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$2,999,500
11 Beds 12 Baths 23249647 MLS Active Status
Brand new construction. Have someone else help pay your mortgage. One vacant owners unit available. Exceptional opportunity to acquire a luxurious multifamily property in the highly sought-after area of Sherman Oaks. This stunning property features three brand-new, impressively large townhomes, all exquisitely designed and crafted to the highest standards of modern living. The property offers an in-place Cap rate of 5.12%, the townhomes are non-rent controlled and are not subject to LA City rent control regulations. Currently, one townhome is vacant, presenting a unique opportunity for an owner-occupier. Each unit offers over 2,500 square feet of living space and features beautiful rooftop decks with stunning views of the surrounding area, perfect for entertaining and relaxation. The townhomes feature high-end finishes, including stainless steel appliances, quartz countertops, and hardwood flooring, with each unit boasting an in-unit washer/dryer, tankless water heater and a 2-car garage with direct unit access, providing added convenience and security.Don't miss out on the chance to own this exceptional multifamily property in Sherman Oaks, which represents the epitome of luxurious contemporary living. Contact us today to schedule a private tour and experience the unparalleled quality of this stunning development for yourself. Can be purchased with 3 units at 5653 Hazeltine. Or if you want to purchase 3 units for cash flow 5653 Hazeltine is 100% leased.

5655 Hazeltine Avenue, Sherman Oaks

$5,999,000
22 Beds 9 Baths 23249263 MLS Active Status
Brand new construction. Have someone else help pay your mortgage. One vacant owners unit available. Two buildings with separate APNs can be purchased together or separately. Exceptional opportunity to acquire a luxurious multifamily property in the highly sought-after area of Sherman Oaks. This stunning property features six brand-new, impressively large townhomes, all exquisitely designed and crafted to the highest standards of modern living. The property offers an in-place Cap rate of 5.12%, the townhomes are non-rent controlled and are not subject to LA City rent control regulations. Currently, one townhome is vacant, presenting a unique opportunity for an owner-occupier.The property consists of two separate buildings on separate APNs, each with three townhomes, providing both privacy and exclusivity. Each unit offers over 2,500 square feet of living space and features beautiful rooftop decks with stunning views of the surrounding area, perfect for entertaining and relaxation.The townhomes feature high-end finishes, including stainless steel appliances, quartz countertops, and hardwood flooring, with each unit boasting an in-unit washer/dryer, tankless water heater and a 2-car garage with direct unit access, providing added convenience and security.Don't miss out on the chance to own this exceptional multifamily property in Sherman Oaks, which represents the epitome of luxurious contemporary living. Contact us today to schedule a private tour and experience the unparalleled quality of this stunning development for yourself.

5653 Hazeltine Avenue, Sherman Oaks

$3,600,000
12 Beds 10 Baths 23248943 MLS Active Status
We are pleased to present this unique opportunity to purchase four large +/- 2,200 square foot townhouse units located in the best part of Sherman Oaks, directly adjacent to the Trader Joe's and Chase Bank retail center, and across the street from Westfield Fashion Square. At a cost of only $900,000 per unit, this property is potentially a good candidate for future condo conversion. Demand is high, with comparable sales averaging at $496.81/SF and 29 days on market. Two nearby condos sold after only 4 days on market. The subject property currently has one vacant unit, which has been remodeled, perfect for an owner-user, or an investor. Each townhouse is two-stories and each unit features 3 bedrooms, 2 bathrooms, a den, a formal living room, dining area, private balcony, private entrance to garage, two-car parking, built-in storage cabinets and a lockable storage closet. The property is also proximate to the 101 Ventura Freeway entrance and is surrounded by fine dining, new developments, and some of the world's most exclusive retailers. Walk next door to Trader Joe's and Chase Bank. You are only one block to Bloomingdale's, Tesla, Macy's, OrangeTheory, Apple, Sephora, Lululemon, Chipotle, Starbucks and Best Buy. Enjoy the convenience of being only a few blocks from Whole Foods, Gelson's, Ralphs, Pavilions, and CVS, and highly rated and locally beloved restaurants like Petit Trois le Valley, Marmalade Caf, Blu Jam Caf, In-n-Out Burger, Gyu-Kaku, Borekas, and Osteria La Buca.

