal Code | 91401 | Garage | N/A |
| County | Los Angeles | Year Built | 1940 |
| Bed / Bath | 6 / 0 | Parking | N/A |
| Built In | 1940 | Status | Closed |
| Sold Date | 2024-10-04 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Common Area, Community, Outside |
| Has Heating | Yes |
| Heating Information | Natural Gas |
| Room Information | Laundry |
| Has Cooling | Yes |
| Cooling Information | Wall/Window Unit(s) |
| EntryLocation | 1 |
| Entry Level | 1 |
| Has Spa | No |
| SpaDescription | None |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
Walk Score: 72 (Very Walkable)
Transit Score: 58 (Good Transit)MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,275
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 08/02/2024 | Listed | $1,195,000 |
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Listing provided courtesy of Mark Gilmore, RE/MAX One. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
