6-Unit Multifamily Value-Add Located In the Heart of Sherman Oaks
LIST PRICE:$1,850,000 CAP RATE: 5.47% GRM: 10.78 PRICE PER SQUARE FOOT: $299
13504 Moorpark Street presents a rare opportunity to acquire a well- maintained six-unit multifamily property in prime Sherman Oaks. Offered for the first time in nearly 40 years, the property is priced at $1,850,000, representing a 5.47% cap rate and a 10.78 GRM, with approximately 29% upside in rental income.
Built in 1964, the 6,183-square-foot property features an attractive unit mix consisting of five spacious two-bedroom, one-and-a-half-bathroom townhomes and one one-bedroom, one-bathroom flat. The units offer desirable residential amenities, including large private patios and fireplaces. Four of the six units have RUBS in place, allowing for the recovery of certain utility expenses.
The property has benefited from significant capital improvements, including a new roof, new electrical panels and subpanels, new windows throughout, updated copper plumbing throughout most of the building, and a soft-story seismic retrofit completed in 2019.
With a strong current return, substantial rental upside, an attractive townhome- heavy unit mix, and extensive building upgrades already completed, 13504 Moorpark Street represents an exceptional value-add investment opportunity in one of the San Fernando Valley ’s most desirable rental markets.
Investment Highlights
Prime Sherman Oaks location just steps from Ventura Boulevard
First time on the market in nearly 40 years
Excellent unit mix featuring (1) one bedroom and (5) spacious two bedroom townhome-style units
Units offer large private patios, fireplaces, and private balconies
Approximately 29% rental upside potential
Well maintained corner lot property with strong curb appeal
Brand new roof completed in 2026
Upgraded electrical panels
Significant exterior improvements completed as well as new windows and paint
Soft-story retrofit completed in 2019
On-site laundry and central AC
Six parking spaces plus ample street parking
Walking distance to Ventura Boulevard dining, shopping, and entertainment
Convenient access to the 101 and 405 Freeways
Exclusively Listed By:
David Saghian
(310) 401-1559
dsaghian@lyonstahl.com