4833 Hazeltine Avenue, Sherman Oaks

$4,900,000
6 Beds 7 Baths P1-12846 MLS Active Status
South of the Blvd in prime Sherman Oaks, this rare and magnificent Tuscan Mediterranean style luxury estate is part of the' Benedict Collection'- an exclusive community at the end of a cul-de-sac on 1.3 acres of private land with an additional 3.9 acres (2 parcels sold together APN# 2272-035-002 & APN# 2272-035-001). Seller will carry / finance. Stunning contemporary-wrought iron doors welcome you to a grand foyer with cathedral ceilings that highlight the vintage two-tier chandelier and elegant staircase. Open formal living room with a fireplace, 2 sets of French doors that lead to a manicured yard & patio, beautiful views of the San Fernando Valley and San Gabriel Mountains plus room to add a pool or spa. Natural light throughout the main level with travertine flooring, formal dining with views to the veranda, gourmet chef's kitchen features a center island, quality custom cabinetry, granite counter tops, wine fridge, Viking appliances and a walk-in butler's pantry. The breakfast area w/views, family room and den/office open to the backyard. Upstairs showcases 6 bedrooms en suite with carpet. The primary bedroom offers a lovely fireplace, private balcony with spectacular views, a luxurious bathroom with dual sinks, vanity + bidet, separate shower, oversize soaking tub and huge walk-in closet with custom built-ins. 5 additional bedrooms each with their own bathrooms, views, 3 with walk-in closets and 1 bedroom with its own access steps down to the backyard (maid's quarter). Convenient laundry room upstairs and linen closet has ample storage. Attached 3 car garage with direct access in to the home. Desirable location and convenient to shops and restaurants on Ventura Blvd, 101 and 405 Frwy., excellent Dixie Canyon school district! This exquisite home is an entertainer's dream yet has the privacy to offer luxury living at its finest!

3698 Benedict Canyon Lane, Sherman Oaks

$6,020,000
29 Beds 23 Baths 23233469 MLS Active Status
Situated near the intersection of Valleyheart Drive and Kester Avenue, the building sits only four blocks from the fine dining and premium boutiques along world renowned Ventura Boulevard. Boasting a unit mix of nearly all two- and three-bedroom apartments, the property features spacious floorplans covering approximately 12,925 square feet. More than 78% of the unit interiors have been thoroughly upgraded, featuring new amenities such as custom Calacatta quartz countertops, French Oak-inspired wood flooring, stainless steel appliances, and completely remodeled bathrooms. A new investor may be able to benefit from the already-completed upgrades to realize consistent income improvement, as area rents have steadily increased even in the short time since these renovations were completed. Moreover, a new owner can conduct a similar revitalization of the remaining three apartments to potentially recapture approximately 20% in rent upside. Because nearly all of the units are currently leased at or near market rent levels, the effects of local rent control have been essentially removed, leaving the new owner a market rental base similar to that of a non-rent controlled asset. Recent macroeconomic fundamentals have provided strong tailwinds for apartment occupancy and rental rates, as more potential homeowners have remained in rental housing while single-family mortgage interest rates have nearly tripled. With home values lagging in responding to these higher rates -- the least expensive single-family home available for sale in the 91403 zip code is currently $1,325,000 according to the MLS -- the barrier to homeownership for most renters remains extremely high, which in turn boosts overall apartment demand to the benefit of landlords. Situated in a very desirable neighborhood within the San Fernando Valley, the location allows tenants convenient access to numerous area amenities. The Sherman Oaks Galleria and Regal Cinemas sit mere blocks from the property, while the Westfield Fashion Square is approximately one mile east of the building. Whole Foods, Gelsons, Pavilions, and Trader Joe's re all in the immediate area, while several bars and restaurants along Ventura Boulevard provide excellent dining options. The building is also conveniently located equidistant from the booming Warner Center/Woodland Hills area and the creative campuses and studios within Burbank and Glendale, which allows the property to draw residents employed at each of those major hubs.

