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15286 Sutton Street
Sherman Oaks, CA 91403
Sold
15286 Sutton Street
Sherman Oaks, CA 91403
Sold
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.
PROPERTY INFORMATION
| MLS # | 24392519 | Lot Size | 8,142 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 5,350,000
Price Per SqFt: $ 560 |
DOM | 352 Days |
| Address | 15286 Sutton Street | Type | Residential Income |
| City | Sherman Oaks | Sq.Ft. | 9,560 Sq. Ft. |
| Postal Code | 91403 | Garage | N/A |
| County | Los Angeles | Year Built | 1964 |
| Bed / Bath | 6 / 0 | Parking | 15 |
| Built In | 1964 | Status | Closed |
| Sold Date | 2024-10-22 |
INTERIOR FEATURES
| Has Appliances | Yes |
EXTERIOR FEATURES
WALKSCORE
Walk Score: 77 (Very Walkable)
Transit Score: 55 (Good Transit)MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $5,707
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 05/15/2024 | Listed | $5,350,000 |
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Listing provided courtesy of Nick Astrupgaard, KW Commercial Studio City. 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.