4957 Kester Avenue, Sherman Oaks

$3,750,000
6 Beds 7 Baths SR23001301 MLS Pending Status
Your own personal secluded Smart sanctuary, you can now call home! Nestled away in a coveted Sherman Oaks neighborhood resides a true gem for those looking for that extra degree of privacy! An opulent celebration of luxury and refinement, this jaw-dropping 6,105-sqft two-story palace also nurtures your extroverted side with a dreamy backyard that seems custom-designed with the entertainer in mind. Beyond the fully gated exterior, the accommodating circular drive, meticulously manicured landscaping, and unique exterior brimming with character, your solid dream awaits. The sumptuous setting is replete with ornate detail: glossy stone floors inviting you through a fluid floorplan bedecked with wrought-iron accents, tasteful recessed lighting, luminous chandelier fixtures, a wealth of storage space... even the convenience and security of a 16-camera Elan Smart Home System with built-in speakers. A grand foyer offers a starting point to a host of spacious rooms including formal dining area, sunken living room and separate family room (both punctuated by elegant fireplaces), office, and massive great room. The grandeur of the sparkling kitchen is reinforced by a huge center island with porcelain bedfast sink, granite countertops complimented by a textured tile backsplash, masterfully crafted cabinetry, and built-in stainless-steel appliances including a voluminous chef’s refrigerator. The second level is distinguished by an exquisite primary bedroom suite including a sizable living room with private balcony, roomy walk-in closet, and en-suite bathroom complete with oversized walk-in shower, twin sink vanities, and a stunning stone-encased soaking tub. And each bedroom boasts its own private bathroom! Relaxation is intuitive courtesy of a private backyard paradise guarded by gently swaying palms. A massive back porch provides your perfect platform for entertaining before opening out onto accommodating patio spaces. Soirées are all but guaranteed by the uniquely covered rock cabana and outdoor kitchen, not to mention the all-important swimming pool with slide and spa. If you're bored in this house, consider it a true feat! It also presents a prime location down the street from Notre Dame High School, Westfield Fashion Square, and LAVC with close proximity to Whole Foods, NoHo Arts District, all the major movie studios, local restaurants, shops, the 101 FWY, and so much more!

13202 Chandler Boulevard, Sherman Oaks

$3,850,000
30 Beds 20 Baths 22220245 MLS Active Status
Featuring a unit mix of all three-bedroom units, the property offers a new owner substantial rent upside. The current rents are approximately 47% below market rates, allowing an investor to capitalize on continued income growth for the foreseeable future. There is an existing loan at a 3.97% fixed interest rate that may be assumed. Situated near the intersection of Magnolia Boulevard and Woodman Avenue, the property is blocks from the Westfield Fashion Square and Notre Dame High School. The prestigious Ventura Boulevard, featuring fine dining and high-end shopping, is just one mile south of the property. Half of the apartments have already undergone extensive interior remodeling, with the installation of new wood flooring, quartz countertops, recessed lighting, stainless steel appliances, upgraded bathrooms, and new ceiling fans with remote controls. The property has also been updated with nearly full copper plumbing, several new electric subpanels, all vinyl windows, new exterior paint, new signage, and new lighting. The high barriers to homeownership in Sherman Oaks have led to increased rental demand, as the median three-bedroom home price over the past year has been $1,500,000. Monthly mortgage payments on the median three-bedroom home in Sherman Oaks would be approximately $7,334, which is nearly 2.5 times the monthly market rent for three-bedroom apartments at 5117 Woodman Avenue. This chasm between the cost to rent and the cost of local homeownership -- further widened by additional taxes, insurance, and a prohibitive $300,000 required down payment -- forces more residents into rental housing and increases demand for three-bedroom apartments.

5117 Woodman Avenue, Sherman Oaks

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.

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